Founder.org

Last updated
Founder.org
Type Non Profit Foundation
Industry
Founded2012
Headquarters San Francisco, California
Key people
  • Michael Baum (Founder & CEO)
  • Tony Ayaz (Chief Business Development Officer)
  • Chris Seybold (Chief Financial Officer)
  • Peter Vukovic (Chief Technical Officer)
  • Loren Walsh (Chief Learning Officer)
  • Kevin Erdman (Chief Creative Officer)
Products8D Company Building Program
Number of employees
20
Website founder.org

Founder.org is a nonprofit foundation in San Francisco, California, United States [1] that invests in student entrepreneurs. [2] The organization features a company building program for student entrepreneurs at major research institutes and universities. Operated by a group of Silicon Valley entrepreneurs, [3] Founder.org supports teams across various industries including sensors, sanitation, influencer marketing, biotechnology, health and transportation. [4]

Contents

Program

The organization offers a program for student entrepreneurs, recent alumni and faculty from its partner schools. The organization has a mission statement of helping entrepreneurial individuals build successful companies while staying in school. [5]

Partner schools

Founder.org partners with a number of colleges and universities which have innovation and entrepreneurship programs. [10] Students who are enrolled in these schools and have founded companies are eligible to participate in the programs. In 2014, there are 24 partner schools in the United States and Europe including Carnegie Mellon University, CDTM – Center for Digital Technology Management, Drexel University, École Polytechnique, École Centrale Paris, EDHEC, ESCP Europe, Harvard Business School, Imperial College London, KTH Royal Institute of Technology, Ludwig-Maximilians-Universität München, Massachusetts Institute of Technology, New York University, Purdue University, Stanford University, Technische Universität Berlin, Technische Universität München, The University of Edinburgh, University College London, University of California at Berkeley, University of California, San Diego, University of California San Francisco, University of Cambridge, University of Pennsylvania and University of Texas at Austin.

History

Founder.org was founded in 2012 by the CEO & Founder of Splunk, Michael Baum. [11] It opened applications for the Class of 2014 in January 2013, and accepted its first ten companies in June 2013. The second Class of 2015 was increased in size to 50 companies and was accepted in June 2014.[ citation needed ]

Investments

Alongside seed grants, Founder.org invests additional capital into some of the startups in the program. As of September, 2014, the program had made 8 follow on investments[ citation needed ]. For example, the company participated in the round of energy intelligence startup, Verdigris Technologies. [12] In some cases, the program will act as the lead investor in a round. Founder.org led the seed round of a Stanford-based influencer marketing startup, NeoReach [13] [14] [15] and medical stethoscope, Eko. [16]

See also

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References

  1. ↑ "Founder.org Home". FOUNDER.org.
  2. ↑ "Baum Funds Student Entrepreneurs". 18 June 2014.
  3. ↑ "Anti-Thiel Fellowship".
  4. ↑ "TechCrunch".
  5. ↑ "Anti-Thiel Fellowship". Fast Company. 30 June 2014.
  6. ↑ "Anti-Thiel Fellowship". Fast Company. 30 June 2014.
  7. ↑ Rebecca Axelrad. "UC Berkeley Skydeck rewarded $100K from FOUNDER.org". RightStartups. Retrieved June 25, 2013.
  8. ↑ La Lorek. "UT's AdBm Technologies A Finalist for Founders.org's 100K Big Ideas Competition". Silicon Hills, Technology News About Austin and San Antonio. Retrieved June 7, 2013.
  9. ↑ lalorek. "Five UT Semifinalists in Founder.org Competition". Silicon Hills Technology News About Austin and San Antonio. Retrieved May 21, 2013.
  10. ↑ "Founder.org Partner Schools". Founder.org.
  11. ↑ "Baum Funds Entrepreneurs". Read Write. 18 June 2014.
  12. ↑ https://finance.yahoo.com/news/founder-org-announces-1-1-140000632.html
  13. ↑ "Student-run startup lands $1.5M to help advertisers find bloggers who'll promote them (Exclusive)". 27 August 2014.
  14. ↑ "News and Analysis Archives".
  15. ↑ "Meet Downtown Orlando's Newest Tech Company".
  16. ↑ "Eco Raises 2M for Stethoscope".
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