Arab Press

بالشعب و للشعب
Tuesday, Mar 17, 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

Arab Press
0:00
0:00
Close
Saudi Arabia Targets South African Professionals in New Recruitment Drive Amid Regional Uncertainty
Formula One Faces Major Financial Hit as Bahrain and Saudi Arabian Grands Prix Cancelled Amid Middle East Conflict
U.S. and Saudi Firms Launch Local Production of Attritable Drone Systems in Saudi Arabia
Saudi Arabia and UAE Warn Rising Gulf Tensions Could Endanger Regional Security
Saudi Arabia Rejects Claims It Encouraged Prolonged War With Iran
Saudi Arabia to Host World’s Largest Single-Cell Protein Plant as Food Security Push Accelerates
Saudi Crown Prince Urges Trump to Continue Military Pressure on Iran
Iran Intensifies Drone Campaign Against Saudi Arabia as Gulf Conflict Escalates
When Is Eid al-Fitr 2026? Saudi Arabia Awaits Moon Sighting to Confirm End of Ramadan
When Is Eid al-Fitr 2026? Saudi Arabia Awaits Moon Sighting to Confirm End of Ramadan
Iranian Missile Strike Damages Five U.S. Refueling Aircraft at Saudi Air Base
Iranian Missile Strike Damages Five U.S. Refueling Aircraft at Saudi Air Base
Washington State Pilot Among Six U.S. Airmen Killed in Military Aircraft Crash Over Iraq
Severe Storm Threat Looms Over Washington as Tornado Risk and Damaging Winds Target Mid-Atlantic
Trump Supports FCC Warning to Broadcasters Over Iran War Reporting
Trump Supports FCC Warning to Broadcasters Over Iran War Reporting
Saudi Stocks Edge Lower as Tadawul All Share Index Slips Slightly at Market Close
Iranian Missile and Drone Strike Targets Saudi Arabia’s Prince Sultan Air Base Hosting US Aircraft
Saudi Air Defenses Intercept Drone Over Eastern Province as Iranian Strike Campaign Intensifies
Middle East War Reshapes Gulf Economies as Saudi Arabia and Oman Gain Strategic Leverage While UAE Faces Economic Shock
Iranian Ambassador in Riyadh Blames ‘Enemies’ for Attacks Across the Gulf
Israeli Envoy Ron Dermer Reportedly Visits Saudi Arabia for Discussions on Potential Lebanon Talks
Formula One Cancels Bahrain and Saudi Arabian Grands Prix Scheduled for April
Iran’s Ambassador in Riyadh Rejects Claims Tehran Targeted Saudi Oil Facilities
Saudi Arabia Declares 2026 ‘Year of Artificial Intelligence’ in Major Push for Data-Driven Economy
Saudi Arabia’s 2018 Budget Signals Strong Push for Non-Oil Economic Growth
Pakistan Envoy in Riyadh Says Regional Diplomacy Intensifying to Prevent Wider Middle East War
Saudi Arabia Intercepts Dozens of Drones as Regional Strikes Kill Two in Oman
Saudi Arabia Redirects Oil Exports to Red Sea Ports as Strait of Hormuz Tensions Escalate
Saudi Arabia Intercepts Missile and Drone Barrage as Regional Conflict Intensifies
Iran Expands Drone and Missile Campaign Across Gulf as Conflict With US and Israel Intensifies
Muslims Worldwide Await Saudi Moon Sighting to Confirm Eid al-Fitr 2026 Date
F1 Calendar Faces Major Disruption as Middle East Conflict Threatens Bahrain and Saudi Races
Trump Says Most US Aircraft Hit in Saudi Base Attack Suffered Minimal Damage
Trump Says Most US Aircraft Hit in Saudi Base Attack Suffered Minimal Damage
Strait of Hormuz Crisis Forces Saudi Arabia Into Major Oil Production Shut-In
Strait of Hormuz Crisis Forces Saudi Arabia Into Major Oil Production Shut-In
Saudi Arabia Slashes Oil Output as Strait of Hormuz Crisis Cuts Deep Into Gulf Revenues
Saudi Arabia’s Cultural Scene Presses Ahead as Nation Navigates Regional War
Saudi-Pakistan Defence Pact Faces Real-World Constraints as Iran War Escalates
Saudi Arabia Offers Two Million Barrels of Crude From Red Sea as War Disrupts Gulf Exports
Formula One Faces Tens of Millions in Lost Revenue if Bahrain and Saudi Arabia Races Are Cancelled
Formula One Set to Cancel Bahrain and Saudi Arabian Grands Prix Amid Escalating Middle East War
Saudi Arabia Downs Dozens of Iranian Drones in Major Defensive Operation
Saudi Arabia Cuts Oil Output by About Twenty Percent as Iran War Disrupts Gulf Energy Flows
Formula One Set to Cancel Bahrain and Saudi Arabian Grands Prix Amid Escalating Iran War
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Saudi Arabia Launches Royal Institute of Anthropology to Examine Social Transformation
Pakistan’s Prime Minister Shehbaz Sharif Arrives in Saudi Arabia for High-Level Talks
×