Founders guild epiphany
?
0 likes?306 views
The document proposes creating a "Founders' Guild" society to support entrepreneurs. It would work by having successful founders pool their personal wealth to invest directly in new founders over the long term, providing funding and resources at each stage of their ventures and careers. This founders-supporting-founders model could generate outsized returns compared to venture capital by backing serial entrepreneurs through multiple ventures and helping them succeed in building sustainable businesses and careers. The goal is to create a better system that treats founders more fairly and supports them throughout life.
Founders guild epiphany
- 1. an epiphany
- 3. If you added up the personal wealth of successful founders
- 4. It would dwarf all venture capital funds combined
- 5. So I ask you
- 6. What if founders teamed up?
- 7. and created our own society?
- 10. about all of things we HATE about RAISING MONEY
- 11. we just solve them ourselves
- 12. it would start with one founder with enough money to start
- 13. like me
- 14. then I¡¯d ask a few founders I know to join
- 15. then I¡¯d ask them to nominate a few founders of their own
- 16. and so on...
- 17. until...
- 18. it begins
- 19. But HOW would it work?
- 20. We¡¯d identify people we believe to be serial entrepreneurs at an early age
- 21. by using our own network to identify people that we already know
- 22. and by creating a national contest amongst Universities
- 23. to identify the 18 year olds we don¡¯t know
- 24. It¡¯s hard to get in
- 25. but once you¡¯re in
- 26. the guild does something AWESOME
- 27. it invests in you as a PERSON
- 28. for life
- 29. by committing to fund every startup you create
- 30. and supporting you until you succeed
- 31. it treats founders FAIRLY
- 32. by agreeing to let founders sell when they want to sell
- 33. by allowingall companies to have series FF class preferred
- 34. by letting founders choose their board structure and board members
- 35. by having transparent and shared term sheets amongst members
- 36. and then it helps them succeed
- 37. by having engineers on staff to help in the earliest days
- 38. by providing a database of engineers to hire
- 39. by providing a relationship path to large corporations via guild members
- 40. by having a private email list for answers to quick questions
- 41. by having private research available for deeper questions
- 42. by teaching the value of failing fast
- 43. but staying with the PERSON until they succeed
- 44. so founders have something they never imagined
- 45. a CAREER with us
- 46. and a way to become wealthy with us
- 47. and a way to invest back in us
- 50. imagine
- 51. if you did this with Mark Zuckerberg
- 52. who nailed it on his ?rst shot
- 53. you¡¯d have a 1,000x return
- 54. but here¡¯s the important math
- 55. if you did this with me
- 56. who took 3 times to succeed
- 57. or Mark Pincus
- 58. or Max Levchin
- 59. or any other serial entrepreneur
- 60. who took many times to ?gure it out
- 61. you¡¯d still have a RETURN that is 10x of any VC
- 62. ask yourself
- 63. what if I funded you?
- 64. for life
- 65. when you were 20
- 66. do you think you would succeed?
- 67. I do
- 68. do you think my investment would PAY OFF?
- 69. I do
- 70. do you think we¡¯d create a better world for FOUNDERS?
- 71. I do
- 72. what if this is actually HAPPENING?
- 73. It is