The Nonlinear Library EA - AIM (CE) new program: Founding to Give. Apply now to launch a high-growth company! by CE
Mar 14, 2024
08:10
Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: AIM (CE) new program: Founding to Give. Apply now to launch a high-growth company!, published by CE on March 14, 2024 on The Effective Altruism Forum.
TLDR: This post introduces you to Ambitious Impact's (Charity Entrepreneurship) new program:
Founding to Give. It is a pre-incubator program that will help you launch a high-growth company to donate to high-impact charities. You can apply via this
joint application form.
Why a Founding-to-Give Program?
Our analysis reveals that pursuing this career path could yield an average donation potential of $1M USD per individual annually, aligning with findings from
similar
analyses. Comparable to the nature of entrepreneurial ventures, the distribution of outcomes is heavily skewed, yet even the median donation capacity of $130K per year situates this career choice within the same range as other impactful roles. Moreover, a successful venture in this direction can have other benefits like enhancing funding diversity and mitigating the mid-stage funding gap, topics we will delve into in a subsequent section.
A more in-depth exploration of our methodology can be found in
the report.
What is Founding to Give pre-incubator?
Founding to Give is a new pre-incubator program run by
Ambitious Impact (previously Charity Entrepreneurship). It aims to help you launch a high-growth company to donate to high-impact charities.
At AIM Founding to Give pre-incubator, we'll help you with:
Finding a value-aligned co-founder with a complementary skillset and personality.
Identifying and testing an exceptional business idea.
Building a strong business pitch.
Crafting a plan for your next steps.
We want you to go from a simple idea to a strong co-founding team that can pitch to the best incubators or investors in the world.
The program will run January-March 2025, and you can apply by April 14, 2024, via our
joint application form below:
Or
sign up here to join us for a special event with the Founding to Give Program Managers on March 26, 2024, 6 PM GMT, to learn more and ask any questions you may have about this program.
What does the program offer
We will select a cohort of exceptionally talented and value-aligned potential co-founders with our highly effective vetting process, which has helped us launch over
30 successful nonprofits.
In the first part of this intensive, cost-covered program, we will help you find or refine the best idea, build your skills and confidence, and match with the best person to launch this new company with.
In the second part of the program, we will provide you with two additional months of funding to cover living and office costs. This is the time when you will refine your pitch and business plan and have a chance to apply to incubators or raise seed capital.
We will connect you to mentors, fellow entrepreneurs, and experienced investors who will support you with advice and best practices.
What do we ask for
We don't care about making money for ourselves. We care about making the biggest difference in the world. That is why we do not take any equity, ask for board seats, or hamstring your company's growth in any other way. Instead, we ask that participants commit to donating a minimum of 50% of their personal exit earnings above $1m to effective charities, similar to what the signatories of the
Founders Pledge or the
Giving Pledge are doing.
Many established, highly impactful charities (in particular global health charities) have
significant room to absorb more funding effectively. New effective charities can have
significant funding gaps, too, which may prevent them from scaling up and improving the lives of millions. That is why the funds you will raise could have a huge impact.
Is this a good fit for you
If you're excited by the entrepreneurial career path, look to find or refine your business idea, if you have not...
TLDR: This post introduces you to Ambitious Impact's (Charity Entrepreneurship) new program:
Founding to Give. It is a pre-incubator program that will help you launch a high-growth company to donate to high-impact charities. You can apply via this
joint application form.
Why a Founding-to-Give Program?
Our analysis reveals that pursuing this career path could yield an average donation potential of $1M USD per individual annually, aligning with findings from
similar
analyses. Comparable to the nature of entrepreneurial ventures, the distribution of outcomes is heavily skewed, yet even the median donation capacity of $130K per year situates this career choice within the same range as other impactful roles. Moreover, a successful venture in this direction can have other benefits like enhancing funding diversity and mitigating the mid-stage funding gap, topics we will delve into in a subsequent section.
A more in-depth exploration of our methodology can be found in
the report.
What is Founding to Give pre-incubator?
Founding to Give is a new pre-incubator program run by
Ambitious Impact (previously Charity Entrepreneurship). It aims to help you launch a high-growth company to donate to high-impact charities.
At AIM Founding to Give pre-incubator, we'll help you with:
Finding a value-aligned co-founder with a complementary skillset and personality.
Identifying and testing an exceptional business idea.
Building a strong business pitch.
Crafting a plan for your next steps.
We want you to go from a simple idea to a strong co-founding team that can pitch to the best incubators or investors in the world.
The program will run January-March 2025, and you can apply by April 14, 2024, via our
joint application form below:
Or
sign up here to join us for a special event with the Founding to Give Program Managers on March 26, 2024, 6 PM GMT, to learn more and ask any questions you may have about this program.
What does the program offer
We will select a cohort of exceptionally talented and value-aligned potential co-founders with our highly effective vetting process, which has helped us launch over
30 successful nonprofits.
In the first part of this intensive, cost-covered program, we will help you find or refine the best idea, build your skills and confidence, and match with the best person to launch this new company with.
In the second part of the program, we will provide you with two additional months of funding to cover living and office costs. This is the time when you will refine your pitch and business plan and have a chance to apply to incubators or raise seed capital.
We will connect you to mentors, fellow entrepreneurs, and experienced investors who will support you with advice and best practices.
What do we ask for
We don't care about making money for ourselves. We care about making the biggest difference in the world. That is why we do not take any equity, ask for board seats, or hamstring your company's growth in any other way. Instead, we ask that participants commit to donating a minimum of 50% of their personal exit earnings above $1m to effective charities, similar to what the signatories of the
Founders Pledge or the
Giving Pledge are doing.
Many established, highly impactful charities (in particular global health charities) have
significant room to absorb more funding effectively. New effective charities can have
significant funding gaps, too, which may prevent them from scaling up and improving the lives of millions. That is why the funds you will raise could have a huge impact.
Is this a good fit for you
If you're excited by the entrepreneurial career path, look to find or refine your business idea, if you have not...