The Founder Agreement v2
The following document is the Founder Agreement. The Founder Agreement provides various protections and benefits, including participation in shared equity upside from their peers, called a "Bonus Pool." Founders must sign Page 9 to enroll in the program. If a Founder has an existing company when entering the program, the Founder must also sign on Page 10 when enrolling, or, when a Founder creates a company in the program, the Founder must sign and upload Page 10.
Learn about joining the Bonus Pool.
The Founder Institute recommends that enrolled Founders incorporate a company in the United States, using the documents below when they incorporate in Delaware. Incorporation in the United States is three to five times faster and requires less than half the capital than incorporating in Croatia.
The following document is the Form of a Warrant in the United States that you will need to issue for your company to join the Bonus Pool and graduate from the Founder Institute. The majority of the Warrant value held by the Institute is for the benefit of Semester participants. The Warrant also provides Founders with protections against undesired terminations.
The following document is the Form of Board Consent in the United States that is required for you company to issue the Warrant above.
Since limited liability Croatian companies do not have the ability to issue Warrants, the Founder of a limited liability Croatian will sign this Conversion Agreement pledging that once the company converts to a joint stock company, it will issue the Warrants as per the Founder Agreement.