Let's sum up. 4 founders + 1 angel commit to monthly 4FF-sessions for 1 year. To get warmed up, the first 3 sessions are fortnightly. Sessions are 2 hours long. Pizza + beer, or suchlike after the 1st hour. Each founder contributes $200 upfront.
IS 4FF ONLY FOR FOUNDERS THAT HAVE TAKEN ANGEL INVESTMENT?
Initially, yes. However, we will review this over time to also include startups that have received funding from any source, be that bootstrapping, friends and family, angels or VCs. The critical participation requirement is that 4 founders can be matched with each other and with 1 angel.
Can the $200 contribution be paid in installments?
Unfortunately, not. 4FF is a lean organisation, run by voluneers and processing part payments would create additional overhead.
I'm already meeting regularly with another founder, can we join together?
Can I join the meetings virtually?
To be effective each 4FF group needs to build trust and bond. We believe this is best achieved with in-person meeting. Therefore, we form groups where everyone has a good chance to attend once a month and be in the room with everyone.
is this a prospecting ploy by angel investors?
NO! We know this is helpful for founders and more effective and sustainable than many other advisory models. We help with the matching and meeting rooms but then leave the groups to run autonomously. The group members sign up to a mutal confidentially agreeement and what happens in the sessions stays with those individuals.