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Hot or NotDave Parker - @DaveParkerSEA
#SEFI@Founding
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Agenda
• Welcome • What’s Hot or Not • Your Turn • About FI
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Thanks!
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Introductions
• Bill Bryant - @SeattleBill • Andy Liu - @AceLiu• Michelle Goldberg - @ElleGold
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What’s Hot2 Minutes
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I want to develop
to help
(solve a problem)
(with secret sauce)
(a defined offering)
(a target audience)
Idealibs for Startups
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About FI
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Overview
Spring 2013FI.co
Founded in 2009 by Adeo Ressi, the goal of the Founder Institute is to create a thousand companies a year in thirty-five cities worldwide. Our four month mentorship program is designed to help Founders validate their idea, and build their dream companies.
An idea-stage incubator that helps entrepreneurs create meaningful and enduring technology companies.
Great People
Expert Training
Aligned Incentives
As featured in
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Spring 2013FI.co
Phil LibinEvernote
Joe BezdekDivX
Jason CalacanisLAUNCH
David WeeklyPB Works
Naval RavikantAngel List
Eric RiesThe Lean Startup
Robin ChaseZipcar
Aaron PatzerMint
Jeff DachisDachis Group
Phil KaplanADHA Labs, Inc.
Rebecca LovellGeekWire
Peter PhamColor
Seth SternbergMeebo
Rashmi SinhaSlideShare
World Changing Graduates
World Changing Graduates
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Mentors
• Andy Liu• Bryan Mistele• Dan Schapiro • Charles Mount • Rebecca Lovell• Dave Bluhm • Matt Shobe
• Brian Schultz• Todd Hooper • Charles Kwon• T.A. McCann• Chris Devore• Joel Espelien• Keith Smith
Past & Current
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The Curriculum
Spring 2013FI.co
Four months of what Founders need to knowOnce a week the Founders meet for company-building sessions lead by three world-class mentors. Each mentor makes a short, informative presentation on that week’s topic, and then all three work with the Founders on their respective ideas. They offer feedback and advice on every aspect of their business, from the core concept to the revenue model.
In addition to the mentor sessions, Founders meet with their assigned group twice a week to work together and foster the collaborative environment Silicon Valley is known for.
Everything the Founders are asked to do is directly related to launching their dream company.
Startup Basics and Orientation
Visions and Values
Startup Research
Naming and Branding
Startup Legal and IP
Cofounders, Hiring and Firing
Revenue, Costs and Profits
Product Development
Outsourcing, Partners and Suppliers
Marketing and Sales
Presentation and Publicity
Fundraising
Is the Founder qualified to research and select a viable business idea?
MENTOR IDEA REVIEW
Is the Founder ready to develop the product and launch the business?
MENTOR PROGRESS REVIEW
Is the business worthy of the Founder’s full-time commitment?
Graduation
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Program Cost Breakdown
• Application Fee - $50• Course Fee - $995 – before start
– Weekly event meals (not after hours drinks) – Office hours and coaching – Mentor sessions
• 3.5% to Pool – 1% to your Grad Group– 1% to local mentors – weighted – 1.5% to FI
• After fundraising of $200k - $4,500 Tuition
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Dave Parker@DaveParkerSEA
dkparker.com
www.fi.co/apply/135
Final Deadline March 17th Session Starts March 26th
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Boka @ Hotel 1000