FoundersCard is a membership organization for founders, CEOs, presidents, and other members of the entrepreneurial community. Membership provides access to private networking events, an online networking community, and a benefits program (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 does not disclose specific criteria for membership qualification outside of a deep commitment to the entrepreneurial community, but does report an approval rate of 70% 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 also 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.