Post on 01-Nov-2014
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How Does 1M/1M Differ From YCombinator?
YC is Exclusive,1M/1M is InclusiveYC accepts < 100 ventures a year1M/1M is open; anyone can join
YC is Physical,1M/1M is VirtualYou don’t need to move to Silicon ValleyWhether you are in Cape Town or Chennai, 1M/1M is accessible 24 hours
YC Accepts Entrepreneurs Twice a Year, 1M/1M All YearEntrepreneurs Anywhere, Anytime, can access 1M/1M
YC Invests $$ for Equity,1M/1M Charges $1000 Annual Membership Fee for Unlimited Access
YC: 6-7% Equity for $15k-$25K in Funding1M/1M Advises Entrepreneurs to Aim for $2M Pre-money Valuation for Seed Financing
Financing is NOT a Requirement for 1M/1MIt is, for YC
1M/1M Supports Self-financed VenturesYC Requires that you raise money
1M/1M Believes in BootstrappingYC believes in Financing
99% of Entrepreneurs Don’t Get FundedYC Focuses on the 1%1M/1M is Happy to Support the Other 99%
YC Likes Technical Founders, 1M/1M Supports ALL EntrepreneursA solo business founder CANNOT get into YC, but CAN join 1M/1M
You CAN Join 1M/1M Even If You Get Rejected By YC1M/1M can help you prepare for YC, orBecome successful without them
We focus on Business Strategy and ExecutionIrrespective of Financing