Wednesday, 13 May 2015

Anatomy of the 1 Million Cups Entrepreneur

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1 Million Cup organizers from across the country gathered last week in Kansas City at the Kauffman Foundation for the 1 Million Cups (1MC) Organizers Summit.
At the Summit, my colleague Arnobio Morelix and I presented our latest research findings about 1MC. Our research draws from data collected through a survey of 1MC founders from across the country. We received responses from 605 entrepreneurs coming from 58 different cities. We asked 20+ questions about themselves (founder) and their startup.
Examples of questions included:

How would you describe the stage of your company?
What sources of financing have you drawn from to finance your / current company?
What would you say is the primary sector of your venture?
We distilled our findings into two useful tools for 1MC organizers and entrepreneurs: The Anatomy of the 1MC Entrepreneur Presentation and an Interactive 1MC City Map.
Primary Findings:

The demographics and skill sets of 1MC Entrepreneurs
The business stage and financial state of 1MC Startups
1 Million Cups is a Launching Pad into the greater entrepreneurial community and to other organizations

Presenting entrepreneurs roughly double their participation in local entrepreneurship events.

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