Legal, Founder Agreement, Warrant, & Incorporation

From the Founder Agreement to the Warrant and everything in between. **The information you obtain on this website is not, nor is it intended to be, legal advice. You should consult with an attorney for individual advice regarding your own situation.

What if I can’t incorporate due to work, unemployment, or visa conflicts?
This question should be asked to your law firm as each country has different laws and policies. The legal partner should review existing employment contract...
Mon, Mar 2, 2020 at 4:45 PM
How does the Equity Collective generate returns?
When a founder in the Equity Collective achieves a liquidity event by selling their business or by going public, the Founder Institute distributes the proce...
Mon, Mar 2, 2020 at 4:55 PM
What if my company is already incorporated? Can I or should I still enroll into the program?
We have had many successful cases of Founders that go through the program to receive valuable feedback from mentors even while they have already had an inco...
Mon, Mar 2, 2020 at 4:46 PM
Do I have to join the Equity Collective to graduate?
Yes, it is a requirement for graduation.
Mon, Mar 2, 2020 at 4:55 PM
I already own a company, but I want to work on a new company in the Program. Will FI own part of my old company?
No. At approximately 1/2 way through the Founder Institute program (around the Startup Legal & IP session), you will sign the warrant or option agreemen...
Mon, Mar 2, 2020 at 4:46 PM
How long does the Equity Collective last? Does the warrant expire?
The warrants and the collective expire after 15 years from the issue date. The Founder Institute set a realistic timeframe for companies in the collective t...
Mon, Mar 2, 2020 at 4:56 PM
How is our intellectual property protected during the program? Will somebody steal my idea? How do I know nobody will steal my idea in the program?
All founders, mentors, and local leaders attending sessions of the Founder Institute have to sign NDAs before participating in the program. Your IP is safe....
Mon, Mar 2, 2020 at 4:46 PM
Does the Founder Institute have voting power in my company as a result of joining the Equity Collective?
The Founder Institute does not have any voting rights in our alumni companies, and we do not hold any board seats either.
Mon, Mar 2, 2020 at 4:56 PM
Does the Founder Institute have voting power in my company after I graduate?
The Founder Institute does not have any voting rights in our alumni companies, and we do not hold any board seats either.
Mon, Mar 2, 2020 at 4:47 PM
Why is the Equity Collective 4%?
The Founder Institute analyzed multiple equity programs, and choose 4% as the smallest amount of equity to contribute that can still return reasonable value...
Mon, Mar 2, 2020 at 4:56 PM