Founder Institute (formerly The Founder Institute) is an Americanbusiness incubator, entrepreneur training and startup launch program that was founded in Palo Alto, California in 2009. Based in Silicon Valley, Founder Institute has chapters in over 200 cities[1][2] in more than 100 countries.[3] It offers a 14-weeks part-time program for new and early-stage entrepreneurs that helps them develop their business ideas and form a company. Among the key requirements for graduation is the incorporation of a legal entity by the end of the program.[4] As of 2025, Founder Institute alumni have collectively raised over $1.9+ billion in funding, and the global network includes more than 8,100+ entrepreneurs across 200+ cities and 6 continents that created an estimated 30,000+ jobs worldwide.[5][6]
Founder Institute was founded in 2009 by Adeo Ressi in his garage in Palo Alto, California. It was created with his friend and business partner Jonathan Greechan as a response to the 2008 financial crisis and the attendant failures of numerous startups. From the outset, its primary goal was to provide a safe place for companies to materialize and entrepreneurs to hone their skills.[7] Ressi also wanted to "globalize Silicon Valley" and make entrepreneurial training available to people around the world.[8] One of the earliest visions of Founder Institute was to launch 1,000 companies per year.[9] Graduates were given access to a "equity collective," where all participants in the program share equity in the companies formed.[8] The first class graduated in October 2009 in Silicon Valley and was composed of 66 entrepreneurs and 54 companies.[9]
By the middle of 2010, Founder Institute had chapters in ten cities throughout the world, including New York City, San Diego, Berlin, and Singapore.[10] In May 2010, the chapters in New York and D.C. graduated a total of 25 new startups.[11] By the end of 2011, it had more than 20 locations worldwide and had graduated 483 entrepreneurs with 415 total companies. It also maintained around 700 mentors. In addition, Founder Institute announced that it had become the "largest incubator in the world."[12] Adeo Ressi started the Female Founder Fellowship program to help address the dearth of women in the tech industry.[13] Women founders accounted for roughly 20% of all startups and graduates at Founder Institute in 2011.[14] By 2012, that percentage had increased to 36%.[13]
In 2014, Founder Institute moved to a new headquarters in downtown Palo Alto. It commemorated the move with a unicorn-themed party.[15] By November 2025, Founder Institute has programs in over 200 cities[1] in over 100 countries worldwide[3] and had been responsible for the creation of over 8,100 companies with the support of 35,000+ mentors globally.[16]
In September 2021, Adeo Ressi transitioned from CEO to Executive Chairman, and Jonathan Greechan, who co-founded the organization with Ressi in 2009, assumed the role of CEO. This leadership transition allowed Ressi to focus on strategic initiatives including the Decile Group and VC Lab, while Greechan took operational leadership of Founder Institute's continued global expansion.
Program
The program offered by Founder Institute has been considered unique by comparison to other incubator programs. It is a 14-weeks program that recruits and accepts new and early-stage entrepreneurs who may still be full-time employed, and who don't necessarily yet have a fully formed idea or company.[17] One of the key requirements for graduation is the incorporation of a company.[4] Only around 30-40% of enrolled students end up graduating the program.[8]
Another main feature of Founder Institute's program is its global reach. Because of the large number of chapters throughout the world, more entrepreneurs can gain access to the training and networking.[4] Each chapter has its own mentors, but the curriculum is similar amongst all locales.[18] It only chooses mentors who are successful founders or CEOs in and of themselves.[7] As of 2025, there is over 35,000 mentors in Founder Institute network globally.[19] Networking is another major component of the program, allowing entrepreneurs to communicate (often for the first time) with like-minded individuals in their region.[20] Founders join an "equity collective" upon their entry to the program that rewards graduates, mentors, and local directors for the successes of their peers.[7]
Predictive admissions test
Founder Institute has an application process that requires a proprietary aptitude and personality test designed to identify "entrepreneurial personality traits."[21] In 2010 it was reported that of those accepted after testing, 57% performed as predicted with 27% performing worse and 16% performing better than predicted.[21] By 2013, more than 15,000 applicants had taken the test which resulted in accepted applicants who created 650 companies in 39 cities throughout five continents.[22]
The test is reported to take approximately 30-90 minutes, and measures aptitude, intelligence, and five psychological personality traits.[10] All of this information is then reportedly cross-referenced with data from Institute's graduates, and is used to compile a database that seeks to pinpoint the ideal score for a successful entrepreneur. The data continues being collected even after the students have graduated the program. For example, if a founder's company earns a liquidity event (IPO, sale, etc.), their scores will be increased. Applicants are given a score of 0 to 5, 5 being the highest, that helps predict how well the applicant will do as an entrepreneur. The test has been the feature of discussion in publications such as CNN Money, Tech Crunch, and Forbes.[10][21][22]
Curriculum
The curriculum of Founder Institute is often taught sequentially. Throughout the 14-weeks program, founders are asked to work on their ideas, research their ideas, name their company and product, seek out co-founders, and work out a business model.[7] The curriculum is guided by Founder Institute, but taught by mentors with experience as startup founders and/or CEOs. The curriculum also uses a hands-on approach, often exposing students to situations that an entrepreneur would find themselves in. It creates working groups that combine 4 or 5 founders together. These groups meet several times each week to discuss the formation of their business plan. The curriculum is similar throughout all of the chapters, but sessions aren't universally conducted in English.[23]
Mentors guide entrepreneurs through the program with training and feedback, and participate in the “shared equity pool”. Mentors in Founder Institute have include Aaron Patzer and Phil Libin, both of whom have mentored at the Silicon Valley chapter.[18] Additional mentors have included Robin Chase, Peter Vesterbacka, and Jeffrey Paine.[24][25]
Locations
As of 2025, Founder Institute has chapters in over 200 cities[1][2] and more than 100 countries[3] on 6 continents.[26] The founding chapter is located in Silicon Valley.[27] Each chapter has its own local directors and mentors.[26]
The Silicon Valley chapter is the oldest chapter in Founder Institute system. Eren Bali, who graduated from the initial class, is one of the co-founders of the online educational marketplace, Udemy.[4] The Berlin chapter was one of the first chapters to come to Europe[26] The Singapore chapter was launched in 2010 and is one of the most successful chapters of Founder Institute in Asia.
Notable companies
As of 2025, Founder Institute has produced over 8,100 companies throughout its existence. Notable alumni companies include Udemy, an online learning marketplace that went public on NASDAQ in October 2021, raising $421 million. Other notable portfolio companies include Kindara, Zirtual, FightCamp (which raised a $90 million Series B), and Unito (which raised $10.5 million Series A). FI alumni companies span diverse sectors and have collectively created an estimated 30,000+ jobs globally.
Global Leadership Structure
Founder Institute’s rapid global expansion is anchored by a distinctive three-tiered leadership structure comprising global, regional, and city-level directors. As of 2025, Founder Institute operates in over 200 cities, with dedicated directors leading chapters, regions, and entire countries to deliver localized support and program delivery.
In Africa, the organization operates chapters in Lagos, Nigeria (Chukwuemeka Fred Agbata), Abuja, Nigeria (Ajuma Ataguba), and South Africa (Keshni Morar).[28]
This structure of multi-layered directors, supported by a global network of over 35,000 mentors, is core to Founder Institute’s growing international presence and effectiveness. Directors are typically experienced entrepreneurs or ecosystem builders who operate both independently at the chapter level and collaboratively at the regional or continental level, creating highly adaptive support systems for founders in diverse markets.
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
