• Like
1M1M EJ Methodology
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

1M1M EJ Methodology

  • 1,052 views
Published

The Entrepreneur Journeys Methodology is the basic philosophy of the 1M/1M global initiative to help a million entrepreneurs reach a million dollars in annual revenue.

The Entrepreneur Journeys Methodology is the basic philosophy of the 1M/1M global initiative to help a million entrepreneurs reach a million dollars in annual revenue.

Published in Business , Economy & Finance
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
1,052
On SlideShare
0
From Embeds
0
Number of Embeds
1

Actions

Shares
Downloads
8
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide
  • The Books started coming in 2008 Fall. I have written 5 books in the last 2 years. The EJ series came out of the case studies on the blog, and addresses a methodology for entrepreneurship.

Transcript

  • 1. The EJ Methodology
  • 2.
    • Most businesses are too small for VCs
    • Worth Building, though
    • Especially if you own 100%
    • To own 100% of a business, you cannot raise money
  • 3.
    • Sramana Mitra
  • 4.
    • Primary Goal: Inspiration & Demystification
    • “ Crafting a Business”
    • vs
    • “ Being Lucky”
  • 5.
    • The EJ methodology is based on the assumption that it is better to bootstrap the early stage of a venture, and raise money only when you have a validated business, if at all
  • 6.
    • Validating the business idea is essential
    • EJ2 deals extensively with the methodology of validation
    • Investors never fund ideas that are not validated
    • Pitch at the roundtables AFTER doing some validation of your idea using the methodology in EJ2
  • 7.
    • Validation Methodology
      • RightNow: The Montana Mogul [EJ2] - $500m market cap in 2009
        • Great lesson on idea validation & bootstrapping the early stages to get to a big Series A valuation
      • Also Murli Thirumale (Ocarina) and Manoj Saxena (Webify)
  • 8.
    • Do not spray and pray
  • 9.
    • B:B PayCycle: SaaSing Back At Athe Economy [EJ3] – acquired by Intuit for $170m
      • Great Segmentation and TAM analysis
    • B:C The Find: Web 3.0 – Under Construction [EJ3]
      • Segmentation
    EJ3 Case Studies
  • 10.
    • Appendix of EJ3 – Clarify your story - http://www.sramanamitra.com/clarify-your-story-excerpt/
  • 11.
    • Efficient Innovators solve problems, not invent solutions looking for problems.
    • Venture Capital is not the only option.
  • 12.
    • Other Useful Case Studies & Principles
  • 13.
    • Web 3.0 = (4C + P + VS)
      • 4C = Content, Community, Commerce in Context
      • P = Personalization
      • VS = Vertical Search
    • Taking on Giants section of EJ1
    • Applies to all web businesses that have a specific context
    EJ1: Web 3.0 Framework
  • 14.
    • Bootstrapping to Billions - Finisar Case Study - EJ1 -Using services to fund product development
    • Free To Innovate - Creyptography Research Case Study - EJ4 - using services to fund IP development
    Bootstrapping Using Services
  • 15. Open Source Go-to-Market Strategies
    • DimDim - EJ3
    • SugarCRM - EJ4
    • SpringSource - EJ4
    • CollabNet – EJ4
  • 16.
    • All Books on Amazon, Kindle, Smashwords
    • Entrepreneur Journeys (EJ1)
    • Bootstrapping, Weapon of Mass Reconstruction (EJ2)
    • Positioning, How To Test, Validate, And Bring Your Idea To Market (EJ3)
    • Innovation, Need Of The Hour (EJ4)
    • Vision India 2020
  • 17.
    • 45 Billion dollar business ideas
    • Business Fiction set in 2020
    • A futuristic retrospective
    • http://www.sramanamitra.com/2010/03/19/vision-india-2020-internships/