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Founder Institute (5º Week Mentor Idea Review Receive expert feedback to…
Founder Institute
5º Week
Mentor Idea Review
Receive expert feedback to improve.
Is your idea viable?
Is there a real customer problem that is being solved?
Has the research proven that the customer problem exists?
Is the market viable to pursue?
Is the market large enough to sustain your company?
Does the revenue model make sense?
Is the business name memorable and compelling?
Is the business likely to fail?
What about the business can be improved?
Is the Founder the right person to be running the business?
6 Semana
Legal
Set up the company and legal framework.
Why is it important to have a legal entity?
What are the best practices in setting up a legal entity?
How do you pick a law firm to work with?
How do you effectively manage your law firm?
What are key legal concepts that a Founder needs to understand?
What are key agreements that you need to operate a technology company?
How do you identify and protect your intellectual property?
How do you manage regulations?
How much does the law actually matter to your business?
9º Week
Mentor Progress Review
Review your progress with CEOs
Is the Founder passionate and committed to the business?
Is the business entity set up correctly?
Does the Founder have a viable go to market plan?
Can the business generate revenue?
Will the business be able to scale?
Does the product solve a real customer need?
Is the solution planned out well?
What needs to be improved for the business to be successful?
What are the next steps for the business?
11º Week
Growth
Focus your business on growth.
How do you define success for your business?
What are various tactics to grow the business?
How do you set growth goals and growth milestones?
How do you follow-up and track your goals and milestones?
How do you communicate your growth progress and setbacks with stakeholders and advisors?
What level of growth do investors expect to see?
What media platforms should you be using, such as social media and a blog?
What should be the frequency of your media postings?
How do you know when to pivot or when to persevere?
Firsts days
Orientation
Welcome and meet your peers.
Why do you want to be an entrepreneur?
What is your life story?
How do all of the pieces fit together?
How much progress have you made?
How much time can you commit?
What are your goals, and how you will you measure success?
Is there someone that might be your co-founder from the program?
Who will lead your Working Group as President?
3º Week
Revenue
Develop a viable revenue source.
How do you survive before receiving a financing or generating revenues?
How do you identify the most lucrative revenue source for your business?
How do you identify a revenue source that is attractive to your target customers?
What are some common challenges in picking a revenue model?
How do you test different revenue sources with your target customers?
What are the key businesses drivers for different types of revenue models?
How do unit economics work?
How can you forecast your revenue?
4º Week
Branding and Design
Create, design and launch a brand.
How do you develop a good name for your business?
What characteristics make a good name?
How do you position the business with a name?
How do you test different name candidates?
How do you create a good domain name?
What infrastructure do you need when you pick your name?
What social media platforms should you look to get your name on?
How do you develop a memorable logo? How do you develop a memorable brand?
7º Week
Go-to-Market Planning
Finalize a go-to market plan.
How do you prioritize your go-to market initiatives at the beginning of a business?
How do you evaluate different models for growing the business?
How do you develop marketing messages that resonate with your target customers?
What are the best techniques to test messaging and customer acquisition channels?
How do you measure conversion rates?
What are unit economics? How do you set growth goals?
How do you develop a growth plan?
How can you leverage advisors to set and develop your growth goals and growth plan?
10º Week
Hiring and Onboarding
Start recruiting a world-class team.
How do you determine what roles that you need at the beginning of a business?
How do you determine if you need a co-founder? How do you decide what to outsource?
How do you source top hiring candidates that you already know?
What is an effective hiring process for a new business?
What materials do you need for the hiring process?
How do you test candidates?
How do you onboard candidates?
What amount of time should be spent on hiring?
8º Week
Product Development
Develop a plan to build your solution.
What human resources should you have available to build a viable solution?
How do you identify and engage with the human resources?
How do you prototype your solution?
What techniques do you use to speak with your target customers and get feedback on our solution?
How do you develop a product roadmap for your solution?
What is a specification, and how do you create one?
How do you allocate work from a specification to a team, and how do you track progress?
12º Week
Equity and Funding
Prepare to fundraise from investors.
What are the most viable funding options available to new startups?
What do the different types of investors expect to see with respect to progress on team, product and traction? ?
How long does it take to raise the various funding types, and how much time do you have to dedicate to fundraising?
How do you allocate the proceeds from fundraising?
How do you set up and manage a cap table?
How do you identify friendly investors to test your pitch on?
How do you update you pitch? How do you know when you are ready to fundraise
1º Week
Vision and Validation
Interview customers to develop and valid
How do you interview potential customers to validate that they have a problem?
What are other techniques to research customer problems?
How do you identify a viable customer problem to build a business upon?
How do you determine that you are uniquely qualified to pursue a particular customer problem?
How do you know if the customer problem is large enough to pursue?
What are various tools and techniques to keep track of industry trends and potential customers?
2º Week
Customer Development
Test your assumptions with customers.
How do you identify real customers and ensure they have a real problem to solve?
What are the best tactics to identify target customers and encourage them to be interviewed?
How do you know if people are telling you the truth, or just being polite?
How do you identify and test your assumptions in a customer interview?
How do you process and respond to feedback from customer interviews?
How do you know when you are focused on a good idea or when you need to abandon an idea?
13º Week
Leadership and Graduation
Graduate and start leading.
How can you evaluate if you have been an effective leader?
How can you adjust your behavior to be more effective as a leader?
What methods do you use to hold yourself accountable?
How do you continue to follow your vision and ensure your dedication in the face of setbacks?
What techniques do you use for prioritizing various tasks?