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The Founder Institute Launches New York and Silicon Valley Semesters

Program on Pace to Graduate Over 300 Companies Annually

SAN FRANCISCO, Nov. 5 /PRNewswire-USNewswire/ -- The Founder Institute (www.FounderInstitute.com), a four month executive training program for technology entrepreneurs, is launching two new semesters in New York City and Silicon Valley today. With the addition of New York City, the Institute now operates in five cities and is on pace for an annual graduation rate of over 300 companies. Semesters in Washington DC and Seattle are currently accepting applications for sessions that start in December, and the semester in San Diego/Orange County started sessions earlier this week.

"The launch of New York puts the Institute on track to launch nearly ten times more companies than any similar program or incubator," says Adeo Ressi, Founding Member of TheFunded.com and the Founder Institute. "People from Boston to Canada have already expressed interest in joining the New York session, and Mentors are traveling around the country to train entrepreneurs from Washington DC to Silicon Valley. The unique model of sharing equity upside among all of the program stakeholders has created demand for the program all around the world."

The Founder Institute creates an environment where established Founders and CEOs (http://founderinstitute.com/information/mentors?target=6) mentor their peers in weekly training sessions on company-building topics. Program participants also enjoy discounted services from Institute Partners and a teamwork-oriented startup environment where equity is shared among all participants in the companies formed.

"This program is great for the New York City startup ecosystem," says Nate Westheimer, Executive Director of the New York Tech Meetup.

The Winter 2009 New York City Semester will be led by Craig Kanarick, Co-Founder and Former Chairman of Razorfish, Inc, with sessions taking place at New York startup venues, such as Rose Tech Ventures. New York Mentors include:

Anyone starting a technology company or thinking to become an entrepreneur is invited to apply at this link for New York (http://founderinstitute.com/apply/6) and at this link for Silicon Valley (http://founderinstitute.com/apply/7). The deadline for early admissions is November 15th, with all applications at both locations due by November 25th. The New York sessions start on December 3rd, and Silicon Valley sessions start on December 9th.

The Winter 2009 Silicon Valley Semester will once again be led by Adeo Ressi, after a successful Summer 2009 Bay Area semester that launched 54 companies and featured Mentors such as Jason Calacanis, Scott Heiferman, Mark Pincus, Michael Arrington and Philip Kaplan. In addition, the Washington DC Area Semester is accepting applications until November 24th at http://founderinstitute.com/apply/4, and the Seattle Semester is accepting applications until November 27th at http://founderinstitute.com/apply/5.

For more information go to www.FounderInstitute.com.

About The Founder Institute

The Founder Institute (www.FounderInstitute.com) is a business incubator and four month executive training program for both new and seasoned entrepreneurs. Through weekly sessions guided by renowned CEOs, the Founder Institute breeds disciplined founders ready to lead the next generation of high-tech companies. Program participants also enjoy discounted services from Institute Partners, fundraising opportunities at fair market value, and a teamwork-oriented startup environment where equity is shared among all participants in the companies formed.

SOURCE The Founder Institute