Entrepreneur First (EF) is a London-based accelerator that specialises in helping individuals build their own tech companies. Since its establishment in 2011, Entrepreneur First has backed over 2,500 individuals to create more than 300 companies across Asia, Europe, and North America. The venture capital firm has helped these founders secure over $2 billion in funding.
Entrepreneur First's unique model involves selecting cohorts of talented and ambitious people and providing them with a stipend to cover living expenses for six months. During this time, teams are formed, ideas are developed, and businesses are launched. Entrepreneur First provides its founders with a desk space, guidance from a team of venture partners, in addition to access to a network of mentors and investors.
One of the success stories from Entrepreneur First includes Magic Pony Technology, an artificial intelligence company that was acquired by Twitter for $150 million. Other successful firms include Bloomsbury.AI, which was bought by Facebook, and Represent, a social commerce site that was sold to CustomInk. Tractable, another alumni of the EF portfolio, leveraged artificial intelligence to speed up insurance claims, raising $60 million in Series C funding.
Among its many successful co-founders, Matt Clifford and Alice Bentinck are noted for their influential roles in driving the success of Entrepreneur First. Both have a background in McKinsey & Company and have designed an effective model for nurturing startups, which has led to the Firm's recognition in the European startup scene.
Entrepreneur First initiates several unique initiatives and programs. EF10, the tenth London cohort, aims to fund teams using synthetic biology to solve major world problems. Other initiatives include The Boole Fund, a program to assist researchers to transition into the startup world.
Notably, Entrepreneur First is the world's leading talent investor, investing in individuals before they have a team or an idea. They have implemented a unique approach often referred to as the "pre-team, pre-idea" phase, which makes them distinct from traditional accelerators.
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