Building India’s Entrepreneurship

PipelineSramana Mitra

Founder, One Million by One Million1M Entrepreneurs x $1M+ Revenue by 2020

http://1Mby1M.com

Entrepreneurship is a Darwinian Numbers Game

High Infant Entrepreneur Mortality600,000 companies go out of business every year in the US

But, 600,000 business startup every year as well

99% of Entrepreneurs who seek Financing get

rejectedYes, even in Silicon Valley

Why?Not enough Validation

Not enough TAMInadequate TeamPoor Positioning

etc.

But, Silicon Valley has a HUGE Pipeline

US too. 600,000 businesses starting up each year.Even with 10% failure, enough succeed.

How does India get there?

And soon.

With Virtual + Physical Incubation

By democratizing entrepreneurship education

1M/1M: Virtual Incubator

We partner with physical incubators

1M/1M Core Focus on Scalable, Effective Mentoring

Mentoring = (Curriculum + Strategy Consulting)

Gap in most communitiesMentoring Networks Do Not Work

Silicon Valley Methodology and Insider Network

1M/1M offers all local incubators instant and credible access to the Valley

Methodology, Curriculum, Mentoring, Consulting,

Biz Dev, Financing, Media Access

1M/1M augments local organization’s offerings

Supplement, not Competition

Step 1: Virtual Pre-Incubation

100% of the entrepreneurs get basic training and support

20122012 20132013 20142014 20152015 20162016PhysicaPhysica

llIncubatIncubatorsors

20 50 100 200 250

EntrepreneEntrepreneursursperper

IncubatorIncubator

100 200 250 300 400

PipelinPipelinee

2000 10,000 25,000 60,000 100,000

CostCost($1000 / ($1000 / yr / yr /

member)member)

$2M $10M $25M $60M $100M

Step II: Identify the 4% Most Promising

OnesOffer them $25k grants

20122012 20132013 20142014 20152015 20162016PhysicaPhysica

llIncubatIncubatorsors

20 50 100 200 250

EntrepreneEntrepreneursursper per

IncubatorIncubator

100 200 250 300 400

PipelinPipelinee

2000 10,000 25,000 60,000 100,000

Grants Grants (4%, (4%, $25k)$25k)

80 400 1000 2400 4,000

CostCost $2M $10M $25M $60M $100M

1% Get Financing89% Bootstrap To Profitability

10% Fail4-years to get to $1M Avg Revenue

20122012 20132013 20142014 20152015 20162016

PipelinPipelinee

2000 10,000 25,000 60,000 100,000

Success: Success: 90%90% 1800 9000 22,500 54,000 90,000

GDP GDP ($1M ($1M Avg in Avg in

4 4 years)years)

$1.8Bin 2016

$9Bin 2017

$22.5Bin 2018

$54Bin 2019

$90Bin 2020

20122012 20132013 20142014 20152015 20162016

GDP GDP ($1M ($1M Avg in Avg in

4 4 years)years)

$1.8Bin 2016

$9Bin 2017

$22.5Bin 2018

$54Bin 2019

$90Bin 2020

CostCost $4M $20M $50M $120M $200M

ROI: 450X in 4 years

India can afford a $300M

experimentWith 450x ROI potential

Physical Incubator:Computer

1M/1M: High Performance Chip

Physical Incubator:Smartphone1M/1M: App

Plug 1M/1M Onto Your Incubator

Sramana MitraFounder, One Million by One Million

1M Entrepreneurs x $1M+ Revenue by 2020http://1Mby1M.com

Skype Irina_Patterson