Why does 1M/1M charge $1000?
Transcript of Why does 1M/1M charge $1000?
Why Does 1M/1M Charge $1000 a Year?FAQ about 1M/1M Business Model
What is the 1M/1M Business Model?Why don’t you take equity?
We Looked At Other Models: Equity, FinancingThey apply to 1% of all entrepreneurs.
To Take Equity, We Have To Be ExclusiveMost incubators take pride in how exclusive they are,how many entrepreneurs they reject.
We Want To Be Inclusive And DemocraticAnyone can join 1M/1MIF they want to learn.
We Accept Very Early, Unvalidated, Concept-stage Entrepreneurs=> The concept may be discarded once they go through our validation methodology.
Impossible To Value A Business Until LaterHow do we calculate equity without valuing the business?
Expensive Equity 6% for $25k in funding is a bad deal.
Much Better To Charge A Small FeeFor unlimited access to curriculum, consulting, mentoring, business development, financing, media services.
$1000 is a StealFor what we offer.ROI: $375k + 5-10% equity
1M/1M is not a Non-ProfitWe need revenues to pay for our expenses.
Our Customers Are NOT CharitiesThey are for-profit businesses.We believe in Capitalism.We offer value. Value should be compensated for.
We Do Not Support Free-RidersThe West is crumbling under the weight of free-riders.
http://1Mby1M.comPlease join us at a FREE Strategy Roundtable Soon!