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Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology, life sciences, and other growth enterprises worldwide. We represent companies at every stage of development, from entrepreneurial start-ups to multibillion-dollar global corporations, as well as the venture firms, private equity firms, and investment banks that finance and advise them. The firm's broad range of services and practice areas are focused on addressing the principal challenges faced by the management, boards of directors, shareholders, and in-house counsel of our clients.

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.CO is the web address where the world’s innovators, entrepreneurs, businesses and brands come together to build and grow their ideas and organizations online.

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CodigoDelSur is a designer and developer of digital products. Having worked with Founder Institute startups in the past, they come as a highly recommended Founder Institute referral. They are composed of highly skilled software, web, and mobile app developers, who are excited to incorporate the latest technologies into the applications they develop.

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Xero is everything you need to run your business financials. Work with a beautiful small business accounting software complete with accounting, invoicing, payroll, inventory and more. Xero seamlessly integrates with over 500+ business apps, including CRM, point-of-sale, time tracking, ecommerce, just to name a few. Join the 700,000+ businesses using Xero in more than 180 countries.

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Vet-Tech is America's Veteran-led Startup Accelerator headquartered in Silicon Valley. With over 100 military veteran startups in our community, Vet-Tech's top 20 portfolio companies have raised over $10 Million in funding and have been accepted into world class programs like Tech Stars and Founder Institute.

Startup Weekend

 

Through the Startup Weekend Fellowship, members of the Startup Weekend Community who want to start a technology company can apply to the Silicon Valley Founder Institute chapter for free, and the best overall applicant will be invited to participate in the Founder Institute's step-by-step startup launch program for free as well.



Eligibility: In order to be eligible for the Startup Weekend Fellowship for the upcoming semester, you must complete your application and admissions test by Sunday, December 11th, 2016, using this link.


Grant: The recipient of the Startup Weekend Fellowship will be awarded within 5 days after the deadline.


Click here to apply for the Startup Weekend Fellowship.


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Founder/ Advisor Standard Template ("FAST")

 

As the world's largest entrepreneur training and startup launch program, the Founder Institute looks to help solve problems for entrepreneurs that threaten innovation.

One significant problem that faces the Founder Institute's 2,300 Graduate companies and 9,000 Mentors is forming an advisor agreement. We have gotten literally hundreds of advisor agreements to review - and every one is different.

It shouldn't be complicated to set-up a framework around a simple desire for Mentors to lend a hand, and for startups to get help. 

As a result, we created “FAST” (Founder/ Advisor Standard Template), which outlines standard terms and allows an advisor agreement to be set by simply checking a few boxes and signing the dotted line. The goal is to encourage more collaboration between experienced and new Founders, both inside the Founder Institute and out.

Просто оговорите уровень вовлечённости, подпишите договор и начинайте работать со стартапом. Теперь не будет бесконечных переговоров, громоздких формулировок и бесконечных проверок.

Соглашение FAST

Теперь, учредитель и ментор могут посредством лишь нескольких подписей и пары пометок (за несколько минут) решить, на каких условиях они хотят сотрудничать, что нужно ещё сделать, и какой процент они получат. 

Просто оговорите уровень вовлечённости, подпишите договор и начинайте работать со стартапом. Теперь не будет бесконечных переговоров, громоздких формулировок и бесконечных проверок.

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FAST version 27 is being refined based on feedback. If you have comments, please Contact form linked to at the bottom of this page to submit them.

Вовлечение ментора

Предприниматель должен внимательно подойти к выбору ментора. Только то, что у кого-то есть Имя и узкая специализация, ещё не значит, что он хороший ментор или что у вас с ним будет хороший контакт. Founder Institute советует предпринимателю поработать с потенциальным ментором как минимум месяц и провести вместе по меньшей мере 8 часов, прежде чем переходить к соглашению FAST.

Ниже приведён классический пример того, как предпринимателю следует выбирать ментора.

Соглашение FAST

Теперь, учредитель и ментор могут посредством лишь нескольких подписей и пары пометок (за несколько минут) решить, на каких условиях они хотят сотрудничать, что нужно ещё сделать, и какой процент они получат. Существуют три уровня развития компании, отталкиваясь от которых можно определить размер оплаты: идея, стартап и рост. Существуют ещё три уровня вовлечённости ментора, которые также влияют на размер компенсации: стандартная, стратегическая, экспертная. Например: если ментор высококлассно консультирует стартап на ранней стадии на ежемесячных встречах, вовлечён в поиск кадров, ведёт некоторых клиентов, тогда ментор получает 1% акций компании в форме акций работника предприятия или опционных акций, потратив на это один-два год; таким образом, если компания находится в стадии роста, при таком же уровне вовлечённости, ментор будет получать 0,6%. Схема для выбора размера оплаты по соглашению FAST и полное описание соглашения находятся ниже.

  Стадия идеи Стадия Стартапа Стадия роста
Стандартная: ежемесячные встречи 0.25% 0.20% 0.15%
Стратегическая: дополнительный поиск кадров 0.50% 0.40% 0.30%
Экспертная: дополнительные контакты и проекты 1.00% 0.80% 0.60%

FAST FAQ

Why should I use the FAST agreement?

The FAST agreement is designed to save time and money negotiating advisor relationships. There is just one page to fill out, and no legal assistance is necessary.

Can I modify the FAST agreement?

The FAST agreement is free and can be modified as you need.

Why compensate advisors with equity only?

The advisors that the FAST agreement targets are founders and high-level executives for strategic advice through advisory board roles, and these advisors are normally compensated with equity. The FAST agreement is not designed for traditional project consulting and "work for hire" relationships.

How much equity should I allocate to advisors? 

The FAST Agreement recommends standard equity grants for an individual advisor. It is not uncommon for a technology startup to have a 5% pool of equity allocated to a group of strategic advisors or an advisory board. 

What about localizing FAST to other countries?

The goal is to bring FAST to the six continents and all of the countries where the Founder Institute operates by the beginning of 2017. Want to help localize FAST? Please Contact form linked to at the bottom of this page to submit them.

 

 

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