BlueSnap Announces Twenty Finalists in Entrepreneur Development Scholarship Program Sponsored With One Million by One Million, Elance

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Finalists to make business pitches for twelve scholarships at Virtual Roundtables on June 4 and 7

Entrepreneur Development Scholarship

BlueSnap, a global provider of Open Commerce technology and services that maximize revenues through recurring payment solutions, today announced the scheduling of two Strategy Round Tables on June 4 and June 7 for the twenty finalists selected for the Entrepreneur Development Scholarship Program. Co-sponsored by ELance in cooperation with the One Million by One Million Initiative, the program was launched April 20 and the twenty finalists selected were announced on May 22. The One Million by One Million (1M/1M) program is a global initiative with the goal of nurturing one million entrepreneurs to each reach $1 million or more in annual revenue. BlueSnap and Elance will jointly award on June 4 and June 7 twelve digital entrepreneurs scholarships to virtually attend the 1M/1M program for one year.

Anyone interested in hearing the entrepreneurs present their business pitches is encouraged to attend the Strategy Round Table sessions on June 4 and/or June 7. Register at either or both of the links below. Further details, times, and agenda are listed there.

During the two hour program ten finalists will be giving short business pitches at each of the two strategy round tables and six winners will be selected from each group at the conclusion of the session. The winners will be chosen by BlueSnap CEO Hagai Tal, Elance VP of SMB Ved Sinha, and Sramana Mitra. Each winner will receive: a yearlong scholarship to the 1M/1M program; access to BlueSnap commerce experts who will help establish the winners’ online presence when ready; and Elance service credits to help them hire and manage online professionals in the cloud. Existing commerce ventures, if chosen, will work with BlueSnap experts to implement BlueSnap technologies for their monetization platform. Winners will be profiled on both the BlueSnap and 1M/1M websites after the roundtable.

One Million by One Million (1M/1M) is a case-study-based, online educational program that provides budding entrepreneurs methodologies, video lectures, strategy consulting through public and private online roundtables, and introductions to customers, channel partners and investors, including pre-seed, seed, angel, VC, bank and alternative financing. The program is supported by noted Silicon Valley entrepreneur, strategist and author Sramana Mitra. BlueSnap’s mission is to help companies of all sizes overcome the hurdles inherent in implementing eCommerce platforms. BlueSnap enables traditional and emerging companies to provide global, enterprise and consumer access to digital storehouses of content, services and products, through a wide array of traditional, subscription and emerging ownership models. Elance is the world’s leading platform for online employment, and helps businesses hire and manage in the cloud. Whether businesses require IT, marketing, administrative or creative services, Elance ensures that companies have instant access to a contingent, global and online workforce.

BlueSnap, Inc. maximizes revenues through recurring payment solutions that meet the rapidly changing needs of today’s global, digital brands. Helping companies of all sizes optimize customer engagement to capitalize on revenue, BlueSnap enhances initial purchase sizes, global conversion rates and recurring purchases with a proven technology that leverages more than a decade of digital commerce expertise. BlueSnap provides a compliant and secure business environment that scales the consumer experience, turning online browsers into buyers. For more information visit

Elance, the world’s leading platform for online employment, helps businesses hire and manage in the cloud. For businesses looking to staff-up a team on an hourly or project basis, Elance offers instant access to talent and the ability to build and manage entire teams online. For independent professionals who want to work online, Elance offers access to qualified clients, a virtual workplace and guaranteed pay for great work. The company is privately held and headquartered in Mountain View, California and Oslo, Norway. For more information, visit Elance at

One Million by One Million (1M/1M) is a global initiative to nurture a million entrepreneurs to each reach a million dollars in annual revenue and beyond, through education, incubation, strategy consulting, coaching, mentoring, business development, media outreach, and access to capital. Find more information here:

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Media Contact: Charles Born
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