WSGR
Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology, life sciences, and other growth enterprises worldwide. We represent companies at every stage of development, from entrepreneurial start-ups to multibillion-dollar global corporations, as well as the venture firms, private equity firms, and investment banks that finance and advise them. The firm's broad range of services and practice areas are focused on addressing the principal challenges faced by the management, boards of directors, shareholders, and in-house counsel of our clients.

Ravix
Ravix Group provides seasoned consulting expertise to outsource the finance, accounting and human resources functions for early-stage and middle market companies.

100Vets

 

Through the 100Vets 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 each chapter 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 100Vets 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 http://FI.co/vets.


Eligibility: In order to be eligible for the 100Vets Fellowship for the upcoming semester, you must complete your application and admissions test by Sunday, June 19th, 2016, using this link.


Grant: The recipient of the 100Vets Fellowship will be awarded within 5 days after the deadline.


Click here to apply for the 100Vets Fellowship.


Silicon Valley is a collaborative ecosystem, where people of all skill sets, backgrounds, and experiences share ideas, best practices, metrics, and feedback. Why? Because helping each other and sharing expertise leads to faster iteration, more efficient innovation, and faster market growth.

To create and foster a similar collaborative culture in markets across the globe, the Founder Institute developed a groundbreaking "Shared Liquidity Pool" where everyone shares equity in the companies formed from each program cohort. 

Here's how it works - each Founder Institute Graduate contributes 3.5% of their company equity in Warrants to a 10-year Bonus Pool with other peers from the current semester. When a liquidity event occurs, the Pool returns are then distributed as follows:

When one Graduate company succeeds, every participant from that program cohort receives financial upside. 

 

Why Shared Liquidity?

There are several main benefits to the Founder Institute's Shared Liquidity model;

Teamwork

Starting a technology company is one of the hardest and loneliest things you can do. As Elon Musk once famously said, "Entrepreneurship is like eating glass and staring into the abyss."

By joining the Shared Liquidity Pool, aspiring founders ensure themselves a strong support network of new founders just like them, and experienced startup Mentors, who are all vested in their success. In addition, the higher a mentor is rated by the Founders in a cohort, the larger their share of the 30% Mentor allocation becomes. As a result, Mentors are incentivized to help Founder Institute Graduates, and many Mentors become formal advisors or investors as well.

When smart people work together towards a common goal, amazing things can happen.  

Community Development

The Founder Institute's Vision is to “Globalize Silicon Valley” and help entrepreneurs across the globe launch meaningful and enduring technology companies. The Shared Liquidity Pool is a key component of our strategy.

 

Diversification

The likelihood of one company being successful is small, whereas the likelihood of one successful exit out of 10 companies (the size of an average Founder Institute Graduate cohort) is very high. By joining the Shared Liquidity Pool, you are diversifying your startup risk, while investing in expert mentorship and upside in your peers.

This diversification strategy has been successfully leveraged by top startup CEOs in Exchange Funds. The Institute innovated on the Exchange Fund model by taking very early stage companies and mandating that each Founder or Founding Team gets one share of the Shared Liquidity Pool in exchange for one fixed amount of equity, 3.5%.

 

Performance

Even in small acquisitions of $5 MM or less, the financial return from the Shared Liquidity Pool far exceeds the average Course Fee by multiple times. In 2012, approximately two years after the inaugural semester graduated, the Institute had a first exit in the $5 MM range. This exit returned approximately 10 times the Course Fee for each Founder in the Shared Liquidity Pool. The Founder Institute predicts that exits from any one semester will occur between five and ten years after the semester ends, which is slightly longer than for the average angel funded startup.

After two years, the average Founder Institute semester with 10 companies has results resembling the following:

The very first semester of the Founder Institute, which is now nearly three years old, has a post money valuation determined by private company investors in excess of $300,000,000. Since investor valuations are normally much smaller than acquisition values, the oldest Founder Institute semester may be worth in excess of a billion dollars today. Many checks have already been mailed from that cohort, and we expect many more as well!

More questions about the Founder Institute Shared Liquidity Pool?  See our Liquidity Pool FAQ


 

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