Part of SV.CO Playbook Slides, these help you understand the agreements each founder has to sign with SV.CO

1. SV.CO
Agreements

2. A 6 month online course
on how to build a
great startup

3. + 5 years of
graduation support.

4. Our fees are also
structured on the same
model.

6. A compulsory fee for
the six month program.

7. + success-based fee
for the next 5 years.

8. For the first few batches,
we’ll be offering scholarships
for the 75K compulsory fee.

9. These terms and conditions are
codified in a legal agreement that
all selected founders sign with
SV.CO

10. So we understand that it’s
the first time you might be
signing a legal agreement.

11. This presentation is quick
overview of the
terms of the agreement.

12. The full agreement is
available in the Playbook:
playbook.sv.co

13. So, terms:

14. The compulsory fee is simple:
a one-time 75,000
fee per founder
for the six-month program.

15. As discussed, we’ll be offering
scholarships for the first few
batches, so you will not have to
pay this fee.

16. The
success-based fee
applies though.

17. It’s based on an easy to
remember:
2.5/5/10/20/30 formula.

18. You pay
2.5% arranger’s fee
when we introduce you to an
investor, and they put in funds.

19. You pay
5% lead fee for revenue generated
for the first 3 years
when we introduce you to a potential
customer, and you sign a deal.

20. You pay
10% referral fee
of your annual salary for the first year
when we introduce you to a potential
employer, and you accept a job offer.

21. You pay
20% acquirer fee
for the deal size
when we introduce you to a potential
acquirer, and you accept an acquisition.

22. We have the right to
invest more money into your startup:
up to 30% of your funding round
at a 30% discount
when you receive funding from investors.

24. The agreement has a
validity period of 5
years

25. The same duration as you receive
support from us, but it is only
triggered on success conditions

26. So if you decide to leave or
abandon your startup,
nothing binds you to SV.CO

27. Common questions:

28. Q: If I get a job from somewhere else, do I
have to pay anything to SV.CO?
A: No. Only if we introduce, and only after
you accept the job offer do you pay.

29. Q: Can a few founders leave after a while?
A: Yes absolutely. The agreement does not
prevent you from doing what you want.

30. Q: This seems to be a lot of clauses. I don’t want to
sign! Can I get a custom agreement?
A: If you think this is excessive, or you receive
advice not to sign this agreement, then please do
not sign.

31. Q: Why do I have to
sign an agreement?

32. We’re providing you with a lot of
resources, great perks, world-class
faculty and an
intensive six-month learning program.

33. This is not cheap :)

34. And we need to be
sustainable to help the next
batch of students coming in.

35. We’ve carefully designed
the fees to be applicable
only on success conditions.

36. Unlike a lot of other
incubators, we do not
accept equity upfront.

37. We succeed
when you do!

38. Finis: Questions?