Flight Path FAQ
Have a question we didn’t cover?
Application Deadline Oct 8, 2021
Cohort Notification by Oct 15, 2021
Program begins Monday, Oct 25, 2021
Programming wraps up the week of Dec 13, 2021
Hot desk access and Runway membership are through January 25, 2022
The total FlightPath program fee, per company, is $5,746.00. Includes up to 2 participants per company.
Upon acceptance into the program, 50% of the Program Fee ($2,873.00) is due by Friday, Oct 22, 2021
The balance of the program fee ($2,873.00) is due by Friday, Dec 3, 2021.
There is NO EQUITY COMPONENT required for FlightPath.
We do not take equity in exchange for all or part of the program fee.
The FlightPath program runs for eight-weeks and will be hybrid. Sessions will be delivered in-person at the Runway Innovation Hub workspace in San Francisco and will be available live virtually. Per San Francisco Public Health mandates, participation in-person requires proof of vaccination (for both participants and guest speakers, experts, mentors, etc.).
Session workshops will be held each Tuesday during the eight-week program from 4pm to 6pm. Peer check-in sessions will be held each Thursday from 3:30 to 4:15. In-person participants are encouraged (but not required) to stay for Runway’s weekly Happy Hour to network with Runway member startups (from 4:30 to 5:30). In addition, mentors will be provided for each participating startup, with meetings held (primarily online) at mutually convenient times.
The FlightPath curriculum is designed to best position you and your startup for productive investor introductions. Upon completing the FlightPath program, you will develop and/or receive:
- A roadmap for creating an engine for fundraising
- An assessment of your current Operations capabilities and an operational plan for growth
- A B2B sales playbook and strategies to help you find and retain customers.
You’ll be able to identify investors who will be a good fit for your company.
You will learn strategies to achieve “warm” investor introductions and develop an understanding of the growing importance of corporate venture funding and how best to engage and work with CVCs.
We feel that taking equity from early stage companies is appropriate when funding/investment is provided in exchange. Your equity is a precious resource. We respect that.
At Runway, we take introductions seriously. To make a quality introduction, we need to know about you and your company and work with you to optimize for investor readiness. We also need to vet the investor(s) identified to be a good fit for your investment opportunity.
A quality investor introduction means that:
1) the startup is prepared and can clearly articulate their opportunity for investment, and
2) the investor has been vetted such that
- they are interested to see deals like yours and
- have agreed to take a call/meeting with you – and
- the call/meeting with the investor/group actually happens.
Runway commits to making at least five (5) quality investor introductions for each startup participating in FlightPath within 90 days of the program start date. If we fail to do so, we will refund you 50% of your program fee.
In the event a FlightPath participating startup does not make sufficient progress towards investor readiness, Runway may decline to make investor introductions on your behalf. In such cases, Runway will refund you 50% of the full program fee.