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Building India’sEntrepreneurship Pipeline             Sramana Mitra   Founder, One Million by One Million      1M Entrepre...
Entrepreneurship is aDarwinian Numbers Game      High Infant Entrepreneur Mortality   600,000 companies go out of business...
99% of Entrepreneurs whoseek Financing get rejected       Yes, even in Silicon Valley
Why?Not enough Validation Not enough TAM  Inadequate Team   Poor Positioning         etc.
But, Silicon Valley has a    HUGE Pipeline US too. 600,000 businesses starting up each year.      Even with 10% failure, e...
How does India get     there?      And soon.
With Virtual + Physical     Incubation By democratizing entrepreneurship education
1M/1M: Virtual  IncubatorWe partner with physical incubators
1M/1M Core Focus on   Scalable, Effective       MentoringMentoring = (Curriculum + Strategy Consulting)          Gap in mo...
Silicon Valley Methodology    and Insider Network1M/1M offers all local incubators instant and credible                 ac...
Methodology, Curriculum, Mentoring,             Consulting,  Biz Dev, Financing, Media Access      1M/1M augments local or...
Supplement, not  Competition
Step 1: Virtual         Pre-Incubation100% of the entrepreneurs get basic training and                   support
2012 2013 2014 2015 2016  Physical                 20     50       100      200      250IncubatorsEntrepreneurs     per   ...
Step II: Identify the 4%Most Promising Ones      Offer them $25k grants
2012 2013 2014 2015 2016  Physical                 20     50       100      200      250IncubatorsEntrepreneursper Incubat...
1% Get Financing89% Bootstrap To Profitability          10% Fail     4-years to get to $1M Avg Revenue
2012 2013 2014 2015 2016 Pipeline       2000     10,000    25,000    60,000    100,000Success: 90%    1800      9000     2...
2012 2013 2014 2015 2016GDP ($1M             $1.8B      $9B     $22.5B     $54B      $90B Avg in 4            in 2016   in...
ROI: 450X in 4 years
India can afford a$300M experiment    With 450x ROI potential
Physical Incubator:    Computer1M/1M: High Performance Chip
Physical Incubator:   Smartphone    1M/1M: App
Plug 1M/1M Onto Your       Incubator            Sramana Mitra  Founder, One Million by One Million     1M Entrepreneurs x ...
Skype Irina_Patterson
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Incubators ISBA 2012: Building India's Entrepreneurship Pipeline

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Sramana Mitra's ISBA 2012 talk

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Transcript of "Incubators ISBA 2012: Building India's Entrepreneurship Pipeline"

  1. 1. Building India’sEntrepreneurship Pipeline Sramana Mitra Founder, One Million by One Million 1M Entrepreneurs x $1M+ Revenue by 2020 http://1Mby1M.com
  2. 2. Entrepreneurship is aDarwinian Numbers Game High Infant Entrepreneur Mortality 600,000 companies go out of business every year in the US But, 600,000 business startup every year as well
  3. 3. 99% of Entrepreneurs whoseek Financing get rejected Yes, even in Silicon Valley
  4. 4. Why?Not enough Validation Not enough TAM Inadequate Team Poor Positioning etc.
  5. 5. But, Silicon Valley has a HUGE Pipeline US too. 600,000 businesses starting up each year. Even with 10% failure, enough succeed.
  6. 6. How does India get there? And soon.
  7. 7. With Virtual + Physical Incubation By democratizing entrepreneurship education
  8. 8. 1M/1M: Virtual IncubatorWe partner with physical incubators
  9. 9. 1M/1M Core Focus on Scalable, Effective MentoringMentoring = (Curriculum + Strategy Consulting) Gap in most communities Mentoring Networks Do Not Work
  10. 10. Silicon Valley Methodology and Insider Network1M/1M offers all local incubators instant and credible access to the Valley
  11. 11. Methodology, Curriculum, Mentoring, Consulting, Biz Dev, Financing, Media Access 1M/1M augments local organization’s offerings
  12. 12. Supplement, not Competition
  13. 13. Step 1: Virtual Pre-Incubation100% of the entrepreneurs get basic training and support
  14. 14. 2012 2013 2014 2015 2016 Physical 20 50 100 200 250IncubatorsEntrepreneurs per 100 200 250 300 400 Incubator Pipeline 2000 10,000 25,000 60,000 100,000 Cost($1000 / yr / $2M $10M $25M $60M $100M member)
  15. 15. Step II: Identify the 4%Most Promising Ones Offer them $25k grants
  16. 16. 2012 2013 2014 2015 2016 Physical 20 50 100 200 250IncubatorsEntrepreneursper Incubator 100 200 250 300 400 Pipeline 2000 10,000 25,000 60,000 100,000 Grants 80 400 1000 2400 4,000(4%, $25k) Cost $2M $10M $25M $60M $100M
  17. 17. 1% Get Financing89% Bootstrap To Profitability 10% Fail 4-years to get to $1M Avg Revenue
  18. 18. 2012 2013 2014 2015 2016 Pipeline 2000 10,000 25,000 60,000 100,000Success: 90% 1800 9000 22,500 54,000 90,000GDP ($1M $1.8B $9B $22.5B $54B $90B Avg in 4 in 2016 in 2017 in 2018 in 2019 in 2020 years)
  19. 19. 2012 2013 2014 2015 2016GDP ($1M $1.8B $9B $22.5B $54B $90B Avg in 4 in 2016 in 2017 in 2018 in 2019 in 2020 years) Cost $4M $20M $50M $120M $200M
  20. 20. ROI: 450X in 4 years
  21. 21. India can afford a$300M experiment With 450x ROI potential
  22. 22. Physical Incubator: Computer1M/1M: High Performance Chip
  23. 23. Physical Incubator: Smartphone 1M/1M: App
  24. 24. Plug 1M/1M Onto Your Incubator Sramana Mitra Founder, One Million by One Million 1M Entrepreneurs x $1M+ Revenue by 2020 http://1Mby1M.com
  25. 25. Skype Irina_Patterson
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