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TheFunded Founder Institute, a unique training program, has just 25 application openings remianing before the May 10th application deadline. New and seasoned entrepreneurs are invited to apply and build a great company with the help of successful peers. The Institute has amassed an impressive group of mentors, including Trip Adler from Scribd, Michael Arrington from TechCrunch, Jason Calacanis from Mahalo.com, Scott Heiferman from Meetup, Philip Kaplan from AdBrite, Scott Painter from Zag, Mark Pincus from Zynga, and Munjal Shah from Like.com, among others. The media surrounding the launch has also been impressive, including a recent piece in the Wall Street Journal.

The 2009 Summer Semester begins on May 19th, so, just a few days remain to apply. The program is designed to protect Founder interests, train the team, and build a great company. The whole process is financially rewarding, since participating Founders win value through an exchange program. Use the site, RSS, an email mailing list, and Twitter to keep up. Enjoy!

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