From Steve O'Hear
: “Entrepreneur First (EF), the London-headquartered company builder that invests in individuals “pre-team, pre-idea” to help create new technology startups, is continuing to expand internationally. Following adding an outpost and program in Singapore, in addition to London, the so-called talent-first investor is setting up shop in Berlin, kicking off its first German program this April”
Why does this matter?
- If you’d consider what YC would have looked like if it started today, I believe it would look a hell of a lot like EF. I don’t throw the YC comparison around lightly, but I am of the belief that EF has the potential to have a similar impact as YC has had, and on a wider global scale.
Talking of global, Berlin is likely to be the first of many expansions we’ll witness in the next year or so. As EF investor Reid Hoffman himself foresees
“A universe in which there’s 20 or 30 or 40 cities, maybe even 50, where Entrepreneur First is integral to creating a set of interesting tech companies in those areas”
- What is particularly interesting to me here, is how EF leverage the power of each ecosystem’s particular talents across their global network to complement each other. I often think about how amazing it would be if you could match the Nordic’s technical talent up with London’s commercial talent. EF now look to be capable of fulfilling such a vision.
With the ongoing emergence of innovative pre-seed funds,
venture networks and company builders like EF, we are seeing the earliest of early-stage disrupted like never before, the consequences of which we are yet to fully appreciate and are likely to affect all stages of the funding pipeline in years to come as Semil Shah pointed out