By guest author Irina Patterson Let’s talk about the $1,000 annual membership fee for the 1M/1M Program. If you are thinking about joining the 1M/1M, I am sure you are pondering that fee question … so, let’s talk about it. The 1M/1M Program is a business. It’s built on the same principles that we teach entrepreneurs
By guest author Irina Patterson Working on a business? Have you pitched it at the 1M/1M Free Strategy Roundtable yet? It’s a great way to get some early feedback on your business from a Silicon Valley veteran like Sramana Mitra. This kind of expert feedback is not easy to obtain even if you can afford
I recently read a book called Fool’s Gold? The Truth Behind Angel Investing in America by Scott Shaine. Scott is an angel investor himself and is a professor of entrepreneurship at Case Western Reserve University.
By guest author Irina Patterson Let’s be pragmatic. Sramana labored over six years to assemble over 500+ case studies of successful entrepreneurs. She collected nuggets of entrepreneurial wisdom. A lot of it came from Silicon Valley where she’s based — Silicon Valley’s tribal knowledge — as she calls it. She synthesized this tribal knowledge into
By guest author Irina Patterson MAD Incubator is a government supported business incubator in Malaysia. MAD is one of 1M/1M strategic partners in Asia. Andrew Wong, managing director of MAD, reached out to 1M/1M, after he read Sramana’s Entrepreneur Journeys book series. After grasping what 1M/1M could do for his region, Andrew rallied his local
By guest author Irina Patterson As we talked to VCs and angels, we discovered that less than 1% of the entrepreneurs who apply for their funding get funded. Think about it, less than 1%. One of the Silicon Valley’s super angels, Mike Maples, told us that he gets 7,000 deals a year and invests in
By guest author Irina Patterson Unless you’re based in Silicon Valley, I don’t think so. Many economic development organizations and incubators spend considerable time and money to attract savvy entrepreneurs to their regions. Sometimes, they manage to get entrepreneurs from another state or even another country to move to one of their regional incubators. But
By guest author Irina Patterson At our 1M/1M roundtables, we often hear horror stories of entrepreneurs who have sold 25% of their company to investors in exchange for $15,000. I always find Sramana jumping off her chair when she works with those entrepreneurs.