Virtual Program FAQ (COVID-19)

The Founder Institute remains committed to providing founders with the highest quality pre-seed accelerator program in the world, while also keeping everyone safe by recognizing regional health advisories. To keep people safe and #StopTheSpread, we have moved the first few program sessions to a virtual format in many cities. In fact, we are already running virtual programs in 30+ cities across four continents (including our flagship Silicon Valley program). Founders in these programs are joining interactive feedback sessions with mentors over Zoom, collaborating with their cohort via Slack, leveraging our newly released Virtual Office Hours Tools to speak privately with mentors, using our existing backend course tools to build their business, and getting access to new benefits like weekly "AMA" events with Silicon Valley leaders. If your program has been moved to a virtual setting, we are sure you have questions.

Will the entire program be virtual?
Our intention is NOT for the entire 4-month program to be virtual (unless you are in the Silicon Valley program). As soon as local governments and officials...
Fri, Apr 24, 2020 at 4:17 PM
Is a virtual program as good as an in-person program?
We have already transitioned the program to virtual in 30+ cities around the globe (including our flagship Silicon Valley program), and the feedback has bee...
Fri, Apr 24, 2020 at 4:18 PM
Aren't economic downturns a bad time to start a company?
No. In fact, they are great time to start a company, and this is not just conjecture: the Founder Institute was founded in April 2009, during the "Grea...
Fri, Apr 24, 2020 at 4:19 PM
But isn't it hard to raise money from investors in a recession?
Yes, it is. Available money will be scarce, and the money that is available will likely have bad terms attached to it for the coming months (if not years). ...
Fri, Apr 24, 2020 at 4:20 PM
Will I still be able to connect with mentors and other founders?
Yes. In addition to meeting your Mentors and fellow Founders on the weekly virtual sessions (which will take place on Zoom), you will get dedicated Slack ch...
Fri, Apr 24, 2020 at 4:20 PM
Are you going to cancel programs?
Our virtual program sessions are a great experience for our founders and we do not anticipate cancellations. If an unexpected cancellation does arise, all F...
Fri, Apr 24, 2020 at 4:21 PM
Should I postpone until the next cohort to have the in-person experience?
That is a personal decision, and we are happy to defer your acceptance to a future cohort. However, please keep in mind that we cannot guarantee when the ne...
Fri, Apr 24, 2020 at 4:21 PM
What if I don't think a virtual program is right for me?
In our opinion, COVID-19 will fundamentally change how the world does business. Once the pandemic is contained we will not simply "go back to normal&qu...
Fri, Apr 24, 2020 at 4:22 PM
If the public events are virtual, does that mean the core program is as well?
We will keep all events and sessions virtual for as long as needed to ensure founder, leader, and mentor health and safety. However, our intention is to res...
Fri, Apr 24, 2020 at 4:22 PM
Will COVID-19 affect my company operations?
Building a global company in 2020 requires a strong understanding and framework of virtual operating systems, all of which the Founder Institute has been le...
Fri, Apr 24, 2020 at 4:22 PM