Shulman Rogers
Shulman Rogers, a full service law firm with nearly 100 attorneys, provides corporate services including business planning, mergers and acquisitions, securities, employment, intellectual property, immigration, government contracting, tax, telecommunications, cybersecurity, corporate governance, as well as other areas. In addition, the firm has vast experience in real estate transactions, both commercial and residential closings, leasing, landlord-tenant, commercial development, acquisition, sales and related matters. Our litigators offer extensive experience in complex litigation, and all methods of dispute resolution including mediation and arbitration. Personal legal services include trust and estate planning, family law, real estate settlements, medical malpractice and personal injury.

Startup Our Vets

 

Through the Startup Our Veterans Fellowship, any U.S. veteran or service member who wants to start a technology company can apply to a U.S. Founder Institute chapter for free, and the best overall applicant from Washington DC will be invited to participate in the Founder Institute's step-by-step startup launch program for free as well.


Veterans and active service members possess the work ethic, high character, and strong leadership skills needed to launch meaningful and enduring technology companies. To inspire and enable the military community to build technology companies, the Founder Institute has partnered with Vet-Tech, the nation's leading startup accelerator for military veterans, to offer the "Startup Our Veterans" Fellowship.

Through this Fellowship, any U.S. veteran or service member who wants to start a technology company can apply to a U.S. Founder Institute chapter for free, and the best overall applicant from will be invited to participate in the Founder Institute's step-by-step startup launch program for free as well.

Learn more about the program at FI.co/vets.


Eligibility: In order to be eligible for the Startup Our Veterans Fellowship for the Washington DC Spring 2016 Semester, you must complete your application and admissions test by Saturday, April 30, 2016, using this link.


Grant: The recipient of the Startup Our Veterans Fellowship will be awarded within 5 days after the deadline.


Click here to apply for the Startup Our Veterans Fellowship.


Planning Solutions Group
Planning Solutions Group is a financial planning firm that specializes in developing innovative concepts for wealth creation and preservation. PSG is comprised of 3 partners with over 60 years of combined industry experience, a team of associate planners, and a dedicated support staff which includes two an attorney who provides advanced estate and tax planning solutions, and a Chartered Financial Analyst (CFA) for the development of creative investment strategies.

CONNECTPreneur

 

The CONNECTPreneur Fellowship is awarded to the most extraordinary applicant from the  CONNECTPreneur Community, giving them the opportunity to enroll in the Washington DC Founder Institute for free. The recipient will be recognized as somebody with the utmost potential to become a successful technology entrepreneur.


The Washington DC Founder Institute is excited to partner with an organization that shares our goal of fostering a strong local startup ecosystem: CONNECTPreneur, a quarterly forum of 350+ top IT entrepreneurs and investors in greater Washington DC region. Through the CONNECTPreneur Fellowship, everyone from the CONNECTPreneur community is invited to apply to the Washington DC Founder Institute for free, and the best overall applicant from the community will receive a Fellowship to participate in the program for free as well ($1,650 value).


Eligibility: In order to be eligible for the CONNECTPreneur Fellowship for the Washington DC Spring 2016 Semester, you must complete your application and admissions test by April 3, 2016, using this link.


Grant: The recipient of the CONNECTPreneur Fellowship will be awarded within 5 days after the deadline.


Click here to apply for the CONNECTPreneur Fellowship.


Founder/ Advisor Standard Template ("FAST")

 

As the world's largest entrepreneur training and startup launch program, the Founder Institute looks to help solve problems for entrepreneurs that threaten innovation.

One significant problem that faces the Founder Institute's 2,100 Graduate companies and 4,400 Mentors is forming an advisor agreement. We have gotten literally hundreds of advisor agreements to review - and every one is different.

It shouldn't be complicated to set-up a framework around a simple desire for Mentors to lend a hand, and for startups to get help. 

As a result, we created “FAST” (Founder/ Advisor Standard Template), which outlines standard terms and allows an advisor agreement to be set by simply checking a few boxes and signing the dotted line. The goal is to encourage more collaboration between experienced and new Founders, both inside the Founder Institute and out.

Simply check the level of engagement, sign the agreement, and start the relationship. There is no longer the need for cumbersome negotiation, legal drafting and review.

The FAST Agreement

With just a signature and a checkbox on the FAST agreement, entrepreneurs and advisors can now agree in minutes on how to work together, on what to accomplish, and on the right amount of equity compensation. 

Simply check the level of engagement, sign the agreement, and start the relationship. There is no longer the need for cumbersome negotiation, legal drafting and review.

Download

FAST version 27 is being refined based on feedback. If you have comments, please Contact form linked to at the bottom of this page to submit them.

Engaging an Advisor

Entrepreneurs should engage with advisors carefully. Just because someone has a good name or has domain expertise does not mean that they are a good advisor or that there is the necessary level of good chemistry. The Founder Institute recommends that an entrepreneur work with a potential advisor for at least one month and spend at least 8 hours together before discussing the FAST agreement.

A classic approach for an entrepreneur to engage an advisor might follow the following outline.

The FAST Agreement

With just a signature and a checkbox on the FAST agreement, entrepreneurs and advisors can now agree in minutes on how to work together, on what to accomplish, and on the right amount of equity compensation. There are three levels of company maturity that influence the equity compensation: idea, startup, or growth. There are also three levels of engagement for an advisor that also influence the compensation: standard, strategic, or expert. So, for example, if an advisor provides an early-stage startup with an expert level of help by meeting with the team monthly, recruiting some talent, and taking a customer call, then that advisor will earn 1% of the company in the form of restricted stock or options vesting over a two year time period; while a similar level of engagement for a growth stage company is compensated with just 0.6%. The FAST equity compensation framework is outlined below, and the full agreement explaining everything follows.

  Idea Stage Startup Stage Growth Stage
Standard: Monthly Meetings 0.25% 0.20% 0.15%
Strategic: Add Recruiting 0.50% 0.40% 0.30%
Expert: Add Contacts & Projects 1.00% 0.80% 0.60%

FAST FAQ

Why should I use the FAST agreement?

The FAST agreement is designed to save time and money negotiating advisor relationships. There is just one page to fill out, and no legal assistance is necessary.

Can I modify the FAST agreement?

The FAST agreement is free and can be modified as you need.

Why compensate advisors with equity only?

The advisors that the FAST agreement targets are founders and high-level executives for strategic advice through advisory board roles, and these advisors are normally compensated with equity. The FAST agreement is not designed for traditional project consulting and "work for hire" relationships.

How much equity should I allocate to advisors? 

The FAST Agreement recommends standard equity grants for an individual advisor. It is not uncommon for a technology startup to have a 5% pool of equity allocated to a group of strategic advisors or an advisory board. 

What about localizing FAST to other countries?

The goal is to bring FAST to the six continents and all of the countries where the Founder Institute operates by the beginning of 2016. Want to help localize FAST? Please Contact form linked to at the bottom of this page to submit them.

 

 

Feedback Form

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