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.
Form of the Option
The Founder Institute recommends that enrolled Founders incorporate a company in the United Kingdom. Incorporation in the United Kingdom is three to five times faster and requires less than half the capital than incorporating in Portugal.
The following document is the Form of an Option in the United Kingdom 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.
Form of Board Consent
The following document is the Form of Board Consent in the United Kingdom that is required for you company to issue the Option above.
Corporate Conversion Agreement
The following document is the Corporate Conversion Agreement that you will need to sign for your company to join the Bonus Pool and graduate from the Founder Institute if you decide to incorporate in Portugal, instead of the United Kingdom. The majority of the value allocated to the Institute through this agreement is redistributed to Semester participants. The Corporate Conversion Agreement also provides Founders with protections against undesired terminations.
Call Option Agreement
This is an old Agreement that is here for reference only. It has been replaced by the Corporate Conversion Agreement above.