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Strategy for 1M / 1M : Global Entrepreneurship Development Project

Strategy for 1M / 1M : Global Entrepreneurship Development Project

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  • Full Name Full Name Comment goes here.
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  • I am an entrepreneur (ent.), awarded a patent and also incubating more start-ups. Your endeavor is good. A hardship is raising investments. In a typical scenario ent. face big established players and people with access to capital. Invariably there is a pool of commission agents likes who waste lots of time of ent. There is a suggestion which I would like you to explore. If you can work on a structured model wherein the 1M ent. are unified under this 1M/1M model and these 1M ent. follow an escalation process where in the validated projects with comments/recommendations of internal ambassadors. If the results start happening right now this network will grow. Another aspect is protecting ideas. These two are major issues.

    Page 7: Each ambassador, thus, brings in and nurtures $20k entrepreneurs - seems need correction.
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    1 M   1 M 1 M 1 M Presentation Transcript

    • Sramana Mitra
      1M / 1M
    • To help 1M entrepreneurs reach $1M in revenue and beyond.
      Goal:
    • 1M/1M Ambassadors will use social media to create meaningful partnerships with entrepreneurship development organizations around the world
      Channel
    • University Entrepreneurship Programs (MIT Deshpande Center)
      University Entrepreneurship Clubs & e-Cells (e.g. IIT Bombay)
      Alumni Groups (e.g. MITCNC)
      Professional Groups (e.g. SVASE, ASTIA)
      Ethnic Groups (e.g. TiE, Silicon French)
      Government Programs (e.g. Singapore)
      Etc.
      Entrepreneurship Development Organizations (EDOs)
    • Online Roundtables
      Deal Radar series on the blog:
      Showcase entrepreneurs from the various networks
      Find and profile companies that have hit $1M in revenue
      May introduce a new series called Campus Radar or Incubation Radar for smaller companies
      We will develop additional resources
      Private online CEO lounges
      Access to angel investors and VCs
      Founder match-ups
      Business development
      Early adopter customer validation
      Startup jobs
      Service providers for outsourcing
      In-person Meetups
      Etc.
      Books, blogs, columns: Portable mentoring devices to propagate the methodology
      Resources
    • Two key efforts
      How do we get to 1M / 1M?
    • 50 ambassadors
      Each manage 20 EDO partnerships
      Promote roundtables, and engage entrepreneurs
      In each EDO, ambassadors will need to develop 10 internal ambassadors who will multiply the effect by another factor of 100
      (50 x 20 x 10) x 100 = 10,000 x 100 = 1M
      Each ambassador, thus, brings in and nurtures $20k entrepreneurs
      Each internal ambassador brings in and nurtures 100
      First, get 1M entrepreneurs engaged in the movement
    • Demystification
      Idea validation
      Bootstrapping
      Positioning
      Go to Market
      Financing
      Other
      Then, get them to follow the EJ methodology