Strategy · Entrepreneurship

Has anyone here paid for a FoundersCard membership? Is FoundersCard worth it?

Harini Vasudevan Currently looking for full time (local / 100% remote no travel) opportunities

October 27th, 2016

The other day a good friend of mine told me about FoundersCard. Seems to be a service for entrepreneurs where you pay a membership fee and automatically you receive access to a wide range of discounts from services that are geared towards entrepreneurs. Some of the things you gain access to includes special events with other entrepreneurs.

During my research I found a good amount of mixed reviews. At this point I am not sure if it is worth the time and investment. I also found that their fee to join is $795 which I find a little expensive for early stage founders.

Has anyone here had any experience, good or bad, with Founderscard? Any advice or tips? Thanks so much for your guidance.
More than 65% of new companies fail because they lack funding. In this course, you’ll learn common fundraising mistakes, how to nail an elevator pitch, how to craft a killer pitch deck, where to source investments from, and all about term sheets and convertible notes.

David Austin Relentless problem solver and innovator.

October 27th, 2016

The startup world is much like the internet was 15 years ago ... they only sure fire way to make money on it is to charge others who want to make money on it, so it's not surprising to see things like this popping up.  If you have the resources it might help, but you'll need to weigh that out with what else you can do with those resources.  I would look very closely with what they are offering, and if it's new (I suspect it is) be very wary of testimonials.  I will say this about "special events with other entrepreneurs" ... they are mostly always a waste of time.  What you need is firstly customers, then perhaps investors - ideally strategic investors, which will be different for each startup.

Alyssa Martina Founder and CEO, Memloom, a digital storytelling company; Brand & Nonprofit Storyteller; Tech & Media Entrepreneur

October 27th, 2016

I agree. I do not think it’s the best use of funds for a startup.

Daniel Lee Founder at I.C.E. Global, Inc.

October 27th, 2016

Gimmick

Marc Rowen

October 27th, 2016

Not worth it for me either, although I guess it could be useful for certain people. Would not have the company pay for it.

I looked into it a while ago when I first heard of it and found a lot of affiliates offering it for a "special" price of , I want to say, $499. Whatever the actual price was, it was a lot less than the list price. So if anyone decides they do want to get a Founders Card, you should spend a few minutes searching for an offer.

John Arroyo Delivering ecommerce and cloud applications, CEO of Arroyo Labs

October 28th, 2016

If you travel a lot the perks are great and I highly recommend it.  If you are just getting started and can't take advantage of the perks then it's not worth it.

It's worked out well for me, but if you're not in a city that has 1-2 FC events a year and don't travel or use their business discounts then you won't get your money's worth.

Henry and Marc brought up a good point...look for a discount.  400-500 is better than paying their new full price.

Henry Daas Coach-Approach Strategic Advisor

October 27th, 2016

I was a member for a year (last year). I joined for $395 - they will discount it readily - just ask. I was specifically interested in the networking events. I went to 3 in NYC over the course of 9 months. I did not like them. Poorly orchestrated. Way too loud so difficult to converse. They also lacked a strong thematic structure. So I cancelled and then got peppered with numerous emails to reup. I believe they went as low as $295. I never took advantage of any of the other perks. Hope this helps!

Sheshan G

October 27th, 2016

Not really worth for start up , Most of the offer benefits they provide will not been in use .