Launch an AI Startup In Silicon Valley this Summer
Spring 2010 Paris

Program Schedule

Our flagship 'FI Core' program combines structured sprints with constant feedback to help you reach the milestones needed for investment and growth.

Feb 21

Early Application Deadline
Mar 07

Final Application Deadline
Mar 20 10:00 am week 1

Vision & Idees

Qu'est ce qui vous passionne? Quelle est votre vision? Comment convertir cette passion et vision en un business? Comment trouver des idees? Avec quels outils evaluer vos idees? Qu'est ce qui separe une bonne d'une mauvaise idee? Faut-il essayer plusieurs idees en parallele, et quand se concentrer sur une seule?

Date
Mar 20, 2010
Time
03:00am CDT

Sprints

Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:

Deliverables

Validate Track
  1. Education - Undergo a crash-course in popular startup and venture capital methodologies, metrics, and terms/ lingo.
  2. Tracking - Research and start tracking the communities surrounding your local and vertical startup ecosystems.
Launch Track
  1. Market Research - Utilize our market research template to collect accurate and available market information on the customer problems you are analyzing.
  2. Personas - Build an initial Buyer Persona to better understand your target customer's needs, challenges, and buying process.
Traction track
  1. Customer Interviews - Using our templates, interview at least 15 customers. If you already have done extensive customer development then outline your current findings and identify areas that require deeper understanding.
  2. Identify Unknowns - Document a detailed understanding of the main customer problem, and fill any required gaps in your customer knowledge.
Sprints
Mar 27 10:00 am week 2

Le Marche

Quel marche visez-vous? Est-il assez important? En croissance ou pas? Quelles autres caracteristiques a-t-il, et pourquoi est-ce important? Comment trouver ces informations? Qui sont vos concurrents et comment les definir? Quelles sont des methodes abordables pour trouver ce genre d'information? Comment savoir si vous pouvez devenir leader sur votre marche, et quand il vaut mieux essayer autre chose?

Date
Mar 27, 2010
Time
03:00am CDT

Sprints

Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:

Deliverables

Validate Track
  1. Market Research - Utilize our market research template to collect accurate and available market information on the customer problems you are analyzing.
  2. Competitive Analysis - For each remaining customer problem, develop or improve a professional landing page targeted to your initial customer archetype, and quickly build up a mailing list to receive customer feedback.
Launch Track
  1. Customer Interviews - Develop a longer series of customer interview questions based on your initial interviews and key assumptions, with at least ten open-ended customer interview questions for each customer problem.
  2. Revenue Modeling - For each remaining customer problem, develop or improve a professional landing page targeted to your initial customer archetype, and quickly build up a mailing list to receive customer feedback.
Traction track
  1. Customer Archetype - Use our guidelines to create or update a detailed customer archetype of your target customer, based on either your existing customers or improved research.
  2. Revenue Interviews - Interview customers about the pricing of your revenue model, using three different revenue models/ pricing schemes. Confirm your existing model or select a new one based off these interviews.
Sprints
Mar 30

Refund Deadline
Mar 30 06:00 pm week 3

Nom et Marque

Quelle est l'importance d'avoir le bon nom? Quels sont les differents types de nom et comment choisir le bon? Quelles sont les meilleures methodes pour chercher, evaluer et selectionner un nom parmi une longue liste de possibilites? Ensuite, comment proteger son nom et sa marque? Comment le nom influence la perception de la marque? Quelle est votre marque?

Date
Mar 30, 2010
Time
10:00am CDT
Sprints
Apr 13 06:00 pm week 5

Company Roadmap

How do you get from an idea to an offering? How do you build an offering? What tactics should you use to ensure success? What is the plan to develop your offering? What are tips and tricks to make that plan accurate? What are common mistakes that every founder makes? What are the best practices? How do you navigate competition, and how do you win?

Date
Apr 13, 2010
Time
10:00am CDT

Sprints

Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:

Deliverables

Validate Track
  1. Solution Goals - Evaluate the current state of your solution, and outline the three solution goals that you would like the next product release to solve for your target customers over the next year.
  2. Minimum Viable Tests - Design a lightweight method to test the key assumptions for your business before beginning product development.
Launch Track
  1. Intellectual Property - If you have not already, secure and protect the intellectual property for all of the work done to date. Examine the need for patents, if applicable, following our guidelines.
  2. Team Analysis - Define and get extensive feedback on the requisite technical skills, soft skills, expertise, and networks will be needed in your core team.
Traction track
  1. Product Roadmap - Develop an updated product roadmap, using our guidelines, in order to meet your solution goals with your project team.
  2. Investor Pitch - Prepare a five minute presentation for the Investor Progress Review that includes sufficient information to enable Mentors to evaluate your progress and plans.
Sprints
Apr 27 06:00 pm week 7

Earning Revenue

How do you get revenue, grow revenue, and track revenue? How do you scale your business from the first dollar earned to the millionth? How important is early revenue versus long-term potential? What are symmetrical versus asymmetrical models, and which type of model holds the most promise for your business? What are the various routes to market that you can take? How do you set your revenue goals, and how do you go about meeting them?

Date
Apr 27, 2010
Time
10:00am CDT

Sprints

Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:

Deliverables

Validate Track
  1. One Customer Problem - Based on your research, select one customer problem to pursue in the program that has the greatest chance to generate significant revenue.
  2. Founder-Product Fit - Assess which of your current ideas align best with your unique capabilities and passions.
Launch Track
  1. Revenue Models - Narrow down that problem to three potential revenue models, and thoroughly analyze the positives and negatives of each model.
  2. Professional Pitch Deck - Use our templates to develop a professional three minute long pitch deck, based on the feedback, concepts and flow that have resonated from your Hotseat pitches.
Traction track
  1. Expert Interviews - Speak with three financial people who have experience in a similar industry to your customer problem, and get their insights and opinion on the scalability of your revenue model.
  2. Key Performance Indicators - Based on your research thus far, identify the final key metrics that will impact your ability to secure revenue (and funding). Discuss these with your Local Leaders, and finalize a tracking system for these metrics.
Sprints
May 04 06:00 pm week 8

Hiring and Firing

What are the right mix of skills that you need to launch a world-class technology company? Should you be looking for cofounders, team members, freelancers or interns? When should you plan to bring on people to help? How do you recruit and interview to find the best resources? What are the compensation guidelines in the beginning for cofounders and other various roles? How do you set expectations, measure results and remove or fire under performing resources?

Date
May 04, 2010
Time
10:00am CDT

Sprints

Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:

Deliverables

Validate Track
  1. Candidates - Search for candidates to hire (including Co-Founders) by identifying everyone that you know who is appropriate, or leveraging the FI network, to fill the top two or three roles you are not planning to outsource.
  2. Hiring Process - Develop a hiring and onboarding process using our guidelines to add team members into your organization, and begin executing on the process.
Launch Track
  1. Hiring Process - Develop a hiring and onboarding process using our guidelines to add team members into your organization, and begin executing on the process.
  2. Test Projects - Develop at least one test project for each of your top two or three roles, which should create opportunities for credible candidates to demonstrate their skills.
Traction track
  1. Advisor Review - Arrange a meeting or phone call with at least one of your advisors to discuss your hiring work. Present everything that you have done, and incorporate their feedback into your planning.
  2. Fundraising - Develop your fundraising plan by building a comprehensive, targeted list of connectors and investors focused on your specific stage and sector.
Sprints
May 11 06:00 pm week 9

Intellectual Property

What is the intellectual property of your business? What types of protections are available, and what are the costs? How do you manage your intellectual property using confidentiality, copyrights, and patents? What can and what should you do on your own, and what do you need a lawyer for? What are common intellectual property problems, and how do you deal with them cost effectively?

Date
May 11, 2010
Time
10:00am CDT
Sprints
May 25 06:00 pm week 11

Startup Legal and Incorporation

Why incorporate? What are the basic legal concepts that you need to know to run a successful company? What are the key legal terms that you need to care about in contracts, with your team, and with your Board? What are common legal mistakes in startups? What are the key legal documents that a startup needs to operate? When do you need to use a lawyer, and when can you handle things on your own? How do you manage a law firm efficiently to get the best work?

Date
May 25, 2010
Time
10:00am CDT

Sprints

Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:

Deliverables

Validate Track
  1. Legal Review - Review our Legal Guide to fully understand all critical startup legal components, including granting equity, vesting equity, granting options, issuing common stock versus preferred stock, and more. If any of your existing legal structure is in conflict with these best practices, then create a plan for resolution.
  2. Finalize Co-Founder Legal (if any) - Create a list of any co-founders, co-founder candidates or founding Team Members that you have for your Founder Institute company, and begin the next steps in formalizing the relationship.
Launch Track
  1. Law Firm Engagement - If you don't already have a law firm, meet with your law firm candidates and sign an "engagement letter" with your chosen firm.
  2. Corporate Formation Agreements - If you don't already have a suitable corporation, secure all of your corporate formation agreements which govern how the business conducts itself.
Traction track
  1. Capitalization Table - Develop or improve your capitalization table ("Cap Table") that shows the ownership structure of the business, using our template and guidelines.
  2. Equity Collective - Prepare to join the Equity Collective, and send your law firm the necessary agreements and request their help to properly fill out the required fields.
Sprints
Jun 01 06:00 pm week 12

Outsourcing, Partners and Suppliers

What should you outsource, and what do you need to do in-house? What is the core competency of your team, and what should it to be? What vendors do you need? How do you select the best vendors for your business on the best terms? How do you evaluate the economics? What are some horror stories to avoid?

Date
Jun 01, 2010
Time
10:00am CDT
Sprints
Jun 16 06:00 pm week 14

Marketing and Sales

Who are your customers? What audience are you trying to reach? How do you tell the story of your company? How do you create the right messages? What are the best tactics for your outreach: publicity, guerrilla marketing, advertising? How much should you spend on outreach? How do you measure success?

Date
Jun 16, 2010
Time
10:00am CDT

Sprints

Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:

Deliverables

Validate Track
  1. Alternatives - Identify two alternative models (markets or "pivots") for your go-to-market solution to discover the most lucrative market opportunity. Interview at least 2 customers for each alternative.
  2. Test Marketing Messaging - Write at least three separate marketing messages for your solution, and A/B test them using landing pages with at least 100 engagements each.
Launch Track
  1. Alternatives - Identify two alternative models (markets or "pivots") for your go-to-market solution to discover the most lucrative market opportunity. Interview at least 2 customers for each alternative.
  2. Advisor Follow-Up - In the next Step you will finalize advisors, so begin finalization meetings with your top candidates, and set up test Advisor Test Projects where necessary following our templates.
Traction track
  1. Customer Acquisition Channels - Identify at least five initial or new major marketing channels to acquire customers that are appropriate for your solution.
  2. Conversion Rate - Begin testing at least three of your new customer acquisition channels, pushing as much traffic through them as possible to evaluate their comparative conversion rates.
Sprints
Jun 22 06:00 pm week 15

Presentation and Publicity

How do you get the world to take notice of your company? What tools and materials do you need to start doing outreach? How do you identify media to write about your company? What are newsworthy stories? How do you craft a story? What are effective tactics to get social media, blog and press coverage? What tactics should be avoided?

Date
Jun 22, 2010
Time
10:00am CDT

Sprints

Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:

Deliverables

Validate Track
  1. Team-Building Channels - Review all of the candidates that have come through the various recruiting outreach channels and other activities, and identify the most effective channels.
  2. Growth Tactics - Work with your working group and advisors to brainstorm 15 new ideas to increase the top of your funnel, and provide a bulleted list of these Growth Tactics.
Launch Track
  1. Sales - Pursue aggressive goals to close new revenue or users, which may be signups, payments, a signed contract, a pre-payment or a signed letter of intent.
  2. Pivot - Consider a pivot if you are not meeting your growth goals, sales, product or hiring progress targets. If you decide to Pivot, schedule a call with one of your Local Leaders to discuss your proposed pivot in the business and do the same with your advisors.
Traction track
  1. Growth Plan Update - Review the performance of your growth goals and adjust your growth plan to improve your performance and accountability.
  2. Post-Program Onboarding - Review the FI post-program resources, and work with your cohort on a monthly meeting schedule where you will continue to meet, provide updates, and share learnings on your progress.
Sprints
Jun 29 06:00 pm week 16

Fundraising

What is the right amount of money to raise from investors? How do you raise capital for a brand new company? How do you identify angels and other seed-stage investors? What do investors expect from the company? What are typical investment structures and deal terms for seed-stage financings? How do you negotiate terms?

Date
Jun 29, 2010
Time
10:00am CDT

Sprints

Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:

Deliverables

Validate Track
  1. Minimum Victory Condition - Work with your Local Leaders to establish your "Victory Condition" to achieve before the "Impact Deadline" (three months after the program ends), and add it to your business calendar.
  2. Advisor Strategy - Set up a call with each of your advisors and briefly review your "Victory Condition", the funding strategy, hiring plan, sales plan and product plan.
Launch Track
  1. Advisor Strategy - Set up a call with each of your advisors and briefly review your "Victory Condition", the funding strategy, hiring plan, sales plan and product plan.
  2. Use of Proceeds - Examine the capital needs of the business, and extend your financial model to project revenues and expenses for a total of 24 months from now.
Traction track
  1. Final Investor Pitch Deck - Refine your investor pitch deck, and update it with all of your work to date, including details from your various plans. Test the presentation on peers and Directors and upload it to the FI site for review.
  2. Deal Room - Create a Deal Room for future investors that includes relevant files like Company documents with legal, Pitch Deck, Team bios, Board Materials, Financials, Sales information, Marketing materials and Intellectual Property.
Sprints
Jun 30 06:30 pm week 16

Graduation

The Graduation is the beginning of an exciting period for Founders, where the seed of an idea becomes reality. Graduating Founders are invited to bring one guest of their choosing to the session and to the after party. The Institute will continue to provide office hours, add special service provider deals, assist with fundraising, and give guidance on publicity and launch strategies for Graduated Founders.

Date
Jun 30, 2010
Time
10:30am CDT
Sprints
week 17+

Post Programs

The FI Core Program is just the beginning of a life long journey.

Founder Institute Alumni get access to a series of advanced accelerator programs, ongoing support from our Silicon Valley Team, valuable partner and service discounts, and more to continue building the business for years to come.

Continued Support
Continued Support

  • Dedicated Alumni Support Team in Silicon Valley

  • Access to the world's largest network of mentors and investors (40,000+)

  • Private Alumni mailing lists

  • $2.5M+ in partner discounts

  • Invites to FI sessions & network events

  • Potential introductions to investors

Structured Post-Programs
Structured Post-Programs

  • A series of virtual advisory programs where you work with our Silicon Valley HQ team to reach next milestones

  • Funding Lab helps get your lead investor within 6 months

  • The FI Venture Network matches Alumni ready for funding with a massive pool of investors that specialize in writing 'first or second checks' of funding

  • Exclusive for FI Alumni

Learn more about our Post Programs

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The Founder Institute is the world’s most proven network to turn ideas into fundable startups, and startups into global businesses. Since 2009, our structured accelerator programs have helped over 9,000 entrepreneurs raise over 2BN in funding. Based in Silicon Valley and with chapters across 100 countries, our mission is to empower communities of talented and motivated people to build impactful technology companies worldwide.

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