IxD Capital News

Demo Day Moscow-2020 | The Founder Institute

IxD Capital took part at the Demo Day Moscow-2020 of The Founder Institute

Latest batch of startups pitch front of a high profile audience of investors, CEOs and media representatives took place on February 25, 2020 in Moscow.

The Founder Institute is the world’s largest pre-seed startup accelerator, having helped launch over 5,000 companies across 200+ cities and six continents.

The company was founded in 2009 by serial entrepreneur Adeo Ressi and his colleague, Jonathan Greechan. The idea for the program spawned from operating TheFunded.com, where it became apparent that most entrepreneurs at the idea and launch stages lacked the structure, feedback, and support network needed to be successful.

News of the launch was announced on TechCrunch, the first Founder Institute program methodology was crowdsourced by over 10,000 CEO members of TheFunded.com, and the inaugural program started in May 2009 in a small classroom at Stanford University.

Although based in Silicon Valley, The Founder Institute maintains chapters in over 200 + cities and more than 65 nations.

There were originally no plans to expand beyond Silicon Valley, but upon receiving immense inbound interest to launch the program in other cities, the Founder Institute began to expand.

Today the program is localized into 9 languages.

In total, Founder Institute Alumni have raised over $ 975M and are worth an estimated $ 30B.

The Founder Institute’s mission is to empower communities of talented and motivated people to build technology businesses that positively impact the world — no matter their location, background, race, age, or sexual orientation.

The goal is to reach 80% of global alumni building businesses that address the UN SDGs by 2030.