1M/1M vs. YCombinator

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How Does 1M/1M Differ From YCombinator?

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How does the 1M/1M Global Virtual Incubator differ from YCombinator?

Transcript of 1M/1M vs. YCombinator

Page 1: 1M/1M vs. YCombinator

How Does 1M/1M Differ From YCombinator?

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YC is Exclusive,1M/1M is InclusiveYC accepts < 100 ventures a year1M/1M is open; anyone can join

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YC is Physical,1M/1M is VirtualYou don’t need to move to Silicon ValleyWhether you are in Cape Town or Chennai, 1M/1M is accessible 24 hours

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YC Accepts Entrepreneurs Twice a Year, 1M/1M All YearEntrepreneurs Anywhere, Anytime, can access 1M/1M

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YC Invests $$ for Equity,1M/1M Charges $1000 Annual Membership Fee for Unlimited Access

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YC: 6-7% Equity for $15k-$25K in Funding1M/1M Advises Entrepreneurs to Aim for $2M Pre-money Valuation for Seed Financing

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Financing is NOT a Requirement for 1M/1MIt is, for YC

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1M/1M Supports Self-financed VenturesYC Requires that you raise money

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1M/1M Believes in BootstrappingYC believes in Financing

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99% of Entrepreneurs Don’t Get FundedYC Focuses on the 1%1M/1M is Happy to Support the Other 99%

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YC Likes Technical Founders, 1M/1M Supports ALL EntrepreneursA solo business founder CANNOT get into YC, but CAN join 1M/1M

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You CAN Join 1M/1M Even If You Get Rejected By YC1M/1M can help you prepare for YC, orBecome successful without them

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We focus on Business Strategy and ExecutionIrrespective of Financing

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