If you think you have what it takes to be an entrepreneur, the Founder Institute is for you
Stream below or right-click here to download the episode.
[ LISTEN NOW ON ITUNES ]
- Helped found 110 companies
- Founder Institute—early-stage accelerator
- 14-week accelerator program
- Bring in mentors, CEOs, etc
- Curriculum
- Working groups to simulate a Board of Directors
- Why do people fail?
The company only dies when the founder quits."
- Everything you think you know when you start is wrong...but don't stop
- The best founders have a mindset that they are open to new things
- Has a predictive psych test with five key factors
- High fluid intelligence. Not the same as IQ. How fast can you solve problems?
- High openness.
- Agreeableness (@60%)
- Professional experience.
- FI.co/dna
- Narcissism and entitlement are bad.
- Deceit and lying
- Excuse-making
- Predatory aggressiveness.
- They take a 4% equity stake and put it in a bonus pool shared with all of the founders in the cohort and the mentors who volunteered their time, the local director teams, and the company
- Run boot camp style.
- The last one started with 30, and 14 graduated.
- All meet in person
- Mentors rate founders, and founders rate mentors
- Start with a vision
- Without a strong vision and passion, your business will die at the 2-3 year point
- Iterate on one thing
- Udemy is one of their grads
- "Special assignments" are given by the mentors to founders who are falling behind
- "Tribe of Mentors: Short Life Advice From The Best In The World" you don't get paid well until you go deep on something
- Do the self-work. Figure yourself out. Know your "why."
Related Articles:
Links Mentioned In The Sales Podcast