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Tuesday, November 30, 2010
The Founder Institute Publishes Blacklist Of ?Unsavory Characters?
The Founder Institute, a very early stage startup accelerator and entrepreneur training program, was launched in 2009 by Adeo Ressi. The company now has programs in a variety of cities in the U.S. and around the world - ten cities at the last count. That's a lot of startups flowing through the program, and Ressi often gives advice to young companies even after the program is over. One thing he doesn't like are people and companies that do things that add friction to the already difficult task of building a company (or otherwise piss him off). And he usually doesn't waste a lot of time before jumping right in and slamming anyone he thinks is guilty of being an "unsavory character." Today, for example, he began publishing a blacklist of these companies, available only to people who've gone through the program. First on the list is a law firm, Gunderson Dettmer, that often represents venture capitalists and startups. Over-lawyering by the first apparently caused one venture deal to fall apart.
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