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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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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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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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FAST Agreement

Founder / Advisor Standard Template ("FAST")

Version 2 - Updated August 1st, 2017

 

The FAST Agreement is used by tens of thousands of entrepreneurs and advisors per year to establish productive working relationships, trading advice and support for a standardized amount of equity.

The Founder / Advisor Standard Template ("FAST") was developed by the Founder Institute to help aspiring entrepreneurs in the startup launch programs that we operate worldwide set-up advisory boards and engage with the mentors that they interact with throughout the program. In 2011, the Founder Institute released the FAST Agreement to the public, and we have been making incremental updates on the Version 1 of the Agreement ever since. On August 1st, 2017, the Founder Institute has released a preview copy of Version 2, which includes a number of enhancements: 

Using the FAST Agreement, you can check a few boxes, sign the Agreement and start working. Теперь не будет бесконечных переговоров, громоздких формулировок и бесконечных проверок.

Соглашение FAST

With just a signature and a checkbox on the FAST Agreement, entrepreneurs and advisors can agree in minutes on how to work together, on what to accomplish, and on the right amount of equity compensation. 

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New FAST versions are 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. The FAST Agreement does include a three-month "cliff" on equity vesting, allowing for an unproductive advisory relationship to be terminated without having the burden of allocating any equity within the first three months.

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

If you are interested in engaging with dozens of potential mentors and advisors, your are invited to join a local Founder Institute startup launch program. You can apply at the link below:

Apply to the Founder Institute

The FAST Overview

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%

The 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. Please check any modified FAST Agreement against the original template to ensure that you are not signing any unexpected terms.

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.  

 

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