12. Local Success Story:
In the beginning:
1.Started with 2 co-founders
2.No local conglomerate/big group backup
3.Compete with big players (Plasa, Rakuten, Multiply)
Now:
1.No 1 C2C e-commerce website
2.Grow by 686% (2012)
3.Raised Series-C funding
13. Now, What Should You Do?
1. Select a real, big problem you are
passionate about
2. Find the right solution
3. Build a strong team
4. Develop a great product
5. Launch with laser focused execution
15. What Is The Founder Institute?
• A global network of startups and mentors that helps
entrepreneurs launch technology companies.
• The World’s Largest Idea-Stage Incubator
• A startup building startups: globally operated by 4 people out
of a garage in Silicon Valley (yep, that’s right!)
• Goal is to Globalize Silicon Valley and launch over 1,000
meaningful and enduring technology companies per year.
16. Growing Worldwide Entrepreneurship
Seattle
San Francisco
Silicon Valley
Los Angeles
San Diego
Chicago
St Louis
Brussels
Berlin
Paris
Amsterdam
Singapore
Jakarta
Hanoi
Sydney
Kuala Lumpur
Denver
Houston
Currently in 23 locations – 30+ planned in 2013
Bogotá
Santiago
Boston
New York
Washington DC
17. The Problem
• Starting and running a
startup is hard
• There is no playbook
• Success is rare
• We want to help
entrepreneurs avoid
deadly mistakes
18. Our Philosophy
• Ideas are largely irrelevant
• Great companies start with
great people
• Great People
+ Expert Training
+ Aligned Incentives =
Exponentially Better
Chance of Success
19. Expert Training
Phase 1: Idea Refinement Phase 2: Business Setup Phase 3: Launch Planning
1. Startup Basics
2. Vision/ Values
3. Startup Research
4. Naming/ Branding
5. Mentor Idea Review
6. Startup Legal/ IP
7. Cofounders/ Hiring/ Firing
8. Revenues/ Costs/ Profits
9. Product Development
10. Mentor Progress Review
11. Outsourcing/ Suppliers
12. Marketing/ Sales
13. Presentation/ Publicity
14. Fundraising
15. Graduation
• 4 Month Curriculum
• 3+ Mentors / Session
• Emphasis on Group Work and
Constant Feedback/ Evaluation
• Not Required to Quit Your Job
• ~ 20 hrs / week commitment
20. … Taught By Seasoned Mentors
- Nolan Bushnell (Atari)
- Peter Guber (Mandalay Entertainment)
- Bram Cohen (BitTorrent)
- Jonathan Abrams (Friendster)
- Naval Ravikant (VentureHacks)
- Will Bunker (Match.com)
- Jake Nickell (Threadless)
- Gregg Spiridellis (JibJab)
- Luke Beatty (Associated Content)
- Dan Shapiro (Ontela/Photobucket)
- Glenn Kelman (Redfin)
- Elon Musk (PayPal, Tesla)
- Marc Pincus (Zynga)
- Jeff Dachis (Razorfish)
- Jason Calacanis (Mahalo)
- Scott Heiferman (Meetup.com)
- Aaron Patzer (Mint.com)
- Michael Arrington (TechCrunch)
- Jon Nordmark (eBags)
- Phil Libin (Evernote)
- Jordan Greenhall (DivX)
- Phillip Kaplan (Adbrite, Blippy)
800+ Global Mentors
21. … Taught By Seasoned Mentors
- James Chan (Neoteny Lab)
- Julian Gorman (Indosat)
- Martin Hartono (GDP Venture)
- On Lee (GDP Venture)
- Remco Lupker (Tokobagus)
- Rudy Ramawy (Google)
- Sakti Makki (MakkiMakki)
- Takeshi Ebihara (Rebright Partner)
- Toto Sugiri (Sigma Cipta Caraka)
- Weihan Liew (MainGames)
- William Tanuwijaya(Tokopedia)
- Alfred Budiman (Samsung)
- Andy Jobs (Nexian)
- Andy Sjarif (Sitti)
- Ari Juliano Gema (Assegaf)
- Budi Rahardjo (Indo CISC)
- Dian Kurniadi (Nexian)
- Dian Noeh Abubakar (KVB)
- Danny Oei Wirianto (MindTalk)
- Edi Taslim (Kompas.com)
- Eka Ginting (Indo.com)
- Izak Jenie (Nexian)
800+ Global Mentors
22. The Result: 500+ Companies Already
• 550+ Founders
Graduated
• 41% receive funding
within 6 months
• Only 9% of companies
fail in the first 18
months
23. Some Testimonials
“I believe that these eight startups
and 13 founders have really
experienced a tough yet fun four
months – I could sense it through
their presentations. Props to the
directors for bringing the Founder
Institute to Jakarta.”
