Entrepreneur First Investment Manager LLP

The investment decisions are led by the firm's managing partners, including co-founders Matt Clifford and Alice Bentinck. The investment manager is registered as a UK LLP and operates under the oversight of a formal investment committee (per the firm's FCA registration and public filings).

The firm selects individuals through a competitive application process, not by sourcing companies. Candidates apply as solo technical founders; during a cohort, they meet potential co-founders and form teams. The investment manager then invests in the resulting company, creating deal flow that is structurally unavailable to traditional seed funds.

It is not a family office. It is an asset manager registered with the UK Financial Conduct Authority, acting as the investment vehicle for Entrepreneur First's talent-first venture model. Its institutional LPs include major venture capital firms and university endowments.

The investment manager makes direct equity investments into portfolio companies. It also raises dedicated co-investment funds, such as Entrepreneur Fifth, which invest alongside external GPs into companies formed through the program.

It targets pre-seed and seed-stage investments, typically the first institutional money into a company. The initial check is usually between $80,000 and $200,000, with follow-on capital available through later funds.

Deep technology sectors including artificial intelligence, machine learning, developer tools, robotics, infrastructure, and other frontier tech. The firm does not invest in non-tech or consumer lifestyle businesses.

The capital comes from institutional investors — primarily venture capital firms (e.g., Founders Fund, Greylock) and other asset managers — not from a single wealthy family. Revenue also comes from program fees paid by participants in some markets.