The following document is the Founder Agreement, signed by all enrolling Founders. Any referenced exhibits or related documents can be seen by scrolling below on this page. Each enrolling Founder must sign just the Founder Agreement in order to participate in the Semester. These documents provide Founders with various program benefits, including participation in the "Bonus Pool."
Learn about joining the Bonus Pool.
The following document is the Corporate Conversion Agreement that you will need to sign to join the Bonus Pool and graduate from the Founder Institute. The Corporate Conversion Agreement shares economic upside from your company with the Bonus Pool without having to issue any form of equity. This Agreement is used as a substitute for Option or Warrant Agreements that can only be issued by corporations that are more expensive and complicated to set-up. Founders can incorporate simpler and less expensive corporations and join the Bonus Pool with the Corporate Conversion Agreement, and then the company will issue Option or Warrant Agreements when they get larger and change their corporate format to accommodate growth. The majority of the Corporate Conversion Agreement value held by the Institute is for the benefit of Semester participants.
The following document is the Form of an Option Agreement in Turkey that you will need to issue for your company to join the Bonus Pool and graduate from the Founder Institute. The majority of the Option value held by the Institute is for the benefit of Semester participants. The Option also provides Founders with protections against undesired terminations.