FoundersCard is a membership organization for founders, CEOs, presidents, and additional members of the entrepreneurial community. Membership provides access to private networking events, an online networking community, and a benefits programme (with four main categories: travel (general), lifestyle, business, and hotels). Membership is by invitation/application and has an annual membership fee of $795 plus a one-time initiation fee.
To become a member, one must receive an invitation from an existing member and submit an application for membership. FoundersCard doesn't disclose specific criteria for membership qualification outside of a deep commitment to the entrepreneurial community, but does report an approval rate of seventy percent of those invited by a current member.
FoundersCard hosts frequent networking events which are structured as casual cocktail receptions open exclusively to members. Events are often hosted at partner hotel properties and aligned with major third party events such as SXSW and CES. Member events have been hosted in locations including New York, San Francisco, London, Seattle, Los Angeles, Chicago, Boston, Washington DC, and Miami. FoundersCard additionally offers travel, lifestyle, and business benefits geared specifically toward entrepreneurs including Apple, Virgin Atlantic, and AT&T Wireless, as well as offers from innovative companies founded by fellow members.
Member benefits are accessed via a private site. Each member additionally receives a unique membership card to be utilised as proof of membership, required to gain access to events and preferred partner opportunities.
FoundersCard claims that it has more than 15,000 members worldwide, with a large number of members located in venture capital-focused cities including New York, Silicon Valley, Los Angeles, Tel Aviv and Boston. Many members are based in the United States, with a growing number of international members in line with a major international benefit push in 2012. Notable members include Craig Newmark, Ben Lerer, and Tim Ferriss.
FoundersCard was developed by serial entrepreneur Eric Kuhn, with the goal of providing rewarding opportunities to fellow entrepreneurs that were typically reserved for executives at public companies, as well as a community to network and offer support. FoundersCard began accepting members in January 2010 and was originally headquartered in New York City, but has after relocated to Austin, Texas.