founder institute - presentation

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.

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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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