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Incubator-in-a-Box for Co-working Spaces

You may have read Sramana’s article, The Problems with Incubators and How To Solve Them where she talks about how many incubators are effectively co-working spaces. Besides, there are many co-working spaces that are just that, and don’t claim to be anything more.

We believe that co-working spaces are important, and are great at creating local communities of entrepreneurs.

1Mby1M works with co-working spaces anywhere in the world and helps them gain access to Silicon Valley’s eco-system and methodology.

How?

1Mby1M’s Incubator-in-a-Box offering can rapidly turn any co-working space into a full-service incubator, with a full curriculum, extensive mentoring support, and deep ties into Silicon Valley.

What?

  • Choose the scale at which you wish to start. You can incubate 5, 10, 25, 50, 100, or 200 entrepreneurs (or more).
  • 1Mby1M will provide the base-level incubation to these entrepreneurs through the Premium Program. This includes online curriculum, mentoring / strategy consulting, introductions to customers, channel partners, investors, and access to the 1Mby1M media and social media channels.
  • You continue to provide the co-working space. Now, your space is more valuable and attractive to the entrepreneurial community you are catering to.

How Much?

  • The 1Mby1M Incubator-in-a-Box costs $1000/entrepreneur/year. 
  • A co-working space can simply offer the program to its entrepreneurs at the same price.
  • We do not take ANY equity, making us the most entrepreneur- (and investor- ) friendly incubator program on the planet. Most incubators take 5-10% equity. So if you take equity, then whatever equity you take, is yours. We simply make that equity worth more.
  • The ROI we deliver is equivalent to $375k + 5-10% Equity per entrepreneur.

Contact: Irina Patterson

Note: Here are a few videos explaining the 1Mby1M program in more depth:

Meet some of The One Million Club members, and review the Quantified 1M/1M Value Equation.

 

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)