FI Curriculum

Greenville Summer 2015

Program Sessions (Private Events)
The Founder Institute offers a weekly curriculum of company-building sessions designed to help entrepreneurs start building every aspect of their business, from the core idea to the product and revenue model. Each weekly session takes place during a weekday evening for at least 3 hours, and is led by three startup CEO Mentors who share their advice and provide our participating Founders with critical feedback. In addition, our Founders are given challenging assignments to build key aspects of their companies between the sessions that are completed in Working Groups with their peers.
See the full curriculum below, or see a sample Founder Institute session. 

Orientation

2015-07-13, 06:00 PM: Welcome and meet your peers.  
Are you ready to be an entrepreneur? How well do you know your peers in the program? Is there someone that might be your Cofounder from the program? Who will lead your Working Group as President? What do you need to know to be successful in the Founder Institute? Which traits do you have that can help you be successful?

Vision and Ideas

2015-07-20, 06:00 PM: Develop a set of strong ideas.  
What is a good idea? How do you come up with good ideas? Does passion matter with ideas? How can you tell what you are passionate about? How do you translate your passion into one or more business ideas? What basic tools should every Founder have from the start? What tools should Founders use to develop their ideas in the beginning? How does being a Founder align with personal goals, objectives and vision?

Research and Customer Development

2015-08-03, 06:00 PM: Test your ideas with research.  
What research can you do to validate or to kill an idea? Does the market that you choose matter? What are good markets, and what are bad markets? Do competitors matter and why? How do you define your competitive landscape? How do you determine the key assumptions of your business? Can key assumptions be tested? What are tactics to test key assumptions when you just have an idea? How do you identify and interview potential customers? What are some tactics for effective surveying?

Special Assignment

2015-08-05, 01:46 PM:  
1. Paper Prototype: Use a pen and paper to mock up the usage flow of three separate tasks in your final idea. Research best practices for paper prototyping. Produce one page per key action in the task, and you should expect to mock up at least 20 pages between all of the tasks. Scan and upload the paper prototype as a PDF, and link to the file. 2. Friends and Family Feedback: Walk through three friends or family members each of the three tasks and solicit candid feedback on the process. Make adjustments as necessary to improve the paper prototype of the tasks before each feedback session. Write a four paragraph analysis of each task and what was learned through the paper prototyping exercise. 3. Working Group Engagement: Schedule three calls per week for at least 1.5 hours each with your Working Group during the break period to discuss the paper prototyping exercise and other company development work. 4. Possible Additional Surprise: You may also be sent through email one or more Additional Surprise assignments, and you will have 48 hours to complete the work to remain in the program. The Additional Surprise may be sent any time of day or night, so you will need to be diligent on email. The Special Assignment is designed to push you to work when most people take vacation, asking you to do key projects to build your business. That is the life of a successful entrepreneur, and the Institute wants you to be the best.

Revenue Models

2015-08-10, 06:00 PM: Chose an idea and a model.  
How do you build a revenue model for your idea? What are viable revenue models to pursue? How do you identify ideal customers for a revenue model? What are some common problems with popular revenue models? Are there tips or tricks with different revenue models? How do you determine revenue drivers in your model? What do you need to know to finish a model? How do you choose between multiple revenue models and multiple ideas?

Naming and Positioning

2015-08-17, 06:00 PM: Name your business.  
How do you develop a good name for your business? How do you position the business with a name? What characteristics make a good name? How do you test different name candidates? What infrastructure do you need when you pick your name? Are there tips to finding a good domain name? What social media platforms should you look to get your name on? How do you develop a logo? Does a name really matter?

Mentor Idea Review

2015-08-24, 06:00 PM: Present your idea for feedback.  
Are you pursuing a viable business idea? Can you present the idea in a compelling way? Have you done sufficient research on the idea? Is there a viable market? What about about the business is likely to fail? How can the business be improved? Are you a good fit to build this business over the next three, five and ten years?

Startup Legal and IP

2015-08-31, 06:00 PM: Build a legal and IP strategy.  
What does a new Founder need to know about the law to launch a successful startup? How do you pick a law firm to work with? What is the process of setting up a company? How much do you need to know about the law? What agreements do you need to run a company? What are common legal mistakes? How do you handle intellectual property, including confidentiality, copyrights, trademarks and patents? How much does the law actually matter?

Team and Advisors

2015-09-08, 06:00 PM: Recruit your first team members.  
How do you find the right team to launch your company? How do you identify the right set of advisors? How do you manage your advisors? What are responsibilities and compensation for advisors? How do you identify the right roles to help you launch a product or offering? Do you expect the roles to change over time? How can recruit people to fill roles when you have limited resources? What metrics do you track when recruiting? Do you need a cofounder? What are some common pitfalls with cofounder? Is a team necessary to launch a company?

Product Development

2015-09-14, 06:00 PM: Plan to build your offering.  
How do you plan to build a product or offering from the beginning? What are techniques to build a product roadmap? How do you specify what to build? How do you organize resources to build a product? What are strategies to estimate time and costs? What do you track to measure success? How often do you need to see milestones achieved? What are common mistakes when building product? How do you keep product progress ongoing when you have many competing priorities?

Mentor Progress Review

2015-09-21, 06:00 PM: Present your progress for feedback.  
How do you present the business entering the last few weeks of the program? Is the presentation compelling? Can the business scale? How viable is the financial model? Is the plan to build the business realistic? Is the product or offering planned out well? Can the business generate revenue? What needs to be improved for the business to be successful?

Sales and Traction

2015-09-28, 06:00 PM: Start generating traction.  
How do you identify and close your very first paying customers? What are best practices to charge these first paying customers? Should you charge more or less in the beginning? How do you develop a sales funnel or conversion funnel? What are some best practices to track leads and sales? How do you hustle leads and close the first sales, whether business licenses or consumer subscriptions? How do you develop a culture of sales and generating revenues in the early days of a new company?

Branding and Marketing

2015-10-05, 06:00 PM: Establish market credibility.  
How do you establish yourself as an expert in your field? What tools are used to follow important news and narratives? How do you identify and create industry narratives of your own? How do you identify and connect with influencers and journalists? What infrastructure do you need to be influential? How do you create content that attracts readers and commentary? How do you grow your influence in a market over time?

Bootstrapping and Fundraising

2015-10-12, 06:00 PM: Capitalize the business.  
What are the various ways to capitalize your company in the very beginning? How do you ask friends and family for money to support you? What are the advantages and disadvantages of bootstrapping? What do local angel investors require before making an investment? How do you develop a target list of appropriate angel investors? What materials are required to raise angel investment? What milestones should you look to achieve next? How do you set your six month and twelve month objectives in the very beginning? How should you think about selling the business or exiting the business?

Graduation

2015-10-19, 06:00 PM: Graduate from the program.  
How do you ensure success after Graduation? How do you engage with your peers going forward? The Graduation is the beginning of an exciting period for Founders, where an idea becomes reality. Congratulations!

Comments

Post a Comment

Popular posts from this blog

“Top 15” Takeaways from Deep Work

1. Spend enough time in a state of frenetic shallowness and you permanently reduce your capacity to perform deep work. . 2. I build my days around a core of carefully chosen deep work, with the shallow activities I absolutely cannot avoid batched into smaller bursts at the peripheries of my schedule. . 3. Two Core Abilities for Thriving in the New Economy 1. The ability to quickly master hard things. 2. The ability to produce at an elite level, in terms of both quality and speed. . 4. High-Quality Work Produced = (Time Spent) x (Intensity of Focus) . 5. Busyness as Proxy for Productivity: In the absence of clear indicators of what it means to be productive and valuable in their jobs, many knowledge workers turn back toward an industrial indicator of productivity: doing lots of stuff in a visible manner. . 6. Depth-destroying behaviors such as immediate e-mail responses and an active social media presence are lauded, while avoidance of these trends generates suspicion. . 7....
Read more

Intrinsic value Bionano vs. Apple

I .v. AAPL vs. BNGO: In order to determine the intrinsic value of a company, value investors often use financial ratios and other tools to analyze the company’s financial health and growth potential. When comparing Bionano and Apple, it is important to consider a variety of factors, such as the company’s financial performance, growth prospects, competitive advantage, and management team. For example, you may want to consider the following: • Financial performance: Look at the company’s financial statements, such as the balance sheet, income statement, and cash flow statement, to get a sense of the company’s profitability, debt levels, and liquidity. • Growth prospects: Consider the company’s industry, target market, and competitive landscape to evaluate its potential for future growth. • Competitive advantage: Look for companies that have a unique advantage over their competitors, such as a strong brand, patent protection, or a proprietary technology. • Management team: Consider th...
Read more

orientation FI assignment

Orientation 1. Create one product people want. 2. The assignments look great but, there should be a place on here to post the Executive summary and the pitch deck. 3. Vision is the overall what you will create for the company. Mission is the smaller steps to a achieve the mission and the changes made to fulfill the vision. My product will make the customers brain and body healthier. It is better than anything on the market. 4. My 3 strengths would be not giving up, innovating daily, and working with a team to solve problems. My 3 weaknesses would be working late, at times lack of focus, and not proof reading all my work. 5. I’ll see this idea through to the end. It’s something the world needs. I try to keep up with the latest clinical trial results to make the newest, healthiest product. 6. I hope to accomplish bring this product to market to help people be healthier and successful. I will be the starting of products that will improve conditions of patients that have Fa...
Read more