Process
Details

recruiting our
founders

Founders Recruitment

Launch Factory is changing what it means to be an entrepreneur.  By eliminating barriers and streamlining the startup process, we enable entrepreneurs to execute more quickly and effectively

We select talented individuals to become the founders of our new startup companies through our unique Founders Recruitment Process.

How it works

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Founding Partners

Candidates participate in the recruitment process in teams of two, so it’s critical to find someone you believe you can start a company with.  If you’re unable to find a partner in your personal network, we’ll provide a way to find and speak with other candidates in need of partners.

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Weekly Submissions

Teams will deliver work samples each week covering a wide range of topics from marketing, to finance and strategy. These submissions build toward a high level business plan for the new company and give Candidates a chance to demonstrate their skills in multiple disciplines.

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Update Sessions

We host an online info session at the start of each week to explain the details for the upcoming tasks. During the live webinar, Candidates can ask questions and get detailed answers to specific information regarding the work samples for each phase.

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Office Hours

We offer online office hours to every Candidate to help each team be as successful as possible throughout the process. Ask questions about upcoming submissions and get detailed feedback on your team’s previous tasks. Our team is here to help!

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Select an Idea

Two new business opportunities will be available to Candidates in 2020. After selecting the opportunity that best fits your experience and skills, you and your partner will work to develop a strategy and vision for that selected business idea over the course of the recruitment process.

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Time Commitment

The recruitment process is demanding but we’ve designed it to fit any schedule. Weekly work samples can take up to 10 hours but can be completed during a 48 hour window you choose.  Each team may also skip one week’s submissions if needed to accommodate schedule conflicts. 

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Judging

Launch factory evaluates submissions based on several factors including each team’s ability to use data and analysis to guide decisions, the viability of their strategy and financial plan, and their overall quality of work. The highest achieving teams then move on to the next phase.

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Rules and Regulations

All submissions throughout the process must be the sole work of the Candidate teams and be completed on time. Late submissions will not be accepted and any team found plagiarizing or outsourcing their work will be disqualified from the Process.

agsdi-person

Founding Partners

Candidates participate in the recruitment process in teams of two, so it’s critical to find someone you believe you can start a company with.  If you’re unable to find a partner in your personal network, we’ll provide a way to find and speak with other candidates in need of partners.

agsdi-bulb-flash

Select an Idea

Two new business opportunities will be available to Candidates in 2020. After selecting the opportunity that best fits your experience and skills, you and your partner will work to develop a strategy and vision for that selected business idea over the course of the recruitment process.

agsdi-calendar-check

Weekly Submissions

Teams will deliver work samples each week covering a wide range of topics from marketing, to finance and strategy. These submissions build toward a high level business plan for the new company and give Candidates a chance to demonstrate their skills in multiple disciplines.

agsdi-hand-watch

Time Commitment

The recruitment process is demanding but we’ve designed it to fit any schedule. Weekly work samples will take roughly 10 hours but can be completed during any 48 hour window you choose.  Each team may also skip one week’s submissions if needed to accommodate schedule conflicts.

agsdi-video

Update Sessions

We host an online info session at the start of each week to explain the details for the upcoming tasks. During the live webinar, Candidates can ask questions and get detailed answers to specific information regarding the work samples for each phase.

agsdi-list

Judging

Launch factory evaluates submissions based on several factors including each team’s ability to use data and analysis to guide decisions, the viability of their strategy and financial plan, and their overall quality of work. The highest achieving teams then move on to the next phase.

agsdi-laptop

Office Hours

We offer online office hours to every Candidate to help each team be as successful as possible throughout the process. Ask questions about upcoming submissions and get detailed feedback on your team’s previous tasks. Our team is here to help!

agsdi-zoom-in

Rules and Regulations

All submissions throughout the process must be the sole work of the Candidate teams and be completed on time. Late submissions will not be accepted and any team found plagiarizing or outsourcing their work will be disqualified from the Process.

Process Summary

Each week brings a new set of tasks and submissions. Throughout the process, teams will build and expand on the strategy developed in each prior phase. In the final week, remaining teams will be flown to San Diego to present their business plan and pitch the new venture.

Key Dates

Candidate
Registration

19 November

Registration Opens

8 January 

Partner Pairing Opens 

21 February

Registration Closes

28 February

Partner Selection Deadline

6 March

Final Teams Confirmed

Candidate
Registration

19 November

Registration Opens

8 January 

Partner Pairing Opens 

21 February

Registration Closes

28 February

Partner Selection Deadline

6 March

Final Teams Confirmed

Founders
Recruitment

9 March 

Recruitment Kickoff

30 April

Final Presentations

Founders
Recruitment

9 March 

Recruitment Kickoff

30 April

Final Presentations

Weekly Schedule

WED

Webinar Update
5:00 PM

Wed 

Tasks Available
6:00 PM

Sun

Tasks Due
11:59 PM

Selected Founders

At the end of the process, the highest achieving team for each company will be selected to form and lead the venture they pursued during recruitment. If you are selected as a Founder, this new company will be yours to grow and develop. You’ll relocate to sunny San Diego in the weeks after selection and begin working full time as a startup Founder. With funding, modest salary, and incubation provided by Launch Factory, your new company will have the support it needs to thrive.

Relocate to San Diego

After being selected, Founders will need to relocate to the Greater San Diego Area (if not already here) within six weeks. Some relocation assistance may by provided.

Full Time Founder

Selected Founders will work full-time on their venture in the provided office space at Launch Factory HQ.

Founding Documents

Founders must sign necessary company formation documents, including a Proprietary Information and Inventions Agreement with their new company.

Compensation

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Funding

Launch Factory invests $300k into each of it’s companies via a convertible note.

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Founder Salary

Up to $100k per year can be used for Founder salaries until more funding is raised.

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Equity Stake

Equity is split equally among each Founder and Launch Factory, excluding set-asides.

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Incubation

We provide proven processes and tools to help founders operate efficiently and effectively.

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Space to Grow

Each new company is given office space to support the growth and development of their team.

Learn More

The Opportunities

Learn more about our 2020 startup companies and the opportunities for Founders.

Registration Details

Interested in registering as a Candidate? Find information on eligibility, partner pairing and selecting an opportunity.

The Opportunities

Learn more about our 2020 startup companies and the opportunities for Founders.

Registration Details

Interested in registering as a Candidate? Find information on eligibility, partner pairing and selecting an opportunity.

frequently
asked
questions

frequently asked questions

Still have questions? For more information on frequently asked questions follow the link below.

Ready to register for the Founders Recruitment Process?