Founder Institute rising.
The latest issue of Entrepreneur Magazine just came out and it was great to see Adeo Ressi, creator of the Founder Institute, on the cover. In this issue, he, along with other entrepreneurs talk about the characteristics of a startup founder. The print version of the magazine also has some sample questions so that you can take a quick version of the Founder Institute test to determine (initially) if you have entrepreneurial DNA. The full version of the test can be taken here.
For accelerators, it’s important to be very careful in selecting the candidates with whom they will be working. Most, such as YCombinator, choose based on a number of criteria that they discern from an online application and in-person interview. As I mentioned in an earlier post, the Founder Institute decided to use an online aptitude exam that tests for a variety of characteristics. It’s an interesting and unique approach.