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, they want to get the most out of their investment. >>>
Did you know that 99% of the entrepreneurs who apply to Y Combinator or any other hot business accelerator are rejected? I am saying this in case you are thinking of applying.
Let’s face it, rejections hurt.
But if you want to get into your favorite business accelerator, we can help. Join the 1M/1M Program today, and let’s take one step a day toward that specific goal.
At 1M/1M we accept entrepreneurs as they come, warts and all. (You would never hear an investor say that.) >>>
By guest author Irina Patterson
Last week we talked about private investors – the so-called friends, family, and fools. Known as the 3 Fs, they usually invest a few thousands here and there. But as scrappy as we are, we still recommend the 1M/1M education first and any capital injection second, even if the investment is only $5,000. >>>
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 at 1M/1M, which are: to offer a solution to a true problem and to make sure that your product or service adds real value so that our customers are willing to pay for it. >>>
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 to fly to California. >>>