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.

I have legal questions about the FAST agreement.
The FAST agreement (https://fi.co/FAST) gives you the legal framework to engage with mentors and advisors. It was developed by our CEO, Adeo Ressi with our ...
Mon, Mar 2, 2020 at 4:50 PM
How does the net exercise clause in the warrant work?
This clause allows the Founder Institute to exercise the warrant and obtain shares without having to pay with cash. Please consult your lawyer if you have s...
Mon, Mar 2, 2020 at 4:58 PM
How do I get answers to questions about the Founder Agreement?
You can reply to any email you have received from us, and we will try to respond ASAP.  In addition, we host two Conference Calls per week with FI Director...
Mon, Mar 2, 2020 at 4:50 PM
If the Founder Institute sells the equity in a Founder's company, does that Founder continue to participate in the Equity Collective?
FI reserves the right to sell the equity granted via the Warrant at a time of its choosing. Alumni companies continue to participate in the collective until...
Mon, Mar 2, 2020 at 4:58 PM
Why is there a termination clause that requires a company to pay $100,000 if the Founder resigns as the CEO of my company?
This provision is there to protect a Founder from involuntary termination. This clause is there to help the Founder in the case that the Board wants to remo...
Mon, Mar 2, 2020 at 4:59 PM
How does the Equity Collective work? I don't understand the Equity Collective allocation.
Silicon Valley is a collaborative ecosystem, where people of all skill sets, backgrounds, and experiences share ideas, best practices, metrics, and feedback...
Mon, Mar 2, 2020 at 5:29 PM
Does the Founder Institute have voting power in my company after I complete the program?
The Founder Institute does not have any voting rights to our Alumni, and we do not hold any board seats either.
Mon, Mar 2, 2020 at 6:02 PM
When is 4% of my company taken?
During the course of the program, each Founder will be asked to incorporate their company as a mandatory part of the program. The 4% warrant will be issued ...
Mon, Mar 2, 2020 at 6:04 PM
I have more questions about the Warrant. Where can I find more information?
Our FAQ has helpful information regarding the Warrant: https://www.fi.co/faq#liquidity You can also view the following videos explaining some of the com...
Mon, Mar 2, 2020 at 6:05 PM
I see that there is a requirement for incorporation, will the program be able to help with that?
Everything legal oriented will be covered before and during the Legal and IP session of the program. If you need help with getting incorporated, you can alw...
Mon, Mar 2, 2020 at 6:06 PM