Founder Institute - Presentation
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Transcript of Founder Institute - Presentation
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What is the Founder Ins0tute?
• A global network of startups and mentors that helps
entrepreneurs launch technology companies.
• The World’s Largest Idea-‐Stage Incubator
• A startup building startups: globally operated by 4 people out
of a garage in Silicon Valley (yep, that’s right!)
• 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 network
500+Grads
800+Mentors
22+ Ci6es75+
Partners
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The Problem
• Star0ng and running a
startup 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 Incen0ves =
Exponen6ally Be?er
Chance of Success
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How Do We Find Great People?
Social Science-‐Based Admissions• Proprietary ap0tude/ personality test to
apply
• Developed by leading social scien0sts in
conjunc0on with FI
• Removes idea evalua0on and other
subjec0ve bias from admissions process
• Featured on CNN Money.com – “Predic0ng
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. Marke0ng/ Sales13. Presenta0on/ Publicity14. Fundraising15. Gradua6on
• 4 Month Curriculum
• 3+ Mentors / Session
• Emphasis on Group Work and Constant
Feedback/ Evalua0on
• 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)
800+ Global Mentors
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… With Incen0ves Aligned
Shared Equity Bonus Pool• Founders contribute 3.5% in warrants to a
Bonus Pool shared between all par0cipants
– 40% goes to the Founder Ins0tute– 30% to Mentors (their individual shares
based on anonymous ra0ngs from students)– 30% back to the Founders themselves (you
own a piece of your fellow gradua0ng companies)
• Amazing things happen when smart people
work together toward a common goal
Crea6ng teamwork-‐based, local startup ecosystems = Globalizing Silicon Valley
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The Result: 500+ Companies Already
• 550+ Founders
Graduated
• 41% receive funding
within 6 months
• Only 9% of companies
fail in the first 18
months
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Growing Worldwide Entrepreneurship
SeattleSan FranciscoSilicon ValleyLos AngelesSan Diego
ChicagoSt Louis
BrusselsBerlinParisAmsterdam
SingaporeJakartaHanoiSydney
DenverHouston
Currently in 22 loca6ons – 30+ planned in 2012
BogotáSantiago
BostonNew YorkWashington DC
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… and the Economics?
Fee Amount Descrip6on
Applica6on €50 For Admissions Test Processing*
Course €750 For Catering, Opera0ons, Mentor Travel
Bonus Pool 3.5% You share in the success of your peers
Tui6on $4,500 Condi0onal if you get External Financing aqer the Program
* Free for Bootcamp A?endees
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Some Tes0monials
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Why Apply?
• Flexibility – You don’t need an idea to apply, and sessions are
held at night so you’re not required to quit your day job.
• Expert training and constant feedback from people who have
been there, done that.
• Services and Scale – Free and discounted services from 75+
partners.
• Access to global startup network based in Silicon Valley and
spanning 5 con0nents
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Ques0ons?
Apply today at: http://fi.co/join
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