Exporting Silicon Valley
Startup acceleration programmes have become all the rage, witness the fame of YCombinator, TechStars and Seedcamp. But here’s one with a difference. The Founder Institute, set up in 2009 by Adeo Ressi, wants to create 1000 companies a year around the world. That is hugely ambitious. Secondly, the Founder Institute doesn’t invest directly in its startups. Instead, it works with a bonus pool whereby all the stakeholders linked to a particular programme—the entrepreneurs, the mentors, the institute—share in the potential upside of each venture. That creates a specific dynamic, a Silicon Valley dynamic, which the Founders Institute will be injecting in 30 cities around the world.
Can you tell us a little about the Founders Institute?
In what way does the Founder Institute differ from other startup acceleration programmes such as YCombinator?
What is the Institute’s business model?
Why are you doing this?
In your experience, is Europe different when it comes to entrepreneurship?
About Adeo Ressi
Adeo Ressi is Founding Member of TheFunded.com, an online community of 12,000 CEOs to research, rate, and review funding sources worldwide. Adeo also runs the Founder Institute, a mentoring program that helps entrepreneurs launch hundreds of world-class companies each year. The Institute is the eighth start-up that Adeo has founded or built, four of which were acquired and three of which are still operating. Adeo also serves on the Board of the X PRIZE foundation, a non-profit chartered to inspire human achievements through competition.
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