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Knowledge base
Frequently Asked Questions
General
22
Founder Institute Methodology
Does the Founder Institute only accept tech companies?
How is the Founder Institute different from Techstars and Y Combinator?
Is the Founder Institute a pre-accelerator?
What is the schedule for the upcoming program?
See all 22 articles
Common Questions
12
Can the Founder Institute help me get my visa? Does the FI help with housing?
Can I speak to someone in person?
Are you hiring? How do I apply to work for the Founder Institute?
Am I a fit for The Founder Institute even though I'm non-technical?
Why should I apply for the Founders Institute Program?
See all 12 articles
Core Program
8
What is a typical Feedback Session like?
Can I find a co-founder in the program?
Do founders need to quit their day job?
What is the Founder Institute’s graduation rate?
If I drop out of the program or get dropped after the refund deadline, can I return to the next program for free? Can I join a different location?
See all 8 articles
Applications
22
How do I apply to the program?
How does the application process work?
What is the Founder Institute's Admissions Assessment?
How do co-founders or teams apply to the Founder Institute?
What are the application deadlines for the program?
See all 22 articles
Ideas
4
Can I submit more than one idea?
How does the program’s ideation phase work?
Could other participants have similar ideas to mine?
How is our intellectual property protected during the Program? Will somebody steal my idea?
Teams & Co-Founders
6
Is the Founder Institute only for individuals, or can Teams or Multiple Co-Founders Enroll?
How do we pay as a team?
Can full teams be dropped from the program?
How do co-founders or teams apply to the Founder Institute?
I have a co-founder. Do we all need to apply? Do we all need to be accepted, and do we all need to pay?
See all 6 articles
Program Cost & Payment
13
Why is there an application fee? What does it cover?
What does the Program Fee cover?
How can I pay my program fees?
Can I pay the program fee in installments?
What is the Program Fee Refund Policy?
See all 13 articles
Mentors
13
How does the Founder Institute select Mentors?
How do founders get paired with mentors?
I would like to mentor for the Founder Institute. How can I apply?
How involved are the Mentors in the program?
Who is the best Mentor?
See all 13 articles
Attendance
5
Do I need to attend every session?
Can I participate in the program remotely?
How many sessions am I allowed to miss throughout the program?
Can I attend sessions in one location and then move to another city while in the program?
Are the working group sessions typically in person or virtual?
Legal, Founder Agreement, Warrant, & Incorporation
41
Where can I find the Founder Agreement?
What is the Equity Collective?
Will the Founder Institute help me incorporate?
How does FI’s equity allocation work?
Do I need to be working with a law firm now?
See all 41 articles
Investment
7
Can I apply if I am not planning to raise money?
Can I apply if I am already fundraising?
How will founders interact with investors?
Are investors turned off by the Class F stock and Equity Collective?
How much money should participating founders plan on raising?
See all 7 articles
Program Sessions
5
When do sessions take place and how long do they last?
Are program sessions open to the public?
Do you already have the program dates for the following cohort? When is the next cohort?
In what language are sessions taught? Are they taught in English?
Are you holding an event, session, program, and/or cohort in my city?
Locations
9
Where will the training sessions be located?
I am visiting a city where the Founder Institute operates. Can I come see FI and get a tour?
When is the next cohort in my city?
Why isn't FI in my city? How do I bring the Founder Institute to my city?
Is there an office that I can visit to ask any questions?
See all 9 articles
Enrollment & Graduation Requirements
7
Do you only accept tech companies at Founder Institute?
What is the time commitment required by a Founder?
How does a Founder complete the program?
If I am already accepted, what is the deadline for enrolling in the program?
What documents / agreements do I need to upload to complete my enrollment? Am I required to upload the Warrant or Board Consent Form?
See all 7 articles
Funding & Traction
2
Does the program provide direct funding?
What is Founder Lab?
Partnerships & Sponsorships
5
I want to promote an article with the Founder Institute. Who should I speak with about a promotional partnership?
How to I sponsor or partner with the Founder Institute? I would like to promote my services or company.
I have an idea for partnership and would like to offer Founder Institute Startups a deal on my company's services.
Do you help with legal, accounting, hosting, development, office space, or any other services?
Who are the service provider partners for the Founder Institute?
Contact Information
3
Do you have a phone number? Can I speak to someone in person?
Can I have the email of the Local Leaders in my city?
Is there an office that I can visit to ask any questions?
Lead a Chapter
2
What do I have to do to bring FI to my city? I want to host / direct Founder Institute events.
Can I have the email of the Local Leaders in my city?
Virtual Program FAQ (COVID-19)
11
Will the entire program be virtual?
Is a virtual program as good as an in-person program?
Aren't economic downturns a bad time to start a company?
But isn't it hard to raise money from investors in a recession?
Will I still be able to connect with mentors and other founders?
See all 11 articles
FAQ
Legal & Incorporation
1
I have more questions about the Warrant. Where can I find more information?
Costs & Payment
2
Can I pay the program fee in installments?
I was refunded a different amount than what I paid. Why?
Funding
1
Does the program provide direct funding?
Fellowships & Scholarships
2
Can I receive help, assistance, financial support, and/or a Fellowship for the program fee payment?
How do I apply for a Scholarship / Fellowship in my city? How do I know if I am eligible for them?