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BlueSnap Elance Scholarship Program

BlueSnap and Elance will be awarding 12 entrepreneurs launching or expanding digital commerce ventures scholarships to virtually attend the 1M/1M program for one year. BlueSnap will assist the scholarship recipients in establishing their online business presence on BlueSnap’s Plimus platform, enabling them to begin selling and implementing the lessons learned with the expert guidance of BlueSnap. In addition, Elance, the world’s leading platform for online employment, will provide Elance service credits to help them hire and manage online professionals in the cloud.

The deadline for entrepreneur scholarship applications is May 11, 2012. Applicants must have a concept or existing business providing a digital commerce product or service that offers any of a wide variety of digital goods including audio and video content, software, casual games and subscription access to publications and services. Click here to find application instructions.

On May 18, twenty (20) finalists will be selected to present their company pitches, with guidance from 1M/1M, during two public online Roundtables for Entrepreneurs on June 4 and June 7. The twelve winners will be chosen at the end of the sessions and each will receive a yearlong scholarship to the 1M/1M program, access to BlueSnap commerce experts who will help establish the winners’ online presence when ready, and Elance service credits to help them hire and manage online professionals in the cloud. Existing commerce ventures, if chosen, would work with BlueSnap experts to implement BlueSnap technologies for their monetization platform. Winners will be profiled on both the BlueSnap and 1M/1M websites after the roundtable.

Application

Frequently Asked Questions

Testimonials

“1Mby1M 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. 1Mby1M also helped us win the $40,000 Microsoft BizSpark Startup Challenge Grant by helping us refine our pitch, market sizing analysis, and other details. 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.”

Girish Mathrubootham,  Founder & CEO at Freshworks – Raised $484 Million in Funding and went Public on Nasdaq with a $10B+ Valuation

“Working with the 1Mby1M team is perhaps one of the best decisions I’ve made on the spur of the moment. I was tracking 1Mby1M for a while and used to get their e-newsletter. I was always cynical about the pay to play model in the Bay Area. I tested the model quite late in our evolution on a whim and was surprised by everything. It was the best $1000 spent. I would strongly urge founders who are at the ideation stage to sign up – you will save yourself a lot of time, trouble and resources. Through 1Mby1M, I was introduced to Warren Weiss, a renowned former sales executive who worked with Steve Jobs at NeXT, and is now a successful VC in Silicon Valley.”

Dharmesh Singh,  Co-founder and CEO, Fullcast - Raised $4 Million in Series A Funding

“I joined the 1Mby1M Premium program in 2020 and had a very good experience interacting with Sramana. Her inputs during the private roundtable sessions added a lot of value; she addressed the exact objectives I had. She also made a number of valuable introductions. Overall, the program had a very positive influence on our journey.”

Abinash Saikia,  Co-founder of EnCloudEn, Acquired by Quantum Corporation in 2021

“The 1Mby1M program has been a phenomenal help to us. Within days of joining, Sramana introduced us to some key folks in the industry and helped open new doors for us. Her advice is real, focused, and actionable. I would highly encourage entrepreneurs, especially first-time entrepreneurs, to leverage the program. Many thanks for all the help, support and mentorship through the years.”

Vikrant Mathur,  Co-Founder at Future Today

“Working with Sramana Mitra and the 1Mby1M Premium program has been invaluable for Adya as a bootstrapped company to better understand how to best position the product and the company while working within constraints. Sramana has a very fresh perspective that promotes bootstrapped startups making slow, steady progress while rejecting the need for institutional investments. This also makes companies better targets for acquisitions. Thanks to her introductions, we were able to pitch Adya to the right companies at the senior executive levels. This led to, I am happy to say, an acquisition of Adya by Qualys! Without Sramana, this happy outcome would likely not have happened.”

Deepak Balakrishna,  Co-Founder and CEO, Adya (Acquired by Qualys)