South Park Commons (SPC) Founder Fellowship Spring 2025 – YOA

Deadline: February 2, 2025

Applications are open for the South Park Commons (SPC) Founder Fellowship Spring 2025. SPC’s Founder Fellowship helps entrepreneurs begin a enterprise-scale firm by concentrating on help on the “-1 to 0” concept stage. They give founders their first exterior funding, assist them ideate and iterate to a viable product, discover early clients, and help in elevating funding from the most effective VCs on the earth.

They take a boutique method with their founders. The cohort sizes are small, with one investor for each two firms. They do not need a required demo day or mounted timelines. They provide $400,000 to generate and pursue an concept in change for 7% fairness by way of a SAFE. They additionally assure $600,000 in your subsequent exterior-led enterprise spherical.

You develop into a Founder Fellow as quickly as you’re accepted into this system, with fast entry to SPC neighborhood areas, companions, and programming. The Fellowship itself has no outlined finish-date, however does have two distinct phases: 1) bootcamp, and a couple of) residency. During the bootcamp, groups work carefully in-particular person in San Francisco or New York City to construct, demo, and share suggestions alongside one another. After the preliminary bootcamp, groups enter residency, which lasts so long as you could attain conviction and prepare to boost your subsequent spherical.

Fellowship

• Terms: $400k upfront for 7% on a regular SAFE, plus an extra $600k assured in your subsequent exterior funding spherical.
• Credits: They provide over $900k in credit and perks from firms together with Baseten, OpenAI, Anthropic, Azure, GCP, AWS, Render, RunwayML, Figma, and plenty of extra.

Eligibility

•  Open to founders exploring any enterprise-scale OPPORTUNITY.
• You don’t want an concept to apply. If you have already got an concept or product, you’re additionally welcome to apply.
• If you apply as a solo founder, they’ve a powerful bias for candidates who’ve the abilities to construct and prototype. If you’re accepted as a solo founder, it’s possible you’ll profit from a co-founder, they usually will help within the search course of — earlier fellows have discovered co-founders within the SPC neighborhood.

Application

Applications are due by February 2, 2025. You will hear again about your application no later than February 21, 2025. The subsequent cohort will begin finish of March 2025.

Click here to apply

For extra info, go to SPC Founder Fellowship.