EWOR launches ‘founder fellowship’ program with $68M fund

Supporting early-stage entrepreneurs seems to be suddenly in vogue in Europe. Back in March, podcaster and venture investor Harry Stebbings launched “Project Europe” to great fanfare, aiming to back founders aged 25 and under with a small $10 million fund — riffing on the ‘Peter Thiel Fellowship’ model of yore. Now, a new fund hopes to go one better, this time with $68 million. EWOR (short for “entrepreneurship without risk”) has launched its own “founder fellowship,” committing €60 million. The fund will offer selected founders €500,000 in capital for a 7% stake (in comparison, Project Europe offers €200,000 for a 6.66% stake). EWOR claims that, on average, its alumni have gone on to raise €1 million to €11 million during the fellowship. Each year, the money will go to 35 entrepreneurs who fit EWOR’s mould of “visionaries, technical prodigies, deeply driven operators, and serial entrepreneurs.” Fellows will get virtual-first support, with 1:1 mentorship (including 1 to 5 hours per w ... Read full article.