Frequently Asked Questions
What is Day One?
Day One is a new kind of fellowship for founders and future-founders who are looking to start, build and grow a new business together. By joining Day One, entrepreneurs tap into a cohort-based learning curriculum, guidance, advice and teaching from world-class founders, operators and investors, a library of tools and resources, and most importantly, a community of talented, diverse entrepreneurs.
Entrepreneurs join Day One to receive support during the earliest stages of building a business, when every step is challenging and uncertain. They join to meet co-founders and collaborators, to explore and refine ideas, or to accelerate building a product or getting to market. Joining Day One is both a commitment to growing as an entrepreneur and a way to push your ideas or business forward.
By joining Day One, Fellows first join an 8-week program. After completing the 8-week program, Fellows then have lifetime access to the Day One Community and ongoing access to the whole community of fellows, library of recorded events, tools and resources.
What is covered in the 8-week program?
The 8-week program consists of:
A cohort-based learning curriculum that teaches core skillsets and concepts of building a business, by guiding you through a series of live projects. In this way, you learn by doing and push your business forward. The curriculum covers core startup building topics like:
- Building in public
- Business model design
- Defining assumptions and experiments
- Customer discovery
- Prototypes and MVPs
- Testing and feedback
- Pitching for investment
- Co-founder dating
- Marketing and sales
- Financial models
- Fundraising and sources of capital
- Incorporation, legal and biz ops
- Hiring and teams
Facilitated collaborative working sessions that help you dig in with your peers.
Coaching and guidance along the way from Day One Mentors.
Workshops and talks from experienced founders, operators and investors.
Access to a repository of company building tools, resources, and perks.
What is included in the ongoing Day One community?
After the 8-week program, you'll continue to be a part of the growing and vibrant Day One community. Inside the community, you'll have access to entrepreneurs from every cohort, to all Day One resources, to a library of all recorded content, as well as additional talks, events and programming.
What's the time commitment for Day One?
To get the most out of Day One, you should prepare to invest 5-8 hours per week during the 8 week program. These hours are spread out over a weekly cadence that includes workshops, peer working sessions, talks, and Mentor sessions. You also should reserve time to work on your ideas or business and to meet and collaborate with other Fellows. That said, much of Day One is flexible and one busy week won't derail the whole experience.
Who is Day One for?
Day One is for both explorers and builders. An explorer is anyone who is exploring new business ideas, exploring whether or not launching a business is right for them, or is looking to sync up with other entrepreneurs or founding teams. A builder is anyone in the early formative days of launching their business, and have as many questions as they do answers about the direction to take the business, whether or not it's a good idea, and how they'll accelerate ahead.
You don't have to be a full time entrepreneur to be a Day One Fellow - many Day One Fellows are still working full time or freelancing as they explore business ideas or are in the early days of launching something new.
You also don't have to be building, or want to build, a venture-backed technology startup. We're excited to support entrepreneurs who are building profit-focused, bootstrapped businesses, whether those are technology, product or service businesses.
What does it cost to join Day One?
Right now, joining Day One costs $999, inclusive of the 8-week intensive program and lifetime access to the Day One community. These prices are set to go up in the future, so take advantage and lock in this low price now.
Is Day One completely online?
Yes, today all facets of Day One are designed to be virtual, so that fellows can attend from anywhere, and do so on their schedule. We do plan to lean into local communities as we achieve critical mass in any location, with local chapters, but that is a bit down the road.
Does Day One take any equity in the business I build?
No, and this is probably the biggest savings Day One offers you as an entrepreneur.
Does Day One do any investing?
No, Day One does not have a fund and does not invest. This may change in the future, but for now Day One tries to support our community by bringing top VCs into our network and making connections and referrals where it makes sense.
How do you select fellows?
We have four criteria that we look for in prospective Fellows:
Entrepreneurial potential and talent
Entrepreneurial experience and skillset
Distance traveled / deep expertise that can be contributed to the community
Ability and willingness to contribute and give to the community as much as they get from it
What if I have a co-founder / can I bring my co-founder into the program?
If you are a team and would like multiple co-founders to join Day One, you can take advantage of our cofounder discount - each co-founder after the first will receive a 50% discount off the cost of joining. The cofounder discount can apply to up to 3 cofounders.
To receive the discount, each co-founder must apply separately, and upon acceptance the discount will be applied.