Founder Institute General Presentation

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description

General presentation of the Founder Institute. Through a 4 month program, you can launch your dream company with expert training, feedback, and support from experienced startup founders and CEOs - while not being required to quit your day job. 

Transcript of Founder Institute General Presentation

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What is the Founder Institute?

• The World's Largest Startup Accelerator, with over 1.100

graduate companies across 55 cities, 33 countries, and 5

continents. • Through a 4 month program, you can launch your dream

company with expert training, feedback, and support from

experienced startup founders and CEOs - while not being

required to quit your day job. • FI goal is to globalize Silicon Valley and launch over 1.000

meaningful and enduring technology companies per year.

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Where do we fit in?

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The Problem

• Starting and running a

new company is hard• There is no playbook• Success is rare• We want to help

entrepreneurs avoid

deadly mistakes

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Our Philosophy

• Ideas are largely irrelevant• Great companies start with

great people

• Great People

+ Expert Training

+ Aligned Incentives =

Exponentially Better

Chance of Success

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How Do We Find Great People?

Social Science-Based Admissions• Proprietary aptitude/ personality test to

apply

• Developed by leading social scientists in

conjunction with FI

• Removes idea evaluation and other

subjective bias from admissions process

• Featured on CNN Money.com – “

Predicting Entrepreneurial Success” (Aaron

Patzer)

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Expert Training

Phase 1: Idea Refinement Phase 2: Business Setup Phase 3: Launch Planning

1. Startup Basics2. Vision/ Values3. Startup Research4. Naming/ Branding5. Mentor Idea Review

6. Startup Legal/ IP7. Cofounders/ Hiring/ Firing8. Revenues/ Costs/ Profits9. Product Development10. Mentor Progress Review

11. Outsourcing/ Suppliers12. Marketing/ Sales13. Presentation/ Publicity14. Fundraising15. Graduation

• 4 Month Curriculum

• 3+ Mentors / Session

• Emphasis on Group Work and

Constant Feedback/ Evaluation

• Not Required to Quit Your Job

• ~ 20 hrs / week commitment

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… Taught by Seasoned Founders

- Nolan Bushnell (Atari)- Peter Guber (Mandalay Entertainment)- Bram Cohen (BitTorrent)- Jonathan Abrams (Friendster)- Naval Ravikant (VentureHacks)- Will Bunker (Match.com)- Jake Nickell (Threadless)- Gregg Spiridellis (JibJab)- Luke Beatty (Associated Content)- Dan Shapiro (Ontela/Photobucket)- Glenn Kelman (Redfin)

- Elon Musk (PayPal, Tesla)- Marc Pincus (Zynga)- Jeff Dachis (Razorfish)- Jason Calacanis (Mahalo)- Scott Heiferman (Meetup.com)- Aaron Patzer (Mint.com)- Michael Arrington (TechCrunch)- Jon Nordmark (eBags)- Phil Libin (Evernote)- Jordan Greenhall (DivX)- Phillip Kaplan (Adbrite, Blippy)

3.000+ Global Mentors

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… With Incentives Aligned

Shared Equity Bonus Pool• Founders contribute 3.5% in warrants to a

Bonus Pool shared between all participants– 40% goes to the Founder Institute– 30% to Mentors (their individual shares

based on anonymous ratings from students)– 30% back to the Founders themselves (you

own a piece of your fellow graduating companies)

• Amazing things happen when smart people

work together towards a common goal

Creating teamwork-based, local startup ecosystems = Globalizing Silicon Valley

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The Result: 1.100+ Companies already

• 1.100+ Founders

graduated• 41% receive funding

within 6 months• Only 11% of companies

fail in the first 18

months

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Some Testimonials

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Questions?

We want you to help us launching FI all over the world!