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Tech startups with a diverse founding teams are proven to be bigger, faster, stronger.*
Tech startups with diverse founders are more capital-efficient than the norm - realizing comparable returns with 1/3 less capital investment.
Tech startups with diversity in top management achieve 35% higher ROE and 34% better total return to shareholders versus their peers.
*Cindy Padnos, Illuminate Ventures, Research Study
Opportunity for investors
Fast growing startup opportunities in mobile will thrive with an ecosystem of knowledge, mentors and investors.
Opportunity for investors
Founder Labs is a source of new mobile startup ideas with diverse founding teams. Founder Labs is a 5-week pre-incubator focused on the first phase of launching a mobile startup - finding a team and validating the business idea. Through Founder Labs, aspiring founders build a founding team, learn technical, lean startup skills, validate ideas to find the right product-market fit and rapidly prototype and test.
What does this look like? The breakdown: 50% male, 50% female. 50% technical, 50% non-technical.
10 engineers/developers
5 designers
5 business/marketing mavens
These 20 participants work in teams, 5 days a week, to produce 5 minimum viable products over the 5 week period.
Founder Labs is a pre-incubator for new mobile startup ideas
Founder Labs is a pre-incubator program for individuals to:
1.) Build a founding team2.) Learn technical, lean startup and rapid prototyping skills3.) Validate ideas to find the right product-market fit with customer development skills4.) Build an initial prototype
Participants are selected from a submission pool of highly talented and ambitious young executives from a variety of fields.
Teams work in parallel on developing a minimum viable product through rapid prototyping, and constantly testing these prototypes and business assumptions with target markets.
During the Founder Labs pre-incubator program, teams moonlight on a problem hypothesis with the intent of applying to incubators such as 500Startups, Astia, TechStars or YCombinator after the idea is validated and a basic prototype (minimum viable product) created. Alternately, teams may launch and grow their startups independently after the program.
Founder Labs is a pre-incubator for new mobile startup ideas
Founder Labs is a one of a kind program focused on the first stage of entrepreneurship in mobile.
Founder Labs is a unique program serving a specific need in the entrepreneurial ecosystem. It adds to the startup value chain with it’s unique positioning:
1.) Pre-team, pre-idea focus on getting teams formed and ideas validated2.) Focus on Mobile and (in the future) other emerging industries3.) Creating diverse founding teams
Founder Labs is a pre-incubator for new mobile startup ideas
Visiting Advisors are leaders in their field teaching key startup lessons.
Each Thursday, Founder Labs teams present their progress and learn a new startup skill from Visiting Advisors. Visiting Advisors are selected individuals who are leaders in their field. During the week, the teams conduct live customer interviews and rapidly prototype a minimum viable product.
Founder Labs Weekly topics lead teams from idea generation to idea validation, to customer validation to minimum viable product.
Lean Startup
Eric Ries (Author, Lean Startup)
Lean Startup Marketing
Dave McClure (500 Startups)
Customer Development
Steve Blank (Author, Customer Development) Ann Miura-Ko (Partner,
Floodgate Fund)
Business Modeling
Alexander Osterwald (Author, Business Model Generation)
Startup Funding
Theresia Gouw Ranzetta (Partner,
Accel Partners)
Visiting Advisors
Idea Generation and Design
Thinking
Rajiv Patel (Lift Projects)
Carol Realini, Founder, Chairwomen, Obopay
Christina Brodeck, Angel Investor, prev YouTube
Cindy Alvarez, Product Manager, KissMetrics
Dan Martell, CoFounder, Flowtown
David Weeky, Founder, PBWorks and Hacker DoJo
Hiten Shah, Founder KissMetrics
Jenny Fielding, Startup Advisor
Lars Kamp, Senior Exec, Accenture (Mobile practice)
Jeff Clavier, Managing Partner, Softech VC
John Malloy, Founder Partner, Blue Run Ventures
Jon Callaghan, Founding Partner, True Ventures
Julia Hartz, Founder, Eventbrite
Mari Baker, CEO, Playfirst
Mike Rowehl, Hacker, Investor, Entrepreneurs
Puneet Agarwal, Partner, True Ventures
Rebecca Lynn, Principal, Morganthaler Ventures
Saad Khan, Partner, CMEA Capital
Sukhinder Singh Cassidy, Entrepreneur
Mentors provide support to the teams during the 5 week period.
Each Wednesday, teams meet one on one with Mentors to gain insights, guidance and feedback on their startup idea, customer development progress and minimum viable product.
Mentors
Case Study: FoodspottingFounder Alexa hatched the idea of Foodspotting at the pre-cursor to Founder Labs, a program called Jumpstart Your Startup. She then attended a Women 2.0 Startup Weekend and built a basic prototype and met her first investor. Foodspotting recently raised $3mi from Blue Run Ventures.
Case Study: SpoondateFounder Raissa, relocated from Europe (via Africa and NYC) to attend Founder Labs. In Founder Labs she met her co-founder, Van Nguyen and released an alpha product. Within 4 months of finishing Founder Labs, she secured angel funding from accelerator fund 500Startups.
We already have some success stories!
Founder Labs is a place for to build a co-founding team, learn startup skills, validate ideas, build a rapid prototype and establish a valuable network of mentors and investors. Meet two success stories!
Founder Labs Success Stories
Case Study: House of MikkoFounder Kimberly came to Founder Labs with just a business idea and has walked away customer validation and minimum viable product. She validated customer needs and is currently continuing to build her product and community.
Case Study: Cake HealthAfter completing the Founder Institute, Rebecca came to Founder Labs to find her team and build a basic prototype for her business idea. Cake Health is currently under product development and has established their founding team.
Founder Labs is the source of emerging ideas.
Founder Labs is start of new, fresh startup ideas and where new, diverse founding teams are built. Meet some notable starts from Founder Labs that we have our eyes on!
Founder Labs Notable Up Starts
We have hosted 3 Founders Labs to date.
Founder Labs is growing and evolving. Our first two Founder Labs, at True Ventures focused on the consumer web. Upcoming sessions will be focused on mobile. The entry into New York is significant.
Summer 2010San Francisco
Fall 2010San Francisco
Winter 2011Menlo Park
Spring 2011New York
Summer 2011San Francisco
More...
Founder Labs to date
Founder Labs in the News
Operating team
Shaherose Charania, CEO, Co-Founder
Baat Enosh, VP Operations
Program Advisors
Brad Feld (Partner, Foundry Group)
David Cohen (Founder, TechStars)
We have all done this before! Meet the Founder Labs Team
Founder Labs is run partially by staff and partially by the dedicated startup community’s members as Founding Fellows and Super Mentors. Meet the immediate Operating Team, Program Advisors and Founding Fellows.
Visiting Advisors
Steve Blank (Creator, Customer Development)
Eric Ries (Creator, Lean Startup)
Dave McClure (Partner, 500Startups)
Alex Osterwald (Author, Business Model Generation)
Theresia Gouw Ranzetta (Partner, Accel Partners)
Ann Miura-Koo (Partner, Floodgate Fund)
Founder Labs Team
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