SV.COAgreements

A 6 month online course on how to build a

great startup

+ 5 years of graduation support.

Our fees are also structured on the same

model.

A compulsory fee for the six month program.

+ success-based fee for the next 5 years.

For the first few batches, we’ll be offering scholarships

for the 75K compulsory fee.

These terms and conditions are codified in a legal agreement that

all selected founders sign with SV.CO

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

This presentation is quick overview of the

terms of the agreement.

The full agreement is available in the Playbook:

playbook.sv.co

So, terms:

The compulsory fee is simple: a one-time 75,000

fee per founder for the six-month program.

As discussed, we’ll be offering scholarships for the first few

batches, so you will not have to pay this fee.

The success-based fee

applies though.

It’s based on an easy to remember:

2.5/5/10/20/30 formula.

You pay 2.5% arranger’s fee

when we introduce you to an investor, and they put in funds.

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.

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.

You pay 20% acquirer feefor the deal size

when we introduce you to a potential acquirer, and you accept an acquisition.

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.

The agreement has a validity period of 5

years

The same duration as you receive support from us, but it is only

triggered on success conditions

So if you decide to leave or abandon your startup,

nothing binds you to SV.CO

Common questions:

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.

Q: Can a few founders leave after a while?

A: Yes absolutely. The agreement does not prevent you from doing what you want.

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.

Q: Why do I have to sign an agreement?

We’re providing you with a lot of resources, great perks, world-class

faculty and an intensive six-month learning program.

This is not cheap :)

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

We’ve carefully designed the fees to be applicable

only on success conditions.

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

We succeed when you do!

Finis: Questions?