© 2020 sFoundation Inc.  All rights reserved.

Frequently Asked Questions

1. How long is the startup accelerator program?

 

Our accelerator program is eight weeks long.  A big portion of the program will be geared towards expanding beyond your first customer, but a substantial amount of the time will be devoted to networking with other individuals, startups, and the investment world to further your startup, in learning how to build a startup company culture, and how to run a company prudently.

 

2. When is the next cohort starting?

 

The next cohort (2020 Spring Cohort) will start on April 6, 2020, and ends on May 31, 2020.  The cohort will consist of about ten startups.

 

3. When is the application deadline?

 

We are accepting applications now and until March 15, 2020.

 

4. I have submitted my application before, do I need to re-submit for this cohort?

 

Yes.

 

5. What happens after I have submitted the preliminary application?

 

We have a rolling admission process.  After you have submitted your application, we will contact you if you are selected to move on to the next stage of our application process.

 

6. How much will it cost to join the accelerator program?

We have two cohort programs: standard, and Warrant pool.  The fees will be $997 for the standard program, and 3% equity for the Warrant pool program.  We do not charge any application fee.  There may be a desk fee if applicable.  For the warrant pool program, we help the founders to succeed in return for small stakes in the companies.  The equity (3%) will be in Warrants to a ten-year pool, and during a liquidity event, the pool will be distributed to: 1% to the startup founders who contribute to the Warrant pool, 1% to mentors, and 1% to sFoundation.

 

7. What is the difference between a regular cohort and a virtual cohort?

 

There is only one difference between the two.  If you are in the regular cohort, you will be attending the program in person.  If you are in the virtual cohort, you will be attending the program through Zoom.  Our Virtual cohort is only available to international startups.

 

8. Will you be providing an initial funding?

 

No.  We may provide funding for future cohorts.  We may invest in qualified startup(s) after the end of each cohort.

 

9. Will there be a demo/pitch night?

 

About one week after the completion of the program, a night will be set aside for founders to pitch their products.

 

10. Where will the cohort be located?

 

It will be located in Santa Clara, CA, in the heart of Silicon Valley.

 

11. Will you sign an NDA?

 

No.  Though we are committed to an informal confidentiality on your idea and application.

 

12. What kind of commitment do you need from me?

 

You will need to be living around the Silicon Valley area and be committed to the 8-week program.  If you are in the Warrant pool program, you will also need to be able to have a US c-corp company with a FEIN number, and be a US citizen, a permanent resident, or have a valid long term visa.  There will be one or two 2-hour training sessions in the morning each week and a 2-hour collaborative session (Founders' Group).  You are on your own the rest of the time to build your products or services.

 

13. Can you sponsor my visa?

 

No, as long as you can come to the San Francisco Bay area for the duration of the 2-month cohort.  We don't get involved in any visa applications.