By guest author Irina Patterson Here is why. The $1,000 annual fee is really about commitment. What we are saying is we are committed to supporting you and your business development for the entire year. Are you committed to working with us for at least a year?
If you have studied economics, you are familiar with the free rider problem. To refresh everyone’s memory, here is Wikipedia’s definition of the concept: In economics, collective bargaining, psychology, and political science, a free rider (or freeloader) is someone who consumes a resource without paying for it, or pays less than the full cost. The free rider problem is the question
By guest author Irina Patterson One of the best ways for a business incubator to leverage the 1M/1M Program is to organize meetups around our weekly roundtables, which are held at 8 a.m. Pacific time each Thursday.
By guest author Irina Patterson Let’s see . . . Are you able to pay $750 an hour or $5,000 a day? Most likely not. Most entrepreneurs we see are not at the stage were they have the resources to pay that kind of private consulting fees. But here is the good news. With a
By guest author Irina Patterson Not every business fits the angel financing model. Angels are looking for businesses that can scale rapidly to at least $30 million in revenue so that they can get the five- to tenfold return on their money.
At the 1M/1M Premium Program, we believe in pilots. We believe in quick testing to make sure that our assumptions are correct, and then we scale rapidly.
Angels often tell us that 99% of entrepreneurs who come to them are unfundable. Are you one of them?
We are proud of the entrepreneurs who are currently in our 1M/1M Premium Program. We call them early adopters. They understood the value of the 1M/1M right away. So far, everyone is working hard, advancing at their own pace and not giving up. Most paid the $1,000 fee out of their own pocket and, understandably,