In 2010, an entrepreneur and strategy consultant from Silicon Valley Sramana Mitra founded the first global virtual accelerator “One Million by One Million” (1M/1M). Today, it is one of the most successful online accelerators in the US that nurtures young entrepreneurs to start and develop their own business and to reach their targeted revenue. Every year, the incubator starts a basic and a premium program concerned with growing a new generation of entrepreneurs.

 

 About Sramana Mitra

Sramana Mitra, CEO and leader of One Million by One Million business accelerator, studied Computer Science and Economics at the Smith College in Northampton, Massachusetts and Electrical Engineering & Computer Science at the Massachusetts Institute of Technology in Cambridge. Since 1994, Sramana has been an entrepreneur and a strategy consultant in Silicon Valley. She works with different topics from hardcore technology disciplines like AI, semiconductors, cloud computing to sophisticated consumer marketing industries including beauty, fashion and education.

During this time, Sramana, as an entrepreneur CEO, founded three companies: Dais, a company that products off-shore software services, a lead generation and qualification software sailor Intarka and an online personalized store Uuma that sells fashion using Expert Systems software. Two of them were sold and are nowadays led by other people. The last one received an acquisition offer from Ralph Lauren but the company did not accept it.

Sramana is also a successful strategy consultant who has consulted with more than 80 US companies such as SAP, Cadence Design Systems, Webex, KLA-Tencor, Best Buy, MercadoLibre and Tessera. However, Sramana has worked with numerous startups and VCs and also played interim VP Marketing roles for at least 7 of such ventures. She also has a proven track record in turnarounds, both small private companies (for example, think3) and divisions of larger companies (e.g. a $100 million business unit of Cadence).

Along with that, Sramana was a columnist for Forbes from 2008 to 2010 and creates articles for such media as Wired, Harvard Business Review, Huffington Post, Xconomy, Small Business Trends. Sramana is the author of a series of 12 books named Entrepreneur Journeys that is focused on demystifying entrepreneurship and has published a book “Vision India 2020”.

In 2010, Sramana decided to found the first and only in the world global virtual accelerator One Million by One Million. 1M/1M is aimed at teaching and growing a million young entrepreneurs globally to earn the annual revenue of a million dollars and create not fewer than 10 million jobs.

One Million by One Million

One Million by One Million, also called 1M/1M, is the first global virtual accelerator that is headquartered in Silicon Valley. The incubator aims to nurture a million entrepreneurs to reach a million dollars each in annual revenue and beyond and to create thereby a trillion dollars in global GDP and ten million jobs.

A strong point of the project is the possibility to learn new useful tools by joining the free online mentoring roundtables held weekly, read our blog, books, newsletter. One Million by One Million offers free self-assessment for those who is interested in expanding horizons. The entrepreneur accelerator also offers two teaching programs: the basic and the premium.

 

The Basic Program costs only $99 a month and gives you unlimited access to the entire Curriculum, all of the Core and the Elective modules. This program was made to help young entrepreneurs to quickly plug the knowledge gaps by self-learning in the fields of Positioning, Customer Acquisition, Team Building, or Financing. The 1M/1M Basic Program lasts from only one month to several months depending on student’s plans and learning rate: The Core Curriculum takes about 50 hours to get through it. The training material that a student of 1M/1M Basic Program gets is based on the experiences of over 700 successful entrepreneurs. While watching video lectures, interviews, case studies and other educational material, one will surely get fresh ideas and correct his plans and sharpen strategies and ideas further.

“1Mby1M [Basic] is a very helpful program, and Sramana is very well connected in the industry. When we were looking to talk to investors, Sramana introduced us to multiple investors, and also acted as an advisor helping us navigate complex term sheet clauses like tranche financing and liquidation preferences“, one of the students said.

“The 1M/1M program has been the best investment I made before launching my app. The curriculum is full of rich content that helped me every step of the way. I fully recommend the program to any entrepreneur at any stage of developing a new startup”, said Manolo Hernandez Kuri, Founder of Snapwin project.

The Premium Program opens up more perspectives for the students. First of all, a Premium student gets one year of mentoring, help and consulting. $1,000 a year gives the students unlimited access to the entire 1M/1M Curriculum, all Core and Elective modules. A student picks his own pace of learning, plans his own class schedule, and the Self-Assessment tool assists to prioritize the Curriculum modules by their relevance. A Premium student decides by himself whether he will join the Private Roundtables for members now or next time. The Roundtables allows the students the chance to speak to Sramana herself and to discuss their questions and problems with her. It also gets the students connected to the 1M/1M Incubation Radar (IR), which is a blog articles series, and enables to use 1M/1M’s relationships in the industry and the media, when approaching a journalist or an analyst, to add to the credibility.

“I would enthusiastically recommend the 1Mby1M program for first-time entrepreneurs and technical founders who need help with understanding other aspects of running a business”, Sramanta’s students say. And if you feel interested in business and entrepreneurship, join One Million by One Million educational programs.

However, a potential student must be ready to take part and to get direct feedback on every idea that a student has and every task he just completed. “If your idea sucks”, says the website, “sorry, get ready to hear that and course correct with support and help from 1M/1M”. The 1M/1M team wants their future students to know that: “We are on your side and do recommend that you get this vetting done at 1M/1M, safely and expediently, rather than waste years of your life trying to implement a poor concept or getting continuous painful rejections from investors”.

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