The One Million by One Million (1M/1M) initiative is announcing a partnership with TiE Chennai that developed out of Sramana Mitra’s presentation during TiE Chennai’s Startup Super Day on April 9, 2011. The goal of the 1M/1M movement, inspired by Sramana Mitra’s vision to democratize capitalism, is to help a million entrepreneurs each reach $1 million in revenue and beyond by 2020. TiE Chennai is the local chapter of The Indus Entrepreneurs (TiE), whose mission is to foster entrepreneurship globally through mentoring, networking, and education.Together 1M/1M and TiE Chennai can provide wider resources and deeper support to the entrepreneurial ecosystem in Chennai. TiE Chennai will now be the premier partner of 1M/1M in India, both online and offline. TiE Chennai will also now offer a special discount to its members for the 1M/1M premium program. This program offers entrepreneurs on-demand educational, business development and incubation resources and strategy discussions with Mitra for an annual membership fee of $1,000. TiE Chennai members will receive a 25% discount on membership until June 16, 2011, and a 15% discount thereafter. 1M/1M is headquartered in Silicon Valley and offers its members a strong channel into the Valley, as well as a crisp encapsulation of the Valley’s methodology.
"The 1M/1M philosophy is to focus our entrepreneurs on customer acquisition and early validation without burning through a huge amount of cash,” explains Sramana Mitra, founder of 1M/1M. “In Chennai today, there are hundreds of entrepreneurs and aspiring entrepreneurs ready to unlock a vast mass of creative energy. However, the level of understanding of core issues like positioning, go-to-market, corporate structure, financing, valuation, ownership, customer and channel development, etc. are still pretty limited. The 1M/1M program and methodology aims to address this gap. Towards that end, we envision thousands of Indian entrepreneurs leveraging the 1M/1M program and dramatically enhancing their knowledge and understanding of early stage entrepreneurship, to build successful, viable companies. Our partnership with TiE Chennai is focused on giving scale and leverage to the Chennai entrepreneurship eco-system."“I recommend 1M/1M as a great program for Indian entrepreneurs, especially those looking to access U.S. customers,” says Suresh Sambandam, Founder and CEO at OrangeScape, and member of both 1M/1M and TiE Chennai. “Sramana’s extensive experience and rolodex has helped OrangeScape zero-in on an immediately actionable revenue-focused strategy.”
About One Million by One Million (1M/1M):
Founded in 2010 by Sramana Mitra, the One Million by One Million (1M/1M) initiative is an educational and business development program that aims to help a million entrepreneurs globally to reach $1 million in revenue and beyond, build $1 trillion in sustainable global GDP, and create 10 million jobs. For more details, please visit: http://1m1m.sramanamitra.com
About TiE Chennai:
TiE Chennai is a part of The Indus Entrepreneurs (TiE), a global non-profit organization focused on entrepreneurship by way of advice, guidance and assistance from successful and experienced entrepreneurs and professionals. Founded in Silicon Valley in 1992 by successful entrepreneurs and professionals with roots in the Indus region, today, TiE has 56 Chapters in 13 countries, spread across 5 continents. The TiE ecosystem comprises 13,000 members and 2,500 charter members, who are the top entrepreneurs, venture capitalists, lawyers and management professionals in their chosen field. For more information visit: http://chennai.tie.org/.
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One Million by One Million