1M/1M vs. YCombinator
Download as PPT, PDF3 likes1,879 views
The document compares YCombinator (YC) and 1M/1M. It notes that YC is more exclusive and accepts fewer than 100 ventures per year, requires moving to Silicon Valley, and accepts entrepreneurs twice per year. In contrast, 1M/1M is more inclusive and accessible to entrepreneurs anywhere at any time. While YC invests funds in exchange for equity, 1M/1M charges an annual $1000 membership fee for unlimited support. The document also notes differences in funding requirements, support for bootstrapping, and focus areas between the two organizations.
1M/1M vs. YCombinator
- 1. How Does 1M/1M Differ From YCombinator?
- 2. YC is Exclusive, 1M/1M is Inclusive YC accepts < 100 ventures a year 1M/1M is open; anyone can join
- 3. YC is Physical, 1M/1M is Virtual You don’t need to move to Silicon Valley Whether you are in Cape Town or Chennai, 1M/1M is accessible 24 hours
- 4. YC Accepts Entrepreneurs Twice a Year, 1M/1M All Year Entrepreneurs Anywhere, Anytime, can access 1M/1M
- 5. YC Invests $$ for Equity, 1M/1M Charges $1000 Annual Membership Fee for Unlimited Access
- 6. YC: 6-7% Equity for $15k-$25K in Funding 1M/1M Advises Entrepreneurs to Aim for $2M Pre- money Valuation for Seed Financing
- 7. Financing is NOT a Requirement for 1M/1M It is, for YC
- 8. 1M/1M Supports Self- financed Ventures YC Requires that you raise money
- 9. 1M/1M Believes in Bootstrapping YC believes in Financing
- 10. 99% of Entrepreneurs Don’t Get Funded YC Focuses on the 1% 1M/1M is Happy to Support the Other 99%
- 11. YC Likes Technical Founders, 1M/1M Supports ALL Entrepreneurs A solo business founder CANNOT get into YC, but CAN join 1M/1M
- 12. You CAN Join 1M/1M Even If You Get Rejected By YC 1M/1M can help you prepare for YC, or Become successful without them
- 13. We focus on Business Strategy and Execution Irrespective of Financing
- 14. http://1mby1m.com Please join us at a FREE Strategy Roundtable Soon!