fi montreal spring 2014 april 29 orientation escobar
TRANSCRIPT
Orientation Session
The Founder Institute
http://FI.co/
Montreal – Canada
Spring 2014
AGENDA – ORIENTATIONApril 29, 2014
6:30 – 6:40 PM Director Welcome
6:40 – 7:30 PM Founder Introductions (42 enrolled founders)
7:30 – 8:00 PM Program Orientation
8:00 – 8:30 PM Q & A
8:30 – 9:00 PM President Selection
2+ Hours Coffee - Drinks
Sergio A. Escobar
Entrepreneur, winner of 2 TOYP Awards fromJunior Chamber International, founded startups(E-commerce, Mobile Payments) and sme’s(meat packing plant, manufacturing, agri-food), former Director of the Angel Investors Challenge(Anges Québec). Director of NEXT pre-accelerator.Co-Director of Founder Institute in Montréal.Hobbies: Salsa y Merengue ☺
“The entrepreneur in us sees opportunities everywhere we look, but many people see only problems everywhere they look”
- Michael Gerber
@SergiusEscobar
Who Are You?Who Are You?Who Are You?Who Are You?
AGENDA – ORIENTATIONApril 29, 2014
6:30 – 6:40 PM Director Welcome
6:40 – 7:30 PM Founder Introductions (42 enrolled founders)
7:30 – 8:00 PM Program Orientation
8:00 – 8:30 PM Q & A
8:30 – 9:00 PM President Selection
2+ Hours Coffee - Drinks
http://vimeo.com/36499872
welcome
enduring
meaningful
Can you…
run it for 20 years?
Can you…
create 500 jobs?
Can you…
change 1MM lives?
program
The Process
months
14
Sessions
1
Evening
20+
Hoursper week per week
The Program
Idea Business Launch
1. Orientation
2. Vision
3. Research
4. Revenue
5. Naming
6. Mentor Idea Review
7. Startup Legal
8. Team
9. Product
10. Mentor Progress Review
11. Sales
12. Branding
13. Fundraising
14. Graduation
73%Test Accuracy
You are strong
80+Hours per Week
Founding is hard
60%Drop Out
The program is hard
90%Grad Survival
The program works
personal
hard work
excellence
leadership
business
good idea
corporation
growth plan
methods
sessions
hotseats
Working Groups
working groups
assignments
dropping out
Do the Work?
Build the
Business
Get More
Work
Graduate Drop Out
Y N
weak idea
low effort
bad attitude
It’s OK to drop out.
100% refund in first week.
bonus pool
You give
3.5% of your company in
warrants.
15% Institute
25% Director
30% Founders
30% Mentors
closing
You are responsible for
your own success.
Everything in the Institute
is a test because
startups are hard.
There is no right way to make
your dream company.
thank you
WORKING GROUPS
• President of the Group
• Strategy to make the Working
Group successful
1. Black
2. Blue
3. Brown
4. Gray
5. Green
6. Magenta