Location
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Silicon Valley Spring 2013
Applications: Mar 17, '13
Sessions: Apr 01, '13 - Jul 09, '13
Vision
Our vision is to Globalize Silicon Valley by creating and fostering local startup ecosystems in promising markets across the globe. We aim to help launch 1,000 technology companies per year in over 50 cities worldwide.
Sponsors
Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology and growth enterprises worldwide, as well as the investment banks and venture capital firms that finance them. Over the past four decades, Wilson Sonsini Goodrich & Rosati has established its reputation by having an unmatched knowledge of its clients' industries and deep and long-standing contacts throughout the technology sector. The firm's legal expertise serves clients at all stages of growth, from venture-backed start-up companies to multibillion-dollar global enterprises. The firm's clients include some of the most recognized names in the technology, retail, life sciences, venture capital, and finance sectors. The firm has offices in Austin, Palo Alto, New York, San Diego, San Francisco, Seattle, Shanghai, and Washington, D.C.
First Republic Bank and its subsidiaries provide private banking, private business banking and the full range of wealth management services with an emphasis on exceptional relationship-based service and a solid commitment to responsiveness and action.
Ravix Group - Ravix Group Inc.provides seasoned consulting expertise to outsource the finance, human resources, and facilities functions of early-stage and middle market companies so that management can focus on their priorities to increase the value of their company.
Purplepatch Services is a strategy consulting firm offering technology firms Marketing Communications and User Experience Design solutions.
Founder Institute Surpasses 500 Companies Launched, Looks to Expand to New Markets
By recently graduating 10 Winter semesters, the Founder Institute has now launched exactly 500 technology companies across 26 cities and five continents on the anniversary of our three years in operation. Our goal, however, is to launch 1,000 companies per year in 35 cities worldwide, so we are looking for the next great emerging startup hubs to launch our program and jumpstart local startup ecosystems.
VentureBeat covered the news here. Leave us notes in their comments - where should we expand to next?
The Founder Institute is now on pace to launch an average of two companies per day worldwide, and our growth is accelerating. The Institute currently has over 400 enrolled entrepreneurs across our 15 currently operating semesters. When these chapters Graduate at the end of the Summer, we expect to surpass 700 companies launched.
Our model for expansion works because, rather than trying to bring entrepreneurs from other markets to Silicon Valley, we "Globalize Silicon Valley" and create sustainable, local startup ecosystems in new markets from the ground up. In particular:
- We gather the experienced founders and leaders in the ecosystem to run local chapters, and these Directors provide the next generation of founders with structured training and expert feedback.
- We screen local applicants using a proprietary Predictive Admissions Test, which was developed with leading social scientists and is regularly calibrated to identify personality traits of successful entrepreneurs.
- We leverage a network of over 900 global Mentors, bringing top-rated US Mentors to international markets to share their knowledge and provide a global perspective.
- We emulate the teamwork and pay-it-forward culture of Silicon Valley in local markets through our unique Graduate Liquidity Pool, which shares the equity upside from each graduating class with the local graduates, Mentors, and chapter Directors.
When surveyed, the main motivation for the 42 local Directors is to help the next generation by bringing people together, to build the local ecosystem, to participate in a global network, and to learn from the lessons of others. If you are interested in bringing a chapter to your city, you can apply to be a leader here.
