Onefinestay and Space Ape Games founders join Entrepreneur First as Venture Partners

Tim Davey, co-founder Onefinestay

Entrepreneur First, a association builder and early-stage investor, has recruited dual new Ventures Partners, any of whom have exited a London startup in a final integrate of years.

They are Tim Davey, co-founder and former CTO of Onefinestay, that was acquired by AccorHotels final year for during slightest $170 million, and Toby Moore, co-founder and former CTO of Space Ape Games, that Supercell recently acquired a infancy interest for $55.8 million.

“We’re vehement to supplement Tim and Toby to a EF team,” Entrepreneur First co-founder Alice Bentinck tells me, confirming a appointments. “They are good reputable and good famous members of a London startup scene, and I’ve been super tender during a proceed they proceed mentoring and coaching really early theatre startups”.

The anxiety to mentoring and coaching relates to a specific purpose that Venture Partners play during EF. This sees them typically spend one day a week ancillary teams going by a stream programme, and on a rolling basis, so potentially ancillary destiny cohorts too depending on how prolonged they select to sojourn a Venture Partner.

Toby Moore

Toby Moore, co-founder of Space Ape Games

Key to this, and opposite to a some-more thinly widespread mentoring supposing by some normal accelerators, is that EF’s Venture Partners — as a name suggests — have ‘skin in a game’ in a form of vested equity in a early theatre investor’s fund. That proceed a support they yield to portfolio startups carries some-more joining and a interests of coach and mentee are larger aligned.

“As we might know, EF believes in providing endless and unchanging support to a companies from a notation they form, all a proceed by to shutting their seed turn (around 12 months),” adds Bentinck. “The teams get 45 mins a week with their reserved try partner. We see this form of mentoring and coaching as a many effective proceed to build and support early theatre startups. No jive pointless mentoring here”.

I also know that a wish prolonged tenure is for Entrepreneur First to turn a healthy “stopping off point” for entrepreneurs in Europe and Singapore who have successfully exited and are, perhaps, in between ventures.

Meanwhile, EF also depends Chris Mairs, and Jon Folland (co-founder of Nativ, that exited to Ooyala) as Venture Partners, while Nadav Rosenberg (ex-Groupon and Taboola) is a Partner, and Joe White and Wendy Tan White, founders of Moonfruit, are General Partners.

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Posted by on Jun 8 2017. Filed under Europe. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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