Founder Institute - Presentation

Wednesday, October 17, 12

http://founderinstitute.com/r/sdu










































































































































































































































































































































































































































































































































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.


Where do we fit in?


the network

500+Grads

800+Mentors

22+ Ci6es75+

Partners


The Problem

• Star0ng and running a

startup is hard

• There is no playbook

• Success is rare

• We want to help

entrepreneurs avoid

deadly mistakes


Our Philosophy

• Ideas are largely irrelevant

• Great companies start with

great people

• Great People

+ Expert Training

+ Aligned Incen0ves =

Exponen6ally Be?er

Chance of Success


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)


http://bit.ly/i74EO4




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


… 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


… 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


The Result: 500+ Companies Already

• 550+ Founders

Graduated

• 41% receive funding

within 6 months

• Only 9% of companies

fail in the first 18

months


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


… 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


Some Tes0monials


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


Ques0ons?

Apply today at: http://fi.co/join


Founder Institute - Presentation

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Transcript of Founder Institute - Presentation