January 24, 2010 Leave a comment
by Elias Shams
I have been following the initiatives by an interesting organization called The Founder Institute since their program was first announced in March of last year. They recently opened an office in DC and have executed the perfect program for entrepreneurs or those of you thinking of becoming one, but no idea where to start. I wish they were around in late 90’s when I had just launched my first internet company, Telezoo and in desperate need for guidance and contacts.
The West Coast based Founder Institute was founded by Adeo Ressi, the Founding Member of TheFunded.com, an online community of 12,000 CEOs to research, rate, and review funding sources worldwide. They have expanded to many more regions including our awesome Washington, DC. This spring, their mentorship program will be expanding to Singapore, Paris, Los Angeles, and Denver. They offer entrepreneurs, the students who have basic ideas for potential startups but have not yet founded a company, and very early stage startups an environment designed to help foster their growth and education. This is exactly what I needed back in 1999. The program is a semester-based startup camp. 198 founders applied to the program. 79 were accepted, and 66 graduated. 31 companies have been incorporated by these founders so far, and a handful have actually launched (including Skimble and Molo Rewards ).