'It's the complete opposite of Silicon Valley, but that's changing fast,' says Entrepreneur First.
This story requires our BI Prime membership. To read the full article,Entrepreneur First is a global talent investor that identifies potential entrepreneurs and helps them find partners and develop business ideas.
"The talent pipeline is there," say founders Alice Bentinck and Matt Clifford in an interview with Business Insider.Founding companies is never easy and for many, entrepreneurship is a route swathed in uncertainty. 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.
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.
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