As a part of our aim to democratize entrepreneurship education at scale globally, we have packaged our proven 1Mby1M methodology for building technology startups into short courses on Udemy. In addition to offering you up to 85% off all of our Udemy courses this month, we are introducing three new courses. Each contains informative and
I started one of the Internet’s first fashion e-commerce companies in 1999. It was very expensive to do so at the time. Today, an online fashion business can be launched in an extraordinarily capital-efficient manner. There are so many effective e-commerce platforms from Amazon, eBay and Etsy to Shopify and BigCommerce that will allow you
Most adult professionals have jobs, families, and other responsibilities. People working in the tech industry have big salaries to forego if they want to start a company. For ambitious folks who want to start a technology startup while working full-time, having a job means your income doesn’t depend on the immediate success of your startup
Raising funding for startups in Silicon Valley is a low probability game. Fewer than 1% who try actually succeed. Outside the Valley, the startup ecosystems are mostly immature, and the probability gets even lower. The bar to raise seed funding is getting higher and higher. Seed investors are mostly operating as growth investors, expecting that
Most businesses can be launched in a capital efficient manner. Most businesses can go a long way in a bootstrapped mode. As long as you’re not taking on capital guzzlers like drug discovery or semiconductor chips, you have many options to explore. At 1Mby1M, we don’t insist on fund raising. A bootstrapped, capital-efficient, million-dollar business
Let’s talk about the field of medicine. If you think about what a doctor needs to do to diagnose an illness, she needs to consider all the symptoms, take into account all the test results, consider all the treatment options, factor in all the side-effects of various medications and their interplay with other medications the
I started one of the Internet’s first fashion e-commerce companies in 1999. It was very expensive to do so at the time. Today, an online fashion business can be launched in an extraordinarily capital-efficient manner. There are so many effective e-commerce platforms from Amazon, eBay and Etsy to Shopify and BigCommerce that will allow you
Two-sided marketplaces are becoming increasingly popular in the e-commerce startup world. eBay and Etsy are some of the most obvious examples of two-sided marketplaces, but now we are seeing a lot of niche and esoteric marketplaces as well all over the world. So what does it take to be successful in this kind of business?