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Vet-Tech is the nation's leading startup accelerator for military veterans. With a national network of over 60 veteran led startups in its portfolio, Vet-Tech provides veteran entrepreneurs with expert mentorship, access to funding and helps establish corporate partnerships,

How the Founder Institute Uses Data to Make Entrepreneurs, by @AllThingsD

Posted by Jonathan Greechan on 2012-09-30

Earlier today Liz Gannes of All Things Digital analyzed the Founder Institute's founder and data-driven approach to scaling entrepreneruship in an article titled "Adeo Ressi's Theory of Quantitative Entrepreneurship."

According to Gannes, "Ressi says his Founder Institute doesn’t have a formula for creating start-ups, but instead for identifying and nurturing people who create start-ups. 'We make entrepreneurs. We take people off the streets and turn them into entrepreneurs,' Ressi said in a recent interview about the four-month mentorship program he founded. As compared to start-up accelerator programs like Y Combinator and 500 Startups, he said of the Founder Institute, 'We mine diamonds; other programs make jewelry.”'

In addition, Liz explains how the Founder Institute meticulously tracks data on each Founder in the program (through a "Founder Dashboard"), relying heavily on this data across all phases of the program; including admissions (a "Predictive Admission Test" that analyzes an applicant's aptitude and personality), progress in the program (ratings from program mentors), and the allocation of equity from the Shared Liquidity Pool (mentors receive a larger share of the pool by providing more help to the companies). 

Although the application process and four month program is has been described as rigorous, the goal is ensure graduates are successful and ready to take on the challenges of launching and operating a company. If you think you’ve got what it takes, apply today

Read the full article on All Things Digital here, and check out a screenshot of the Founder Institute's "Founder Dashboard" below;



If you are thinking to launch a technology company and could use expert training and feedback, click here to apply to the Founder Institute today. Applications are currently open in over 20 locations. 

How the Founder Institute Uses Data to Make Entrepreneurs, by @AllThingsD

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