[awolf]

The main complaint many of my classmates had was that the guide said "before the end of the semester" yet we were told we needed to be incorporated one week after the Incorporation session (half way through) or we would have to step aside.

FI has been iterating their process as they go along. I'm glad to hear there wasn't confusion in the New York session.

[vdibart]

I hear you. I'm also glad to hear they're tweaking the formula. I think we can agree it's not only fair but important to set the incorporation requirement a little earlier in the session.

From the Institute's perspective, there are some (although not many) who saw the program as an easy means to gain access to mentors and investors for little or no commitment on their part. As such, they have no intention of graduating. Forcing them to decide sooner weeds them out.

From the founder's perspective, those not planning on graduating detract from the overall experience because they're not contributing positively. In some cases they're actually they're making it difficult for others. In NY I found the program started to become more relevant to me as the less-committed and less-advanced founders started dropping out.