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TheFunded Founder Institute is launching a new semester in the Bay Area from December, 2009, until March, 2010. The Institute is currently accepting applications for founders in Washington DC, Seattle, and New York, and launched a successful semester in San Diego.

The program is run by founders for founders, providing a framework for successful entrepreneurs to share their experiences and to provide guidance. The Institute set out to (1) identify strong entrepreneurs through a quantitative testing model, (2) provide these entrepreneurs with the best training available to build a technology company, and (3) ensure that the graduating entrepreneurs have the proper incentives and support to succeed. Read the comments in this TechCrunch article to see feedback from 54 companies that have graduated from the program.

The Bay Area semester is amassing a strong group of Mentors, including Aaron Patzer, CEO of Mint.com and the highest rated Mentor from the first semester. Everyone that graduates from the program is invited to join a pool to share in the upside generated from the success of their peers. This adds a unique camaraderie to the program and creates a long-term peer support group with a vested interest in your success.

If you have a new company or if you are thinking to build a startup, take a moment and apply to the Bay Area program.

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