Founder & CEO, Founder Institute
Adeo Ressi is CEO of the Founder Institute, an idea-stage accelerator and startup launch program with chapters in over 120 cities worldwide. The Institute’s mission is to Globalize Silicon Valley and help create 1 million new jobs.
Adeo serves as the Founding Member of TheFunded.com, an online resource for CEO’s to research, rate, and review funding sources worldwide. TheFunded.com has two goals: streamline the fundraising process and encourage more innovation through venture investment. Mr. Ressi has also served on the Board of the X PRIZE foundation, a non-profit chartered to inspire human achievements through competition. In his career, Adeo has founded or built 9 companies, four of which were acquired and four of which are still operating.
Mr. Ressi has pioneered a number of advances in the field of venture capital and fundraising. He developed “convertible equity” along with Yokum Taku, Partner at Wilson Sonsini Goodrich & Rosati, which is a financing vehicle that provides all of the flexibility of convertible debt without hindering a company with loans. It is estimated that as much as 50% of early stage angel deals use this structure, and well-known incubators, such as Y Combinator, have adopted the structure. He developed the Founder Advisor Standard Template (“FAST”), which provides a standardized equity sharing arrangement for early-stage companies to retain key strategic advisors. He has also created Class F, a founder-friendly incorporation structure that is adopted by many successful technology companies in Silicon Valley.