Schedule

Large and fast growing markets have the power to elevate mediocre companies into greatness, and conversely, dying markets can doom otherwise solid companies. In this session, you’ll learn how to systematically research your market and gain a deep understanding of your target customer. Assignments include competitive research, defining your key business assumptions, interviewing additional potential customers, and more.

Strong unit economics are essential for a strong business. This week, you will learn the components and key metrics of different revenue models from experienced CFOs and Founders. Then, you will build a number of financial models for your ideas, speak to potential customers, select a single revenue model to pursue, and more. In addition, you will use all of the research performed to date to select your final startup idea to build in the program.

Your naming and positioning are the starting point for all of your company’s marketing. In this session, you will learn the components of great company names, and how to position your product effectively in the eyes of the consumer. By the end of the week, you will brainstorm and analyze a variety of names, and then select a final name after performing more customer research. In addition, you will build your first pitch deck, and begin interviewing law firms for your company.

A company cannot be successful without a solid legal and intellectual property foundation. In this session, you will learn all of the key concepts, processes, and requirements unique to building a technology company in your locale. Before the next session, you will then select a law firm, incorporate your company using startup best practices, and develop other key agreements, such as an advisor agreement. In addition, you will take measures to secure the IP you have created to date.

If you can’t get customers to use and pay for your product, then nothing else matters. During the session, you will learn how to “hustle” to identify and close your first customers from entrepreneurs that have done it before. Then, you will put everything you have built to the test, by releasing your first product (if you have not already), securing your first (or new) customers, testing different pricing, and more.

As new platforms and technologies mature, the rules of marketing for technology companies are constantly changing. This week is all about learning the latest strategies, “growth hacking” tactics, and tools to generate distribution and traction for your product. Assignments include identifying and building relationships with the key influencers in your industry, building a PR and distribution strategy, developing a company blog and social media presence, and more.

Every company needs capital to grow, and it can come from revenue or outside sources like investors. This finance heavy session will educate you on the different strategies, structures, and tactics for getting investment, as well as how to bootstrap and manage your company cash flow to profitability. After the session, you will consult with your Directors and Advisors to form a plan to capitalize your company, and take various steps depending on the strategy you choose.

Most people that enter the program do not make it to Graduation, because the Founder Institute curriculum is very demanding. However, the select few that Graduate have achieved several years of progress on their startup in just a few months. We typically celebrate the Graduating class with a small event attended by family members, mentors, investors, and more. Afterwards, Graduates gain access to the Founder Institute network, tools, and ongoing resources… and the real work of building and growing an enduring company begins!