Posted by donAdeo on 2013-11-07
As you may or may not know, the Founder Institute, an entrepreneur training and startup launch program that I founded 4.5 years ago, was born through TheFunded.com. In fact, the inspiration to start the Institute came from observing the struggles of early-stage entrepreneurs on this site, and the original curriculum for the program was actually crowdsourced from TheFunded.com's members.
Today I have some exciting news to share on the state of the Founder Institute. With the recent graduations of the Summer 2013 Semesters, we have just eclipsed 1000 companies launched.
In total, through chapters across 55 cities, 30 countries, and 6 continents, we have now launched 1,003 Graduate Companies with;
- 1,114 Graduate Founders and Co-Founders
- An estimated portfolio value in excess of $5 billion
- Six exits or liquidity events (public exits include Shopalize and Gridblaze)
- Over 10,000 jobs created
- 89.5% Graduate companies still operating (versus 115 companies dissolved)
- 73.5% Graduate companies operating at or ahead of schedule (versus 146 companies with Founders still employed or companies struggling)
But we are not stopping there. In just the last two weeks we launched chapters in Munich and Portland, we are currently accepting applications in over 20 cities, our pipeline is filled with potential new city launches (specifically Dublin, Tokyo, Nairobi, Bangkok, Baltimore, Seoul, Manila, and Tomsk), and we have several semesters currently in session as well.
To “Globalize Silicon Valley” and help promising entrepreneurs launch companies that will create over 20,000 new jobs per year by 2020.
If you want to help foster entrepreneurship on a global scale, then Launch a Founder Institute Chapter in your local city.
Or, if you want to join a growing network of global entrepreneurs and launch an enduring company through structured training courses, practical business-building assignments, and expert feedback from a large network of business mentors, then Apply to the Founder Institute today.PRIVATE: Members Only