One Million by One Million

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One Million by One Million is a global initiative and virtual business incubator​ with a mission to help 1 million entrepreneurs reach $1 million in annual revenue.[1]​ It is considered the first and only global virtual accelerator for startups in the world. It offers a case-study-based online educational and mentoring platform, which contains video lectures, methodology guidance, online strategy, and introductions to people who can help entrepreneurs reach their business goals.[3]



Their initiative also hopes to establish a framework for a new wave of capitalism​ with a desire to create $1 trillion of global GDP and 10 million jobs by 2020.[8]

As of March 2018, One Million by One Million has over 800 case studies of entrepreneurs who have built companies


History

One Million by One Million was founded in 2010 by Sramana Mitra​.[3]​ While she was working as a consultant and helping large companies raise funding, she realized that over 99% of companies looking to raise venture capital​ get rejected. She realized that most VCs require companies to grow extremely fast and serve a large and/or emerging market.


Because very few companies fit that model, Mitra decided to start an incubator for those companies who are looking for capital but do not fit the traditional VC model.



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