The Founder Institute is the World's Largest Startup Accelerator, with over 550 graduate companies across 32 cities, 13 countries and 5 continents. Through our four 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.
2. 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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4. 500+
Grads
800+
Mentors
the
network
22+
75+
Ci6es
Partners
Wednesday, October 17, 12
5. The
Problem
• Star0ng
and
running
a
startup
is
hard
• There
is
no
playbook
• Success
is
rare
• We
want
to
help
entrepreneurs
avoid
deadly
mistakes
Wednesday, October 17, 12
6. Our
Philosophy
• Ideas
are
largely
irrelevant
• Great
companies
start
with
great
people
• Great
People
+
Expert
Training
+
Aligned
Incen0ves
=
Exponen6ally
Be?er
Chance
of
Success
Wednesday, October 17, 12
7. 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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8. Expert
Training
Phase
1:
Idea
Refinement Phase
2:
Business
Setup Phase
3:
Launch
Planning
1.
Startup
Basics 6.
Startup
Legal/
IP 11.
Outsourcing/
Suppliers
2.
Vision/
Values 7.
Cofounders/
Hiring/
Firing 12.
Marke0ng/
Sales
3.
Startup
Research 8.
Revenues/
Costs/
Profits 13.
Presenta0on/
Publicity
4.
Naming/
Branding 9.
Product
Development 14.
Fundraising
5.
Mentor
Idea
Review 10.
Mentor
Progress
Review 15.
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
Wednesday, October 17, 12
9. …
Taught
by
Seasoned
Founders
- Elon Musk (PayPal, Tesla) - Nolan Bushnell (Atari)
- Marc Pincus (Zynga) - Peter Guber (Mandalay Entertainment)
- Jeff Dachis (Razorfish) - Bram Cohen (BitTorrent)
- Jason Calacanis (Mahalo) - Jonathan Abrams (Friendster)
- Scott Heiferman (Meetup.com) - Naval Ravikant (VentureHacks)
- Aaron Patzer (Mint.com) - Will Bunker (Match.com)
- Michael Arrington (TechCrunch) - Jake Nickell (Threadless)
- Jon Nordmark (eBags) - Gregg Spiridellis (JibJab)
- Phil Libin (Evernote) - Luke Beatty (Associated Content)
- Jordan Greenhall (DivX) - Dan Shapiro (Ontela/Photobucket)
- Phillip Kaplan (Adbrite, Blippy) - Glenn Kelman (Redfin)
800+
Global
Mentors
Wednesday, October 17, 12
10. …
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
Wednesday, October 17, 12
11. 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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12. Growing
Worldwide
Entrepreneurship
Brussels
Berlin
Seattle Chicago Paris
San Francisco St Louis Boston Amsterdam
Silicon Valley New York
Los Angeles Washington DC
Denver Singapore
San Diego
Houston Jakarta
Hanoi
Bogotá Sydney
Santiago
Currently
in
22
loca6ons
–
30+
planned
in
2012
Wednesday, October 17, 12
13. …
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
Condi0onal
if
you
get
External
Financing
Tui6on $4,500 aqer
the
Program
*
Free
for
Bootcamp
A?endees
Wednesday, October 17, 12
15. 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
Wednesday, October 17, 12
16. Ques0ons?
Apply today at: http://fi.co/join
Wednesday, October 17, 12