ODF Advance

Get $25,000 to explore starting a company

Draw up to $25,000 from the On Deck Access Initiative to quit your job and explore starting a company. When you’re ready to build full-time, we’ll fund you via ODX.

1
Apply to ODF.
Before being considered for an ODF Advance, you must apply and be accepted to ODF. The program will help you develop a point of view about the future and your role in shaping it.
2
Get up to $25,000 to cover living expenses.
Once accepted into ODF, we'll work with you to understand your financial needs. ODF Advance will provide you with cover for 3 to 6 months.
3
Quit your job.
The goal of the ODF Advance program is to enable net new entrepreneurship and enable people to explore full-time and decided if starting a company is for them.
4
Access ODF.
Join 3,000 ambitious builders, and benefit from a network and programming to validate your idea and find a co-founder. The next cohort starts January 8.
5
Start a company.
If you build conviction, the $25,000 converts into 1% of the new venture and we’ll invest another $125,000 for 7% via the ODX program.
If you don’t start a company, all we ask is that you pay it forward to the next founder by contributing to the Access Initiative, when and as you can. We'll work with you to find your next role to lead and contribute.
apply Now

We've helped 650+ founders
go from idea to startup

Raised from tier one investors while at On Deck.

On Deck guided our fundraising strategy and connected us to tier one investors from Silicon Valley and Europe. They were essential in helping us raise additional funding.

Roman Sandoval ODF8
ODF4
Founder and CEO
Received Access Fund support
Raised from Greylock and Village Global. Now a supporter.
Brandon Hill ODF1
ODF4
Co-founder and CEO
Received Access Fund support
Validated an idea then raised $2M.
Madison Campbell ODF6
ODF4
Founder and CEO
Received Access Fund support

Who should apply?

ODF Advance is designed for those who want to start a company but are blocked by financial barriers.

Financial obligations can make it feel unrealistic to start a company. Not anymore: ODF Advance provides you with the time, support, and structure to make a thorough, informed, and actionable decision: "Am I ready to launch a company to achieve a mission that inspires me?"

ODF Advance is perfect for you if...
01
You want to start a company
02
You need time and space to build conviction on your idea
03
You have real expenses you can’t put on pause while you explore
04
You want to grow and contribute through ODF
05
You’re inspired by the idea of “paying it forward” to a future Fellow
apply Now
Who’s not a fit?
01
Starting a company isn’t interesting to you
02
No financial need
03
You already raised some capital
04
You apply and are accepted into ODX
05
If you decide not to start a company, the idea of paying it forward for the next explorer isn’t one you’d support.
If you fall into this group, ODX is a better fit. We’ll back you with $125,000 and help you scale.
learn more
Apply to On Deck Founders

Apply to the On Deck Founders program. If accepted, we’ll work with you to understand your financial needs.

FAQ

Who is eligible for ODF Advance?

You are eligible to apply for Advance after receiving an admission offer from ODF.

What are the terms of ODF Advance?
  • We support you over 3-6 months for up to $25,000.
  • If you decide to found a company, the On Deck Access Initiative will own 1% of the entity, and you will be admitted into ODX for the standard ODX deal of $125,000 for 7%.
What happens if I decide not to start a company?
  • You are exited from ODF Advance.
  • We help you find your next opportunity in partnership with our talent team (maybe employee #1, or the first Engineer, or a Senior Leadership Role at a pre-seed company about to raise a Series A). We will help you navigate what comes next. It's one of the things we do best.
  • In terms of the financial support you received from ODF Advance, our expectation is that you will take steps to pay it back via the On Deck Access Initiative over the course of the next year. We will then use the funding to support another person, ensuring this remains an opportunity for many people over the long-term.
Will I get Healthcare coverage?

No. You can use part of the $25,000 to pay for healthcare that you buy directly.

I don't live in the United States. Am I eligible?

Yes, so long as you are fully committed to incorporating a Delaware C-Corp if you achieve conviction to launch a company.

Do I have to quit my job to participate in ODF Advance?

The purpose of the program is to enable you to dedicate full-time capacity to exploring an idea and achieving conviction. We expect you will need to leave your current job in order to fully engage in this process.

I have a few more questions, who can I talk to?

Happy to talk more: Reach out to [email protected] and we'll get back to you.

Did we miss your question? Drop us a line and we will get back to you asap.