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Wednesday, October 17, 12
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.




Wednesday, October 17, 12
Where	
  do	
  we	
  fit	
  in?




Wednesday, October 17, 12
500+
                              Grads
              800+
             Mentors
                               the	
  network

                               22+	
  
                    75+	
     Ci6es
                  Partners


Wednesday, October 17, 12
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
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
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)




Wednesday, October 17, 12
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
…	
  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
…	
  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
The	
  Result:	
  500+	
  Companies	
  Already

      • 550+	
  Founders	
  
           Graduated
      • 41%	
  receive	
  funding	
  
           within	
  6	
  months
      • Only	
  9%	
  of	
  companies	
  
           fail	
  in	
  the	
  first	
  18	
  
           months



Wednesday, October 17, 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
…	
  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
Some	
  Tes0monials	
  




Wednesday, October 17, 12
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
Ques0ons?

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




Wednesday, October 17, 12

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Founder Institute - Presentation

  • 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. Wednesday, October 17, 12
  • 3. Where  do  we  fit  in? Wednesday, October 17, 12
  • 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) Wednesday, October 17, 12
  • 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 Wednesday, October 17, 12
  • 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