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Any experience with FoundersCard?

I anticipate raising a round in the next year and thus anticipate heavy
travel costs.  Anyone here have any experience with FoundersCard?  Is it
worth it?

John Rodley

11 Replies

Ian Lyman
0
0
Ian Lyman Entrepreneur • Advisor
Chief Product Officer, Co Founder at Validated

John,

I've had a FoundersCard for about a year.  It is worth it if:  1). You can
get a discount on the card fee and 2). when you travel, you like to stay at
higher-end hotels 3.) live in SF or NYC 4.) use AT&T.  The AT&T discount
just about pays for the cost of the card.  There was a discount available
via techcrunch that cut the FoundersCard fee down about 50% -- not sure if
it's still available.

I've used the card quite a bit when booking travel in NYC, LA and Seattle.
 I've also used it to get a free Tripit Pro account (love this!) and was
getting a 5% savings on Virgin America until recently (seems like this perk
went away, though they have Virgin Atlantic now).  I hear the events /
meetups they put on are pretty fun, though I'm in Portland and there's not
been on here yet.  Many of the perks are geared towards residents of SF and
NYC, so I find I can't use a lot of them, but even so, since I travel quite
a bit, it has been useful.  They add new perks all the time and their
website is well done and makes finding relevant perks pretty easy.  One
pretty big irritation - they prune negative reviews from the comments for
each perk on their website (at least two negative reviews I posted go
removed).  This makes the comments from other FoundersCard members pretty
useless when you're trying to decide whether to try a perk.

Ian

--

-------------------------------------
Ian Lyman

CEO & Co-Founder
Parkt, Inc.
www.parkt.com

i...@parkt.com
[removed to protect privacy]

Painless Parking.

Christopher Pruijsen
0
0
Christopher Pruijsen Entrepreneur • Advisor
Independent Consultant

Sorry for the sales-y message - but wanted to tag into Ian below.

My personal referral code, with the discount, is:
https://founderscard.com/membership?code=FCCHRI547

But don't feel at all obliged to use it :)

2013/1/31 Ian Lyman <i...@parkt.com>

Mark Morris
0
0
Mark Morris Entrepreneur
CEO and Founder at MyGigline

John,

I have heard about it and read some of the benefits and it seems legit, but
I haven't actually purchased it to see.  I think it's like a lot of things
out there.  If you remember to use it and your current needs actually fit
the bill, then it's worth it.  If you do get it, first join Startup America
(It's Free-- http://www.s.co/), which everyone on here should do anyways
and go to the deals section and you can get it for somewhere around 40%
off.  Also, just FYI for everyone there is a ton of great deals and
discounts if you become a member of Startup America.

Best,
Mark

John Rodley
0
0
John Rodley Entrepreneur
CTO & co-founder at Twiage

Thanks everyone (ian, mark, christopher ..). Just what I was looking for.

JR

Zeev Sharon
0
0
Zeev Sharon Entrepreneur
Co-Founder & CEO of Hotelied, Inc.

John, I've been a member of FoundersCard for about 4 years now. I use it primarily for the AT&T discount, car rental discounts with Hertz and there is a cool new benefit with JetBlue (I think it's 5% off all flights). I've never used their hotel rates - I also find better rates for the same hotels elsewhere.

I've locked in an annual rate of $99, so definitely find it worth while.

Hope this helps.

Sent from my iPhone

On Jan 31, 2013, at 3:00 PM, john <j...@rodley.com> wrote:

John Rodley
0
0
John Rodley Entrepreneur
CTO & co-founder at Twiage

Thanks Zeev,

I've been thinking about it for awhile.  I'm a horrible traveler (I like
luxe) and with the raise looming ... but $295 buys a lot of Ramen.

JR

Stefan Brunner
1
0
Stefan Brunner Entrepreneur
Cofunder and COO at TheTechMap, Inc

I do not like any loyalty cards. I think for the most parts, their deals are
purely theoretic. Discounts on full fair flights - nobody in their right
mind ever buys full fare - and this comes from a guy who practically lives
on planes and usually books hours before a flight. Other perks are very
similar and you can practically always find better deals. Plus you have a
commitment for a yearly fee.

I had years ago a card where the fees quadrupled over two years to $200/yr.
Some of those cards you can only ever get rid of after you change your
credit card number to which they are billed. Some start charging you as soon
as you speak to a rep even if you never agree to the card. Some are being
put on your bill if you check out when buying online. Many are
misrepresenting such as being a program tight to a big bank when in reality
they are not - once had a card with "Citi" in the name like Citibank which
had nothing to do with Citibank. Most use a weird claims process for the
discount which is more difficult and time consuming than filling out an
insurance claim.

In my opinion, most of them are borderline fraud. They make money from fees
and to never have to pay for any claims. If they are paid by advertisers,
then usually you do not get the deal. My advice is to stay away from any
discount card for which you pay or have any financial commitment. Their
theoretic savings are not worth the trouble and time commitment and anger
you feel once you realize you got scammed. Immigrating from Europe, I fell
for a few of those when I was fresh off the boat.

The only membership card I have now is with Costco.

--- Stefan

From: [removed to protect privacy] [mailto:[removed to protect privacy]]
On Behalf Of Christopher Pruijsen
Sent: Thursday, January 31, 2013 1:03 PM
To: founderdating
Subject: Re: [FD Members] Any experience with FoundersCard?

Sorry for the sales-y message - but wanted to tag into Ian below.

My personal referral code, with the discount, is:
<http://www.parkt.com/>

i...@parkt.com
[removed to protect privacy]

Painless Parking.

On Thu, Jan 31, 2013 at 10:45 AM, john <j...@rodley.com> wrote:

John Rodley
0
0
John Rodley Entrepreneur
CTO & co-founder at Twiage

I don't like cards either.  But, we're all big boys here, and living in the
US we all have corps trying to scam us all day long.  That's why I asked.
 I was actually in the card business before this.  We play in expensive
markets - BOS, SF, SJC and NYC.  A lot of the time you have to take it on
the chin price-wise just to make sure you don't show up at the big meeting
late, or looking, feeling and sounding like a drowned cat.  If FC can take
the edge off that, maybe it's worth it.

JR

Stefan Brunner
1
0
Stefan Brunner Entrepreneur
Cofunder and COO at TheTechMap, Inc

I do not know, but "invitation only" turns me off. Nobodies always want to
get in where they cannot. And invitation only programs usually pray on the
egos of nobodies - giving them the feeling to be part of an elite. (Ok, FD
is also invitation only, but there is no financial interest.)

$600/yr for what? Networking events? Once you go to a few (free) events, you
are in a network and can go to several each day if you like - for free.
Deals? If you get 5% off, then you need to make $12k of purchases to get the
$600 in discounts. Want to meet interesting people - well, do interesting
stuff and you meet them automatically. If you have the time for deals, then
do associate programs, or just wait until stuff goes on sale which is what I
do. And as an entrepreneur, do you really need anybody to pay to tell you
that you are the elite? Personally, I do not care of elites, I just like
independence and creativity.

--- Stefan

From: [removed to protect privacy] [mailto:[removed to protect privacy]]
On Behalf Of john
Sent: Thursday, January 31, 2013 7:37 PM
To: [removed to protect privacy]
Cc: 'Christopher Pruijsen'; sbrun...@spamcop.net
Subject: Re: [FD Members] Any experience with FoundersCard?

I don't like cards either.  But, we're all big boys here, and living in the
US we all have corps trying to scam us all day long.  That's why I asked.  I
was actually in the card business before this.  We play in expensive markets
- BOS, SF, SJC and NYC.  A lot of the time you have to take it on the chin
price-wise just to make sure you don't show up at the big meeting late, or
looking, feeling and sounding like a drowned cat.  If FC can take the edge
off that, maybe it's worth it.

JR

On Thursday, January 31, 2013 7:57:58 PM UTC-5, sbrunner wrote:

Salar Salahshoor
0
0
Salar Salahshoor Entrepreneur

I've been a member now for a couple of years. I feel most people join
because of the "exclusivity" and perceived network, but that is not a
benefit.

Look at the available deals. If you think you'll save more than $300 per
year, then go for it.  For me, most of the partnerships have not worked
out. I find better deals elsewhere, so haven't received the value I
expected.  It's just not practical for me.  I'm sure other people will
provide different feedback about their experience though. Perhaps it's more
valuable if you are in SF or New York, but in Seattle and Portland I'm not
seeing the value.

Personally, I've received more value from my Amazon Prime membership, so
you might opt for that instead. :)

Salar

--

Salar Salahshoor
President *|* TurnClick <http://www.turnclick.com>
sahttp://www.turnclick.com>

LinkedIn <http://www.linkedin.com/in/salar> |
Twitter<http://www.twitter.com/salario>|
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On Thu, Jan 31, 2013 at 5:58 PM, Stefan Brunner <sbrun...@spamcop.net>wrote:

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