Program Schedule
Our flagship 'FI Core' program combines structured sprints with constant feedback to help you reach the milestones needed for investment and growth.
Early Application Deadline
Final Application Deadline
Kickoff
During the Accelerator Kickoff, you will meet the Local Leaders and your cohort of Founders, and establish how your startup will use the program to push your business forward.
Vision
In each weekly Feedback Session, Founders will pitch and outline their strategies/ progress to the Mentors for feedback, get tips and insights on the week's topic, and have multiple opportunities to ask questions. This week you'll get tips on how to develop a strong vision for your business.
Sprints
Below are just high-level previews of the 10-15 deliverables you'll complete through Working Groups and Office Hours:
Deliverables
Validate Track
- Education - Undergo a crash-course in popular startup and venture capital methodologies, metrics, and terms/ lingo.
- Tracking - Research and start tracking the communities surrounding your local and vertical startup ecosystems.
Launch Track
- Market Research - Utilize our market research template to collect accurate and available market information on the customer problems you are analyzing.
- Personas - Build an initial Buyer Persona to better understand your target customer's needs, challenges, and buying process.
Traction track
- 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.
- Identify Unknowns - Document a detailed understanding of the main customer problem, and fill any required gaps in your customer knowledge.
Validation
In this Feedback Session, Founders will present any customer development progress to the Mentors to examine if they are pursuing a scalable business with a clear and actionable customer problem. The Mentors will also provide tips on how to validate your key assumptions, interview potential customers effectively, and best interpret the feedback you receive.
Model
In this Feedback Session, Founders will share their pitch and revenue model with Mentors for feedback and continued refinement. You will also get tips on how to sustain your startup before receiving financing or revenue, identifying the most lucrative revenue source for your business, testing different revenue sources with your target customers, and more.
Development
An entrepreneur never stops pitching, so this session focuses 100% on helping you build a great pitch. First, the mentors will share the latest best practices for pitching your startup - whether the pitch is for investors, team members, customers, partners, or otherwise. Then, you'll share your most recent pitch and receive constructive feedback on how to improve.
Idea Review
This is the first big checkpoint in the program to determine your progress. During the Mentor Idea Review, you will present a longer presentation to a panel of FI Mentors for extensive review. You will receive a rating, as well as feedback on the long-term viability of your offering, revenue model, growth strategy, and more.
Sprints
After the Mentor Idea Review, Founders receive a larger number of custom "Epic Sprints" with deliverables based on their specific challenges. Below are high-level previews of standard deliverables.
Deliverables
Validate Track
- Corporate Materials - Immediately update your 3 minute pitch deck and video based on the Mentor Idea Review feedback, and develop a new and updated Executive Summary using our template.
- Advisor Candidates - You will create (or fill out) an Advisory Board in the next 5 weeks, so develop a target list of new advisor candidates based off your identified needs and gaps in knowledge/ connections.
Launch Track
- Advisor Candidates - You will create (or fill out) an Advisory Board in the next 5 weeks, so develop a target list of new advisor candidates based off your identified needs and gaps in knowledge/ connections.
- Advisor Outreach - Leverage the FI network to get introductions to your targets where necessary, and follow our templated process to make progress on your advisory board.
Traction track
- Financial Model - Develop or professionalize your financial model based on our template that focuses on expenses ("burn") to understand your cash needs. Develop a revenue forecast for 12-18 months and factor in timing considerations from your sales follow-up work.
- Legal Assessment - Identify your short to medium term legal needs, and if you don't already have a law firm, identify at least two local law candidates that have experience working with startups. Begin vetting new or existing law firms using our guidelines.
Join the Equity Collective
Formation
In this Feedback Session, startup lawyers and CEOs will explain various legal agreements, startup legal components (such as equity), cap tables, how to protect intellectual property, the best practices for managing a law firm, and more. As usual, Mentors will also provide Founders with ratings and feedback on their startup pitch and progress.
Launch
In this Feedback Session, Mentors will provide Founders with feedback on their current go-to-market plans and progress, and cover topics like marketing messaging, unit economics, customer acquisition, and more.
Traction
In this Feedback Session, Mentors will provide Founders with feedback on their current product, and/or product roadmap. Expert in product development will also discuss best practices in product management, roadmapping, managing product teams, and more.
Fundraising
Similar to the Mentor Idea Review, the Investor Progress Review is the second major test in the program. In this session, Founders will focus on give a long presentation their progress and traction to a panel of Investors and Advisors for a detailed review. Founders will be evaluated based on their progress in the program, the company's scalability, and more.
Demo Day
In this Feedback Session, Founders will receive feedback from Mentors on their team plans and product progress. In addition, Mentors will discuss how to identify the roles needed to build a world-class company, how to develop a strategy to recruit, onboard and retain the best people, and more.
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.
-
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
-
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
Quick Preview
Quickly preview the program dates or copy them in plain-text format
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.
