SPC’s Founder Fellowship is a different way for entrepreneurs to start a high growth, venture-backable startup. We give founders $400,000 to pursue an idea in exchange for 7% equity via a SAFE, help them ideate and iterate to a viable product, and assist them in raising from the best VCs in the world.
This application is for the 4th cohort of the Founder Fellowship. We invite potential founders of all ages to apply, so long as they can commit to working on their new company full-time. This job listing says unpaid, but founders are free to use the $400k in funding however they see fit, including paying themselves a salary—part of the point is to provide builders the financial runway to take their time and find the idea they want to work on for the next 5-10 years of their lives.
Founder Fellowship Cohort 4 is open to all company ideas. We are not restricting applications to a particular market or industry. However, we do have three emphasis areas that we are particularly interested in founders exploring: applied AI/ML, web3, and industries that fall into our New American Frontier (NAF) framework. These three thematic emphases reflect the past, present, and future of SPC—and the member networks, domain expertise, and company-building experience that develop with the focused attention of our membership.
For more about the Founder Fellowship, see our FAQ here.