112:. Decile Group is a full-stack venture capital platform for emerging managers worldwide and helped launch nearly 50% of all VC firms in 2023 with the VC Lab accelerator. Founder Institute, a pre-seed accelerator, operates chapters in over 250 cities and supports more than 7,000 portfolio companies. Ressi’s previous startups, including Methodfive, Game Trust, and Total New York, resulted in nearly $ 2 billion in exits by the age of 30. He has also launched 14 venture capital funds, served on the board of the
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remaining capital. Ressi was forced to take out a bridge loan from existing investors to keep Game Trust afloat. Even so, by the fall of 2005, Game Trust had secured $ 9 million in funding, including $ 3 million from TWJ Capital. After a failed development project at Game Trust in 2006, Elon Musk was voted off the board of directors and replaced with the son of TWJ Capital founder Thomas Jones. Jones would try unsuccessfully to take control of Game Trust away from Ressi.
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249:. The organization was co-founded with longtime colleague Jonathan Greechan. The goal of the institute was to combat startup failure and "globalize Silicon Valley." As of 2014, the institute had expanded to over 80 cities and 40 nations worldwide. Ressi wanted to help entrepreneurs create better businesses, and also wanted to understand the ingredients for a successful entrepreneur.
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Founder
Institute targets having 80% of its portfolio companies work on For Progress businesses that address one or more of the 17 United Nations Sustainable Development Goals. VC Lab created the Mensarius Oath, an ethical code of conduct for investment professionals, and asks every venture firm that it works with to publicly support the Mensarius Oath.
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in 2007, but his experience with venture capitalists led him to start TheFunded in 2007. The website is designed to allow entrepreneurs to write anonymous reviews about venture capital groups and their processes. The website was met with derision from venture capital groups, but proved to be popular
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in 2005. On the day of the deal, however, representatives from
Softbank informed Ressi that they were pulling out. The investment would have been worth $ 10 million. Because Ressi was contractually obligated to not seek other investors while negotiating with Softbank, Game Trust was left with little
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In 2021, VC Lab was spun out as an independent company, as part of Decile Group, and Ressi became the CEO of Decile Group and
Executive Chairman of Founder Institute. Ressi emphasizes innovation in his work, aiming to transform venture capital into a force for good and to fund impactful companies.
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in 2000 for $ 88 million. Ressi used the money from his previous two ventures to found Game Trust, a developer of online casual game infrastructure, in 2002. Game Trust had a successful first round of funding in 2003, securing investments from
Silicon Valley Venture Partners and
144:. He spent four summers in Arcosanti as its youngest working resident. He was often tasked with performing menial jobs like cleaning out sewage pipes. His experiences at Arcosanti piqued his interest in environmental issues and influenced his career path to some degree.
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without hindering a company with loans. Convertible Equity was given by Ressi to attorneys at Y Combinator and was renamed the SAFE Note. In addition, he was interviewed by The New York Times as part of a cover story of the Sunday
Business Section of the newspaper.
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In 2011, in collaboration with Orrick Law Firm, Ressi and the
Founder Institute released the Founder Advisor Standard Template ("FAST" Agreement), a simple legal framework entrepreneurs can use freely to create relationships with business advisors.
159:. Ressi and Musk opened an unofficial "nightclub" at their house, boasting as many as 500 patrons on a single night. As an undergraduate, he founded the Social Revolutionary Club and started an environment-themed campus newspaper called,
232:. The site had 1,000 anonymous entrepreneur members by March 2007. In order to remain anonymous himself, Ressi adopted the pseudonym of "Ted." In November 2007, Ressi decided to reveal his identity in a piece in
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In 2012, in collaboration with Wilson
Sonsini Goodrich Rosati, Ressi and the Founder Institute released "Convertible Equity", a financing vehicle that provides all of the flexibility of
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purchased Total New York for an undisclosed amount of money and redubbed it AOL Digital City. Ressi founded methodfive, a web development firm, in 1995 and sold it to
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In 2020, Ressi launched VC Lab, a free training program for venture capitalists worldwide, as part of the
Founder Institute, which was covered in
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Born
Adeodato Gregory Ressi di Cervia on April 3, 1972, Ressi is Italian-American, and was raised in New York City's
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After ending his collegiate career, Ressi co-founded Total New York, a localized news website, in 1994. In 1997,
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In 2023, Ressi led the development of a large language model for venture capital at Decile Group, called
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major. He spent four years in college but did not receive his degree, because he wanted to use copies of
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among entrepreneurs. Ressi intended to keep the site anonymous, but news about its existence leaked to
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628:"Founder Institute is back in Brussels this autumn: join to learn the ropes of running a startup"
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835:
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728:"VC Lab introduces free fund formation documents to make startup investing cheaper and easier"
600:"This Entrepreneur Publicly Spanked America's Most Arrogant VCs... And Lived To Tell The Tale"
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836:"The Founder Institute's VC Lab is a free training program for budding venture capitalists"
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479:"One of venture capital's harshest critics — Adeo Ressi — is launching a VC firm"
312:"The Founder Institute's Adeo Ressi on his plans to leave no entrepreneur behind"
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In 2009, Ressi embarked on another venture called The
Founder Institute, a
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451:"The Man Behind the VC Slagfest at TheFunded.com Reveals Himself to Wired"
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655:"Taking stock of Jakarta Founder Institute grads: Who's still standing?"
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933:"Venture capitalists get AI tool to answer legal and tax questions"
546:"Adeo Ressi's Founder Institute Sprouts Start-ups Around The Globe"
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860:"Founder Institute: World's largest pre-seed startup accelerator"
363:"Founder Institute: World's largest pre-seed startup accelerator"
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703:"Convertible Equity, A Better Alternative To Convertible Debt?"
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908:"VC Lab - The Premiere Venture Capital Accelerator - VC Lab"
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339:"VC Lab - The Premiere Venture Capital Accelerator - VC Lab"
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105:
859:
678:"Free Startup Docs: How Much Equity Should Advisors Get?"
973:
786:"Inside the Mindset of Silicon Valley's Tech Innovators"
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338:
988:
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The second round of funding was due to be provided by
753:"Founder Institute's Requirement: Create a Company"
245:and entrepreneur training program headquartered in
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60:
50:
40:
21:
132:. As a child, he asked his parents to send him to
510:"Adeo Ressi on Entrepreneurs and Startup Culture"
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219:Adeo Ressi speaking at the Startup Festival 2014.
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238:. By January 2008, TheFunded had 3,600 members.
268:, and began writing as a Guest Contributor to
8:
264:In 2015, Ressi was featured on the cover of
203:Adeo Ressi speaking at a conference in 2010.
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1019:Businesspeople from Palo Alto, California
653:Cosseboom, Leighton (16 September 2014).
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175:instead of writing a traditional paper.
884:"THE 17 GOALS | Sustainable Development"
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598:Greathouse, John (16 September 2013).
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151:where he spent time as a housemate of
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223:Ressi eventually sold Game Trust to
401:Ante, Spencer E. (9 January 2008).
572:Hopkins, Mark (15 November 2007).
449:Adler, Carlye (15 November 2007).
16:American entrepreneur and investor
14:
1024:University of Pennsylvania alumni
1014:Businesspeople from New York City
544:Cohan, Peter (5 November 2012).
751:Seligson, Hannah (2012-07-28).
626:Exter, Leo (7 September 2014).
310:Ha, Anthony (12 October 2009).
947:"Decile Base is the AI for VC"
811:"Adeo Ressi - Adeo Ressi Blog"
574:"theFunded: Ted is Adeo Ressi"
147:Ressi attended college at the
1:
477:Tweney, Dylan (15 May 2014).
784:Ankeny, Jason (2015-02-13).
931:Primack, Dan (2023-12-04).
630:. WeStartup. Archived from
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834:Ha, Anthony (2021-02-05).
726:Eldon, Eric (2021-10-15).
149:University of Pennsylvania
140:, rather than traditional
136:, an experimental town in
108:and Executive Chairman of
55:University of Pennsylvania
1029:American chief executives
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124:Early life and education
515:Bloomberg Businessweek
408:Bloomberg Businessweek
403:"Show Me the Moneymen"
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979:The Founder Institute
951:The Founder Institute
864:The Founder Institute
367:The Founder Institute
266:Entrepreneur Magazine
247:Palo Alto, California
218:
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165:environmental studies
82:The Founder Institute
72:Founder & CEO of
100:is the founder and
45:New York City, U.S.
757:The New York Times
522:on August 12, 2012
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114:X Prize Foundation
508:(9 August 2012).
243:startup incubator
110:Founder Institute
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415:on July 26, 2012
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984:Decile Group
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790:Entrepreneur
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163:. He was an
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155:co-founder,
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106:Decile Group
97:
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77:Decile Group
64:Entrepreneur
994:Decile Base
912:govclab.com
888:sdgs.un.org
484:VentureBeat
343:govclab.com
317:VentureBeat
288:Decile Base
169:Green Times
161:Green Times
142:summer camp
1003:Categories
956:2023-12-13
917:2024-05-29
893:2024-05-29
869:2024-05-29
845:2023-12-13
840:TechCrunch
820:2016-11-22
795:2016-11-22
770:2016-11-22
737:2023-12-13
732:TechCrunch
712:2016-11-22
707:TechCrunch
687:2016-11-22
682:TechCrunch
661:7 December
638:7 December
611:7 December
583:7 December
557:7 December
526:7 December
490:7 December
462:7 December
419:7 December
372:2024-05-29
348:2024-05-29
323:7 December
294:References
277:TechCrunch
230:TechCrunch
98:Adeo Ressi
61:Occupation
23:Adeo Ressi
974:TheFunded
765:0362-4331
157:Elon Musk
134:Arcosanti
118:TheFunded
87:TheFunded
578:Mashable
138:Arizona
989:VC Lab
815:Forbes
763:
605:Forbes
551:Forbes
179:Career
173:thesis
153:PayPal
456:Wired
235:Wired
189:Xceed
761:ISSN
663:2014
640:2014
613:2014
585:2014
559:2014
528:2014
492:2014
464:2014
421:2014
325:2014
196:.
41:Born
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104:of
102:CEO
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