Company Research Report: One Million by One Million (1Mby1M)
Company Overview
Name: One Million by One Million (1Mby1M)
Mission: To nurture a million entrepreneurs to reach a million dollars each in annual revenue and beyond, thereby creating a trillion dollars in global GDP and ten million jobs.
Founding Details
Founded: 2010
Founder: Sramana Mitra
Key People
Founder & CEO: Sramana Mitra
- Named one of LinkedIn’s Top 10 Influencers in 2015
- Entrepreneur, strategy consultant, author, and speaker
Headquarters
Location: Silicon Valley
Number of Employees
No information is available
Revenue
No information is available
Core Competence
Scope: 1Mby1M is the first global virtual accelerator for tech startups.
Reputation: Known for democratizing access to entrepreneurship education and for promoting bootstrapped startups.
Products
1Mby1M Premium Program
Description:
- A year-long accelerator program focused on tech startups.
- Offers mentorship, strategy consulting, investor introductions, an actionable curriculum, and influencer marketing.
Key Features:
- Strategy Consulting: Guidance on positioning, go-to-market strategies, and revenue acceleration.
- Investor Introductions: Personal introductions to investors when startups are ready.
- Actionable Curriculum: Self-study resources covering positioning, customer acquisition, market sizing, financing, bootstrapping, and validation.
- Influencer Marketing: Access to Sramana Mitra’s network and influencer reach.
1Mby1M Incubator-In-A-Box
Description:
- A customizable platform for launching a tech incubator leveraging Silicon Valley’s ecosystem.
Key Features:
- Flexible Scalability: Can incubate 5 to 500 entrepreneurs.
- Comprehensive Support: Includes online curriculum, mentoring, networking, influencer marketing, and investor access.
- Customizable: Ability to add proprietary resources such as funding, real estate, and services.
- Economical: Operates at a fraction of the cost of traditional incubators with no equity dilution for participants.
Recent Developments
Product Enhancements and New Features
Incubator-in-a-Box Variants:
- For Intrapreneurship - Aimed at fostering innovation within existing corporations.
- For Schools - Tailored for educational institutions to support student entrepreneurship.
- For Platform Ecosystems - Designed for companies looking to support complementary startups.
- For Incubators and Accelerators - Enhances existing incubator/accelerator programs.
- For Venture Capital Firms - Helps VCs manage and scale their portfolio companies effectively.
- For Governments - Suitable for national or local governments aiming to bolster their entrepreneurial ecosystems.
Partnerships
Delaware Economic Development Office (DEDO):
- Partnership to support Delaware entrepreneurs through the 1Mby1M program.
Testimonial Highlights:
1. Girish Mathrubootham, Founder & CEO at Freshworks: Successfully raised $484 million in funding and went public with a $10B+ valuation.
2. Dharmesh Singh, Co-founder and CEO, Fullcast: Raised $4 million in Series A funding.
3. Abinash Saikia, Co-founder of EnCloudEn: Acquired by Quantum Corporation in 2021.
4. Deepak Balakrishna, Co-founder and CEO, Adya: Acquired by Qualys.
5. Michael D. Patterson, COO at Avkin: Raised a $1 million Series A and expanded the team and product lineup significantly.
