Deadline: February 2, 2025
Applications are open for the South Park Commons (SPC) Founder Fellowship Spring 2025. SPC’s Founder Fellowship helps entrepreneurs start a venture-scale company by targeting support at the “-1 to 0” idea stage. They give founders their first outside investment, help them ideate and iterate to a viable product, find early customers, and assist in raising funding from the best VCs in the world.
They take a boutique approach with their founders. The cohort sizes are small, with one investor for every two companies. They do not have a required demo day or fixed timelines. They offer $400,000 to generate and pursue an idea in exchange for 7% equity via a SAFE. They also guarantee $600,000 in your next outside-led venture round.
You become a Founder Fellow as soon as you are accepted into the program, with immediate access to SPC community spaces, partners, and programming. The Fellowship itself has no defined end-date, but does have two distinct phases: 1) bootcamp, and 2) residency. During the bootcamp, teams work closely in-person in San Francisco or New York City to build, demo, and share feedback alongside each other. After the initial bootcamp, teams enter residency, which lasts as long as you need to reach conviction and get ready to raise your next round.
Fellowship
- Terms: $400k upfront for 7% on a standard SAFE, plus an additional $600k guaranteed in your next external funding round.
- Credits: They offer over $900k in credits and perks from companies including Baseten, OpenAI, Anthropic, Azure, GCP, AWS, Render, RunwayML, Figma, and many more.
Eligibility
- Open to founders exploring any venture-scale opportunity.
- You do not need an idea to apply. If you already have an idea or product, you are also welcome to apply.
- If you apply as a solo founder, they have a strong bias for applicants who have the skills to build and prototype. If you are accepted as a solo founder, you may benefit from a co-founder, and they can help in the search process — previous fellows have found co-founders in the SPC community.
Application
Applications are due by February 2, 2025. You will hear back about your application no later than February 21, 2025. The next cohort will start end of March 2025.
For more information, visit SPC Founder Fellowship.
