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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.

.CO is the web address where the world’s innovators, entrepreneurs, businesses and brands come together to build and grow their ideas and organizations online.

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.

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.

Vet-Tech is America's Veteran-led Startup Accelerator headquartered in Silicon Valley. With over 100 military veteran startups in our community, Vet-Tech's top 20 portfolio companies have raised over $10 Million in funding and have been accepted into world class programs like Tech Stars and Founder Institute.

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.

Startup Toolkit: Discovering Your Idea

Posted by Joe Garza on 2017-04-26

If you are new to the world of entrepreneurship, launching a startup can seem like a daunting task. Let’s be honest, it is. In fact, countless individuals have abandoned their entrepreneurial dreams to avoid scaling the precipitous path of entrepreneurship.

For those of you who find yourselves hesitant about taking that first bold step, the Startup Toolkit is here to equip you with the knowledge you need to help make your dream company a reality. Each installment consists of expert, up-to-the-minute resources addressing the challenges every fledgling founder must overcome.

This first installment focuses on the importance of conceiving an applicable idea. Granted, a good idea isn't the only thing you need, but it is a necessary first step. For most people, however, coming up with the next Google is much easier said than done. Here are a few ways to get your entrepreneurial creative juices flowing and to verify that your idea is feasible.

How to Create a Million-Dollar Business This Weekend

This blog post by Tim Ferriss, entrepreneur, angel investor, public speaker, and author of The 4-Hour Work Week, simplifies the process of coming up with a winning startup idea by:

  • Conducting research on something people are willing to spend money on
  • Determining if there is a large enough pool of potential customers
  • Calculating the value of the average customer
  • Making small calculated bets on ideas to validate them.
The truth of the matter is that you don’t have to spend a lot of time building the foundation for a successful business. In most cases, it shouldn’t take you more than a couple days.”

Ideation: How to stumble upon a great business idea.

Here, Viktoras Jucikas shares his thoughts on how to put your mind in an idea-generation state, and how rethinking problems and existing solutions can lead to great ideas. Here are just a few of Viktoras’ tips:

  • Refashion random ideas inspired by everyday problems.
  • Copy a proven idea and paste it in a different market.
  • Determine ways to make the impossible possible.
  • Combine two more existing ideas into one unique idea.
At the very heart of every idea lies the problem you’re trying to solve. What problems do you notice? What do your friends complain about? What would you wish was there but is not?”

How to Find an Idea for Your Startup, Even If You Don’t Know Where to Start

In this blog post, Zapier Co-Founder Wade Foster delineates various idea-creating habits that anyone can employ, as well as several beginner tips on how to identify good ideas. Tips include:

  • Hanging out with people who already have a lot of ideas.
  • Observing everyday routines and figuring out how they can be improved.
  • Getting into the habit of creating at least 10 ideas everyday, regardless of quality.
  • Learning from past entrepreneurs and how they became successful.
Coming up with good ideas is a skill. It’s not something you’ll be good at if you’ve never practiced coming up with good ideas. The best way to get good at coming up with ideas is to come up with a lot of ideas.”

Starting a Business: The Idea Phase

This excerpt from Start Your Own Business, 5th Edition is aimed at people who are hesitant about launching a business or maybe confused about what those first few steps may be.

  • List five to seven things you like to do or that you're really good at, as well as things that you don't think you're good at or you don't like to do. From that list, determine what products or services would make your life easier or happier, make you more productive or efficient, or simply give you more time.
  • Listen to your own (or your co-workers', family's or neighbors') frustrations; many ideas may come from just looking around you.
  • Take any preexisting ideas and customize them to the times and your community.
People always wonder if this is a good time to start their business idea. The fact is, there's really never a bad time to launch a business.”

(Image of attractive businesswoman pulling rope with idea image by Shutterstock)

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Startup Toolkit: Discovering Your Idea

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