TAM = Total Available Market. Most entrepreneurs do a terrible job of modeling a defensible TAM. Yet, TAM drives Fundability. It’s not exactly something you can afford to mess up. The most common TAM error is choosing Top-down TAM over Bottom up TAM. Top-down, 30,000 ft TAM means nothing. Please go through the Market Sizing
6. If my startup fails or pivots, will 1Mby1M still support me through the transition?
Is there continuity of mentorship beyond the formal twelve-month program, or after renewing membership?
Does 1Mby1M facilitate connections to potential acquirers, analysts, or media for social proof and market validation? Yes,1Mby1M does facilitate connections to potential acquirers. Here’s a breakdown of how:
Can I combine 1Mby1M with local accelerators or government programs in my country? Yes, you absolutely can and, in many cases, it’s highly recommended to combine 1Mby1M with local accelerators or government programs in your country. 1Mby1M’s model is designed to be complementary, not exclusive.
How does 1Mby1M compare to top accelerators like Y Combinator or Techstars, especially if I’m rejected by them or want a different approach? 1Mby1M offers a distinct and often complementary approach to top accelerators like Y Combinator (YC) and Techstars. It’s particularly valuable if you’ve been rejected by them or are seeking a different path
What if I want to bootstrap and not raise outside funding – will 1Mby1M support that path? Absolutely! 1Mby1M is not only supportive of bootstrapping, but it actively promotes and provides a comprehensive playbook for it. Our core philosophy and offerings are deeply aligned with the bootstrapped path.
If I’m already funded or self-funded, what new value will 1Mby1M add to my business journey? Even if you’re already funded or self-funded, 1Mby1M offers significant value to your business journey, primarily by focusing on aspects that drive sustainable growth, market expansion, and increased valuation without necessarily requiring more dilutive capital.