Kevin William David

FounderPool - De-Risking startup founders by pooling equity

Pool your startup equity with inspiring, VC-backed founders vested in your success. Diversify your financial risk and increase your odds of an exit. FounderPool is your go-to resource for Investor Intros, Hiring Referrals, Growth Advice, Partnerships & more.

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Ryan Hoover
Many people have talked about exploring this but it hasn't taken off (yet!). I'm curious if something's changed that makes this more likely to succeed now, @george_burke, @chandraduggirala, @manoj_duggirala?
Chandra Duggirala
@george_burke @manoj_duggirala @rrhoover Great question. 1. The density of the network. More startups now than 10 years ago, but also much more deeply connected. 2. Startups have become more luck dependent (wrote about it here: https://medium.com/@csentropy/2-...) 3. The perception of luck and uncertainty as factors in startup success is increasing amongst founders from our own surveys. We think together they suggest a tipping point. More impoirtantly, these informal networks like the paypal mafia have existed before. Our goal is to build the infrastructure for that strong network formally and for everyone.
Jim O'Neill
I'm so glad this exists and that it's run by such great people. First-time founders should be able to diversify just as serial founders always have. The psychological benefits of belonging to a cohort with aligned interests, and the economic benefits of being able to survive one failure are both significant.
Chandra Duggirala
@jim_o_neill High praise coming from you Jim. Thank you. The psychological benefits of having a support network are very under appreciated.
Inal Karov
Great idea! Will try to join the community 😃
George Burke
@ikarov Great. Glad to have you.
Alex Papageorge
Looks awesome!
George Burke
@alex_papageorge Thanks for the compliment and thanks for recommending FounderPool to your friend
Alex Papageorge
@george_burke Absolutely. Looks awesome! How long have you been working on the project?
Jake Tital
Love this idea. Cant wait to see how big you take this! You have my full support ?makers
Manoj Duggirala
@jaketital Thank you! 💪💪 -> 🚀🚀
Zach Bruhnke
Excited to see the execution guys, congrats on launch!
Manoj Duggirala
@zbruhnke Thank you Zach!
Parul Gujral
Huge fan. Congrats team!
Manoj Duggirala
Tomas Paulauskas
Guys, what stage startups can participate in this? how does selection work?
Manoj Duggirala
@tomaspaulo We are stage agnostic and have pool members from seed to unicorn status. However to date we have screened for funded companies to ensure there is a valuation. Selection is based on other founder rankings.
George Burke
@tomaspaulo When we started out, we assumed only pre-seed/seed companies would apply. Turns out we've had applications from companies as far along as SERIES D. A few applicants have raised 9-figures.
Richard Li
Bringing the Kindred ventures model to a far larger scale. Awsome.
Manoj Duggirala
@richard_li8 Thank you!
Victor Wu
Congrats on launching a new type of launchpad for founders! Diversification and derisking are important parts of investing + entrepreneurship, I’m glad FounderPool creates this superset PLUS the potential social outlet for those who lack it from being overworked. Some pondering questions: - What are the plans for scaling when there are hundreds of applicants? - How would founders be matched? - Who will lead the cohort pools and how are the numbers/terms determined for each cohort? - Is there a governance structure for each cohort?
Manoj Duggirala
@rightlung Thank you Victor. - We are creating a self serve platform, that makes it super fast and easy to form self selecting founders to join pools on their own. - Matching is based on preferences, stage and other factors, but each founder makes the decision to partner or not with companies. - Terms are standardized and we take care of pool formation when a minimum threshold is reached - Currently we manage each pool (fund), to take away burden from busy founders