Entrepreneurial institute explores starting South Florida chapter
The Founder Institute, a Silicon Valley-based entrepreneur training and start-up company program, is exploring the feasibility of launching a chapter and program in the Boca Raton-Fort Lauderdale area.
“Making the Leap from Employee to Entrepreneur” will be held at 6:30 p.m. Sept. 15; sign up at fi.co/e/60601.
“Startup Funding 101: How to Raise Capital for your Idea, at 6:30 p.m. Sept. 22; sign up at fi.co/e/60591.
Founder Institute’s information session, 6:30 p.m. Sept. 29; sign up at fi.co/e/60581.
The Winter 2015 program will be limited to 25 people, said local co-founder Rodolfo Novarini. Also leading the effort in Fort Lauderdale are local entrepreneurs/investors Mark Volchek and Michel Triana.
Novarini, who has invested in local companies, including Boca Raton-based Stadson Tech, said the difference in this program is that it’s very “early stage.”
The program is part-time, which helps full-time professionals test their ideas before quitting their jobs and making the leap from employee to entrepreneur. The cost for the program is $1,000 upfront, with another $4,000 after the company is funded.
The investment in the program “gets people who are committed,” Novarini said.
Companies also agree to share three- to five-percent equity in their businesses, which helps to diversify the entrepreneur’s investment, he said.
The Founder Institute operates in 85 cities and 40 countries, and claims 1,600 launched companies since its beginning in 2009.
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