HOTB Software Solutions
HOTB is a highly experienced software development company that provides in-kind angel capital to startup entrepreneurs with a viable technology based business. HOTB helps startups bridge the gap between their friends and family round and their venture capital round by subsidizing expensive technology needs. HOTB specializes in building custom software platforms to provide certainty of execution, experience, credibility, security and compliance. Additionally, HOTB Ventures has been formed for instances of passive investment when software development is not needed.

Manatt
Manatt, Phelps & Phillips, LLP is known for quality, for extraordinary commitment to clients, for integrated, relationship-based services, and for a range of capabilities typically found only in boutique firms. We are progressive and entrepreneurial compared to other major firms, and we are deeply committed to diversity, to public service, to involvement in the communities we serve and to excellence in all we do.

TriNet
Tech companies partner with TriNet Passport to compete for top talent by using our bundled HR products that cover the core services of payroll, fortune 100 benefits, risk and compliance, a scalable HR team all on a cloud platform. TriNet reduces the time businesses spend managing HR and administrative issues while providing enterprise-grade cloud capabilities. This enables entrepreneurs and management to focus on what’s important from raising funds to driving revenue. Join hundreds of executives in high tech who have experienced the TriNet Passport difference, working for companies in hardware, software, SaaS and telecommunications. Contact choy.chew@trinet.com for more information.

Eureka
The Eureka Building is a 3-acre technology campus in Irvine, California designed to help accelerate innovation. Founded in 2014 by Peter Polydor, our goal is to support local entrepreneurship by giving innovative companies and entrepreneurs in Orange County a home that is centrally located and easy to access. Through partnerships we are more than just a home, but are a support network hosting startup events while fostering mentorship relationships with our partners all within one of the most creative spaces in the region.

CrashLabs
CRASHLABS IS A VIBRANT COWORKING AND EVENTS COMMUNITY THAT ENHANCES WORK/LIFE BALANCE FOR THE NEW ECONOMY OF UNTETHERED WORKERS. CRASHLABS OFFERS CREATIVE AND FLEXIBLE SPACES SUCH AS OPEN DESKS, DEDICATED DESKS, PRIVATE OFFICES, AND EVENTS SPACE THAT SERVE EVERYONE FROM THE INDIVIDUAL TO CORPORATIONS.

Real Office Centers
At ROC you’ll find a cohesive and progressive working environment with professional support for entrepreneurs, innovators, and today’s leaders. Beyond merely providing the physical workspace, we contribute to your capital growth by facilitating innovation, inspiration, and collaboration. With professional support services, educational events, and a stimulating environment, ROC is where you and your company will grow. Our open-source work environment and friendly staff complete with private receptionists keep business running smoothly. ROC handles day-to-day operations and facility management so your company can focus on what it does best.

Should You Apply to the Founder Institute? by Stefan Broda

Posted by Jonathan Greechan on 2013-04-11

Founder Insight gives you feedback from the startup trenches.

In this post from his blog, Founder Institute graduate, Stefan Broda, Founder of BeforeWeDo, shares his experience with the Silicon Valley Founder Institute. His honest and candid feedback is a must-read for any entrepreneur considering the program. Thinking of applying? Check out what Stefan had to say about mentor feedback, networking, time commitment, assignments, and more.

Below, Stefan's short version of "Should You Apply to the Founder Institute? My Pros / Cons and Tips Shared After Graduation" has been republished.

 

Short version - for the busy reader


The Founder Institute is a 4 month startup acceleration / incubation program that uses top-down style classes (remember high school?), assignment and a pitch-driven approach to help you to formulate and drive startup ideas from first thought to incorporated business.

 

What was awesome about it:

  • Structured, well organized acceleration program that you apply to yourself and your own idea and later startup
  • Assessment to see whether you are the right fit for a startup entrepreneur lifestyle and to help you develop personally and qualify your idea
  • Great resources for each class (previous recorded talks, reading, templates)
  • Fellows during the program and graduates after the program form a strong peer-support community. This is especially important after graduation as you will continue to motivate each other to maintain a sense of urgency and professionalism for each other! Also helps that after graduation, we own small parts of each others' companies ;-)
  • A great partner network - graduates will have access to special deals with vendors such as Rackspace, First Republic Bank, etc.


If the course fee and the 3.5% equity contribution are of concern to you, I suggest to read the Quora article on Is the Founder Institute a good deal for entrepreneurs? Why or why not?.


What you should know:

  • Not very lean yet. 4 months are a long time for a lean startup to go through one serial curriculum of topics. I’d like an incubator to adopt lean practices, enforce iterative Build-Measure-Learn cycles with review milestones with standardized metrics at which point the founder either decides to stay on course or pivot.
  • Come with thick skin and expect some tough love. Feedback will be brutally honest which is great! However with one out of 25 Mentors or so... the feedback can even get a bit personal/mildly abusive. I’d like FI to keep up the brutal honesty but lets keep it professional at all times. At those times, just thank the judge and don’t talk back.
  • Assignments are a lot of work but at the end, you don’t receive feedback on it from FI. So make sure you do them for yourself and your startup.
  • It's just part time. So if you already quit your job, this might not be enough of a structure for you to accompany your startup every day. So don’t rely on FI to manage your daily life but see it as an accompanying program.



Early Conclusion (see more below):

  • Definitely apply if you are still in a job and would like help in figuring out if your idea or you are Startup ready
  • Apply when you are new to the West Coast and want to build your advisory / mentor network.
  • Apply when you want to further your personal development and further strengthen your entrepreneurial toolbox.



For me, number 2 and 3 applied and for me, the Founder Institute was an awesome experience!


Convinced it's the right fit for you? Then go ahead and apply!


To read the full version of Stefan's experience with FI, click here and be sure to follow him on Twitter @stefanbroda for more updates, insights, and valuable feedback.

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