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.

CodigoDelSur
CodigoDelSur is a designer and developer of digital products. Having worked with Founder Institute startups in the past, they come as a highly recommended Founder Institute referral. They are composed of highly skilled software, web, and mobile app developers, who are excited to incorporate the latest technologies into the applications they develop.

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, December 11th, 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.


Xero
Xero is everything you need to run your business financials. Work with a beautiful small business accounting software complete with accounting, invoicing, payroll, inventory and more. Xero seamlessly integrates with over 500+ business apps, including CRM, point-of-sale, time tracking, ecommerce, just to name a few. Join the 700,000+ businesses using Xero in more than 180 countries.

Startup Weekend

 

Through the Startup Weekend Fellowship, members of the Startup Weekend Community who want to start a technology company can apply to the Silicon Valley Founder Institute chapter for free, and the best overall applicant will be invited to participate in the Founder Institute's step-by-step startup launch program for free as well.



Eligibility: In order to be eligible for the Startup Weekend Fellowship for the upcoming semester, you must complete your application and admissions test by Sunday, December 11th, 2016, using this link.


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


Click here to apply for the Startup Weekend Fellowship.


Top Four Tips on How To Develop a Good Startup Idea, According to Matthew MacFarlane

Posted by Joe Garza on 2014-04-22

Budding founders on the path of entrepreneurship are more likely to create successful startups if they keep a few key ideas in mind, according to Matthew MacFarlane, investment director of Yuuwa Venture Capital.

Matthew MacFarlane will speak at the forthcoming Perth Founder Institute event, Startup Funding 101: How to Work With an Investor.

Below are MacFarlane’s four tips on how entrepreneurs can develop good startup ideas, as described by Rose Powell in an article on StartupSmart titled Top four tips from a venture capitalist on how to develop a good start-up idea.

Commercialization and customer understanding before product

A prevalent quandary startups struggle with is conceiving a viable business model around a preexisting product. MacFarlane says that founders should not build anything before establishing how it will make money.

The biggest challenge for many startups ideas is people are more focused on the product than the commercial potential. They’re excited about how cool the technology is but haven’t worked out how it’s actually ever going to make money.” - Matthew MacFarlane

Make sure your potential customers actually care and maybe even cry

Founders should go a step beyond merely asking what their potential customers want, and determine if customers would cry if a product or service was taken away. A definitive demand for a product or service needs to be ascertained prior to effectuating a business model.

You need to know how badly do customers need what you’re offering so you can work out what would they pay for it. The more likely they’ll cry, the more they’ll pay. You need to aim to create something where if you told them your service was shutting down, there should be an outcry.”

Go to a Startup Weekend if you’ve never developed an idea into a product before

Startup Weekends are propitious for growing startup ecosystems, and product developers have found them immensely helpful.

One of the absolutely best ways of learning how to start-up is go to a Startup Weekend. Because in two days of your life, you realise exactly what steps a startup needs to go through to take an idea to execution.”

Don’t avoid the emotional stuff

Co-founders who don’t resolve personal issues and clearly delineate the division of responsibilities run the risk of encountering obstacles in the future. Getting tough conversations about roles and equity out of the way prior to any startup endeavor is crucial.

The other challenge that is relevant for all entrepreneurs is the issue of co-founders and sorting that out early. People tend to ignore this because it’s emotive and touchy feely, but when you do, it almost always causes problems.”

(Young businessman thinking in front of a wall with cloud thought above his head photo by shutterstock)

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Top Four Tips on How To Develop a Good Startup Idea, According to Matthew MacFarlane

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