Scott Duke Harris wrote an article on Bootstrapping in Silicon Valley for the San Jose Mercury News that mentions the Founder Institute. The article features two graduates: Tim Hyer of RentCycle and Jesse Hammons of Zaggle (beta).
"We don't encourage people to quit their jobs," said serial entrepreneur Adeo Ressi, who conceived the Founder Institute as an offshoot of TheFunded.com, his controversial Web site that subjects venture capitalists to anonymous reviews. "That is a legitimate funding vehicle in this financial market: Be gainfully employed."
Some Founder Institute grads were among those offering "alternative compensation" to 300 job-seekers at a recent Jobnob gathering in a Palo Alto nightspot. One was Jesse Hammons, founder of Zaggle, a new twist on social networking.
The Institute encourages bootstrapping, as well as various funding options, for Founders in the program.
