This is part three of my experience going through Entrepreneur First. Conventional accelerators follow a process where they accept formed teams, spend 3 months preparing them for the Investor Day, following which the accelerator helps them with fund raising. EF don’t usually accept formed teams. Individuals join the program before they have an idea, form a team, validate an idea and get selected to join the second phase.
EFSG3, EF’s third batch in Singapore had over 100 joining the program. After the first phase, 23 teams comprising of 45 founders were selected to present on Investor Day. That’s a passing rate of less than 45%.