Do NOT Dilute Equity Too Soon

At 1Mby1M, we believe that Ownership Matters.

Mark Zuckerberg retained 26% equity in Facebook.

Zuckerberg’s net worth has crossed $100 billion in 2020.

How did Zuckerberg retain 26% equity in Facebook?

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An Open Letter to ALL Accelerators

Friends,

Recently, the NetApp Accelerator granted scholarships to the 1Mby1M Program as an augmentation to their offering. You can find out more about this partnership here. It offers an opportunity for startups to readily access ALL of 1Mby1M’s extensive knowledge base, mentoring support and network in Silicon Valley and elsewhere.

I would like to take this opportunity to invite ANY technology startup incubator and/or accelerator anywhere in the world to do the same. Please review the 1Mby1M Incubator-in-a-Box for Accelerators and if you’re interested, please get in touch with us.

Think of us as a chip that you can install onto your own program, and enhance its power.

We look forward to working with you!

Yours, Sramana

1Mby1M Virtual Accelerator Investor Forum: With T.M. Ravi of The Hive (Part 3)

Sramana Mitra: You mentioned BPO jobs going from US to India and now being replaced by bots. That is eliminating all jobs. Same thing is happening in manufacturing. Manufacturing went from America to China and now it’s getting automated. If we get to self-driving cars, there won’t be Uber drivers. There will be self-driving Uber rides.

At this point, my estimate is in the next 30 to 50 year timeframe, we’re looking at a real possibility of there being very few jobs. What was eye-opening for me is how deep the fears are. I had a little afternoon event on Saturday at my house for Smith College Computer Science group. There were these young women with extremely fantastic resumes. >>>

1Mby1M Virtual Accelerator Investor Forum: With T.M. Ravi of The Hive (Part 2)

Sramana Mitra: Can you take us through a couple of your portfolio companies that are really interesting? What can we learn from them?

T.M. Ravi: In the Internet of Things space, the big shift is the growing commoditization of devices. Much of the value is moving to applications and data. That commoditization is not just happening on the consumer level but also on the industry level.

As economies like China become better and better at manufacturing, companies like GE realize that the $50-million rotating devices like turbines are being produced with pretty good quality in other countries also. There’s the general shift >>>

1Mby1M Virtual Accelerator Investor Forum: With T.M. Ravi of The Hive (Part 1)

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with T.M. Ravi was recorded in September 2016.

T.M. Ravi is Managing Director and Co-founder of The Hive, a venture studio. The discussion touches upon a couple of key issues: the prevalent incubator/accelerator model of 3-month classes, we agreed, is bogus; and Future of Work: Utopia or Dystopia?

Sramana Mitra: To set context, please introduce Hive to our audience. What kinds of companies do you incubate? What is the thesis around which you’re building this program? >>>

1Mby1M Incubation Radar 2017: smartQED, San Mateo, California

According to a MarketsandMarkets report, the incident response services market is estimated to grow from $13.09 billion in 2016 to $30.29 billion by 2021, at a CAGR of 18.3%. smartQED is an intelligent, AI-driven workbench for expediting IT incident response and problem resolution. It enables collaborative investigations through visual tools for systematic root cause analysis, making it easy for teams to jointly resolve problems. >>>

How to Increase Your Odds of Getting into TechStars

TechStars rejects 98% of all applications.

Is there a strategy for raising your odds of getting into TechStars?

The short answer is yes.

Watch this 1 minute 22 second video on how Nevin Shetty, CEO of Blueprint Registry, bootstrapped to validation, traction in fact, before applying.

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Why is it Important for Entrepreneurs to Work with Incubators and Accelerators That Do Not Take Equity?