Clifford: Entrepreneur First invests in founders pre-team and pre-product
Matt Clifford · 20VC: Why More People Should Be Entrepreneurs & How Do You Know When You Are Ready with Matt Clifford @ Entrepreneur First · May 11, 2016 · at 5:28
Matt Clifford, co-founder and CEO of Entrepreneur First, explains EF's pre-seed investment model that backs individual technical talent before they have a company or team.
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“Instead we say, if you're a great individual pre-company, then we, I think uniquely are willing to take a bet on you both financially and with our time purely on the basis of your talent and your ambition, not on the basis of your company or your team or your business plan. So we'll take you pre-team, pre kind of product, and we'll work with you very intensively for six months to help you build a team with the other people that we select, choose an idea, develop a product, get that to market, and raise some seed funding.”
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