London Daily

Focus on the big picture.
Tuesday, Jun 02, 2026

A seed accelerator that sold a startup to Twitter for $150 million says London is becoming more like Silicon Valley — 'The talent pipeline is there'

A seed accelerator that sold a startup to Twitter for $150 million says London is becoming more like Silicon Valley — 'The talent pipeline is there'

Entrepreneur First is a global talent investor that identifies potential entrepreneurs and helps them find partners and develop business ideas. Founded by two British entrepreneurs in London, the scheme now spans six different cities worldwide and closed a new $115 million fund earlier this year.
 Founding companies is never easy and for many, entrepreneurship is a route swathed in uncertainty.

Entrepreneur First, a London-founded startup incubator, is seeking to change that by bringing wannabe entrepreneurs together, helping them find partners and develop business ideas. The company, founded in 2011 as a non-profit, brings in cohorts of founders each year across six cities worldwide and pays each one a stipend for living expenses.

The lack of a British Google or Facebook is not because of a lack of talent or capital, according to EF, rather that bringing those elements together has traditionally been tricky because entrepreneurship was not as culturally natural as it is in Silicon Valley.

 "Silicon Valley has a 70-year history whereas careers in the UK were more governed by prestige," founders Alice Bentinck and Matt Clifford said in an interview with Business Insider. "Now, you see new tech companies bring in millions in equity and that impact gives you more leverage as an individual to succeed."

In exchange for a stake in any companies started, EF provides pre-seed funding and training — putting attendees through a speed-dating process of sorts with other potential founders, while giving them a bootcamp of intensive classes to navigate typical startup hurdles.

The boom in available VC funding has helped upend the typically conservative British views toward risk and entrepreneurship, say the founders.

"Usually friends and family might be worried about someone quitting their stable traditional career to found a business," Clifford told Business Insider. "It's the complete opposite of Silicon Valley, but that's changing fast and the talent pipeline is there."

EF invests up to 15% in seed rounds for successful companies and has also participated in series A financings but focuses primarily on pre-seed. Bentinck and Clifford closed a $115 million fund in February this year with investment from institutional investors from the US, Europe, and Asia as well as TransferWise co-founder Taavet Hinrikus.

Another investor in the new fund was Rob Bishop, an EF alumnus, who sold his company Magic Pony Technology to Twitter for $150 million in 2016. Another notable exit was Bloomsbury AI which was bought by Facebook last year for an undisclosed amount.

EF says it looks for prospective founders rather than pre-formed businesses and wants to leverage the abilities that individuals have. "We see a lot of copycat ideas coming through and someone with 10 years experience in banking who wants to do music discovery doesn't necessarily have an edge there," Bentinck said. "We want founders to embrace solutions they have an advantage in, rather than look at problems they see in their personal life."

To-date the company, which has outposts in Singapore, Paris, Berlin, Bangalore, and Hong Kong, has helped more than 1,200 individuals build over 200 technology companies, collectively worth $1.5 billion, according to UK Tech News. EF was recently part of the seed financing of one of its cohort companies, Vine Health, which raised the largest seed round in UK history for all female founders out of EF.

Beyond London, the company had its largest investor day to-date in Singapore earlier this month with a number of deep tech startups on show, according to Tech in Asia.

"You can't take a short-term perspective on building good businesses," founders Alice Bentinck and Matt Clifford told Business Insider in an interview. "Top talent needs to be nurtured long term with ambition at every stage like an institution would. We want to be the Harvard of venture capital."




Newsletter

Related Articles

0:00
0:00
Close
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×