Microsoft Israel To Offer 1M/1M Scholarships at 117th StrategyRoundtable For Entrepreneurs

By Team YS|25th Feb 2012
Clap Icon0 claps
  • +0
    Clap Icon
Share on
close
Clap Icon0 claps
  • +0
    Clap Icon
Share on
close
Share on
close
Sramana Mitra
During today’s roundtable, we announced that Microsoft Israel will be offering 1M/1M scholarships to Israeli entrepreneurs. On Monday, March 12, at 5:30 p.m. IST, Microsoft Israel and Israel Startup Network will be co-hosting a 1M/1M roundtable for entrepreneurs at Microsoft in Raanana, Israel. Up to ten entrepreneurs will be selected to pitch their businesses to me, and a panel of judges will select the top three companies who will each be awarded a full year tuition from Microsoft to the 1M/1M premium program, valued at $1,000 each. Entrepreneurs in Israel can find more details and registration information here.

As for the presenters today, we saw one business that is ramping nicely and another concept that is not validating.

WiC

First, Arun Purohit from Pune, India, pitched WiC by Simplibuy, a web portal where consumers can share information about where to buy products and services for cheap. Arun has about 1,200 users and has raised some angel money last year. He is rightly focused on ramping up his user base, content, as well as getting a clear handle on the metrics and monetization models.

I steered Arun away from advertising and suggested that he explore the lead generation model as his anchor business model. Also, we went over his strategy for generating content creation. Using campus interns is a decent strategy and can also help generate SEO traffic. I’d like to see a realistic cash flow analysis of how this model can help the business turn profitable without running too much red ink.

Survival Quarters

Next, John Lynch from Santa Barbara, California, pitched Survival Quarters, an idea for turning cargo containers into small apartments. As we peeled the onion, we could not find any consumer segment that would be willing and able to buy Cargo containers to turn them into apartments. The segment that has the need for affordable housing cannot afford to buy the containers or the land to put them on. I advised John against pursuing this business.

If you want a deeper relationship with me, you are very welcome to join the 1M/1M premium program. If you have any questions about the program, please, first study the website, especially What to expect from the 1M/1M premium program and the FAQs. If you have additional questions, please email me, and I would be very happy to respond. Please note that I work exclusively with 1M/1M entrepreneurs.

Get access to select LIVE keynotes and exhibits at TechSparks 2020. In the 11th edition of TechSparks, we bring you best from the startup world to help you scale & succeed. Join now! #TechSparksFromHome

    Clap Icon0 Shares
    • +0
      Clap Icon
    Share on
    close
    Clap Icon0 Shares
    • +0
      Clap Icon
    Share on
    close
    Share on
    close