fi montreal spring 2014 april 29 orientation escobar

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Orientation Session The Founder Institute http://FI.co/ Montreal – Canada Spring 2014

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Page 1: FI Montreal Spring 2014 April 29 Orientation Escobar

Orientation Session

The Founder Institute

http://FI.co/

Montreal – Canada

Spring 2014

Page 2: FI Montreal Spring 2014 April 29 Orientation Escobar

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

Page 3: FI Montreal Spring 2014 April 29 Orientation Escobar

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

Page 4: FI Montreal Spring 2014 April 29 Orientation Escobar

Who Are You?Who Are You?Who Are You?Who Are You?

Page 5: FI Montreal Spring 2014 April 29 Orientation Escobar

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

Page 6: FI Montreal Spring 2014 April 29 Orientation Escobar

http://vimeo.com/36499872

Page 7: FI Montreal Spring 2014 April 29 Orientation Escobar

welcome

Page 8: FI Montreal Spring 2014 April 29 Orientation Escobar

enduring

meaningful

Page 9: FI Montreal Spring 2014 April 29 Orientation Escobar

Can you…

run it for 20 years?

Page 10: FI Montreal Spring 2014 April 29 Orientation Escobar

Can you…

create 500 jobs?

Page 11: FI Montreal Spring 2014 April 29 Orientation Escobar

Can you…

change 1MM lives?

Page 12: FI Montreal Spring 2014 April 29 Orientation Escobar

program

Page 13: FI Montreal Spring 2014 April 29 Orientation Escobar

The Process

months

14

Sessions

1

Evening

20+

Hoursper week per week

Page 14: FI Montreal Spring 2014 April 29 Orientation Escobar

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

Page 15: FI Montreal Spring 2014 April 29 Orientation Escobar

73%Test Accuracy

You are strong

Page 16: FI Montreal Spring 2014 April 29 Orientation Escobar

80+Hours per Week

Founding is hard

Page 17: FI Montreal Spring 2014 April 29 Orientation Escobar

60%Drop Out

The program is hard

Page 18: FI Montreal Spring 2014 April 29 Orientation Escobar

90%Grad Survival

The program works

Page 19: FI Montreal Spring 2014 April 29 Orientation Escobar

personal

Page 20: FI Montreal Spring 2014 April 29 Orientation Escobar

hard work

excellence

leadership

Page 21: FI Montreal Spring 2014 April 29 Orientation Escobar

business

Page 22: FI Montreal Spring 2014 April 29 Orientation Escobar

good idea

corporation

growth plan

Page 23: FI Montreal Spring 2014 April 29 Orientation Escobar

methods

Page 24: FI Montreal Spring 2014 April 29 Orientation Escobar

sessions

Page 25: FI Montreal Spring 2014 April 29 Orientation Escobar

hotseats

Page 26: FI Montreal Spring 2014 April 29 Orientation Escobar

Working Groups

working groups

Page 27: FI Montreal Spring 2014 April 29 Orientation Escobar

assignments

Page 28: FI Montreal Spring 2014 April 29 Orientation Escobar

dropping out

Page 29: FI Montreal Spring 2014 April 29 Orientation Escobar

Do the Work?

Build the

Business

Get More

Work

Graduate Drop Out

Y N

Page 30: FI Montreal Spring 2014 April 29 Orientation Escobar

weak idea

low effort

bad attitude

Page 31: FI Montreal Spring 2014 April 29 Orientation Escobar

It’s OK to drop out.

100% refund in first week.

Page 32: FI Montreal Spring 2014 April 29 Orientation Escobar

bonus pool

Page 33: FI Montreal Spring 2014 April 29 Orientation Escobar

You give

3.5% of your company in

warrants.

Page 34: FI Montreal Spring 2014 April 29 Orientation Escobar

15% Institute

25% Director

30% Founders

30% Mentors

Page 35: FI Montreal Spring 2014 April 29 Orientation Escobar

closing

Page 36: FI Montreal Spring 2014 April 29 Orientation Escobar

You are responsible for

your own success.

Page 37: FI Montreal Spring 2014 April 29 Orientation Escobar

Everything in the Institute

is a test because

startups are hard.

Page 38: FI Montreal Spring 2014 April 29 Orientation Escobar

There is no right way to make

your dream company.

Page 39: FI Montreal Spring 2014 April 29 Orientation Escobar

thank you

Page 40: FI Montreal Spring 2014 April 29 Orientation Escobar

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