How South Park Commons Founder Fellowship and Entrepreneur First compare on investment, equity, format, stage and timing. Every figure comes from the programs' own sites, verified November 4, 2026.
| South Park Commons Founder Fellowship | Entrepreneur First | |
|---|---|---|
| Investment | $1M | $250K |
| Equity | 7% | Not published |
| Deal terms | $1M total: $400K upfront for 7% on a standard SAFE, plus $600K guaranteed in the next external round. Also includes up to $1M in credits and perks (Anthropic, OpenAI, AWS, GCP, Microsoft, and others). | Equity-free stipend during ideation, then up to $250K investment after company formation (third-party sources report $125K post-money SAFE for 8% plus $125K uncapped MFN SAFE; not confirmed on EF's site) |
| Format | Hybrid | In-person |
| Headquarters | San Francisco, United States | London, United Kingdom |
| Stage | idea, pre-seed | pre-idea, pre-seed |
| Sectors | general | general, deep tech, ai |
| Duration | 8-week bootcamp, followed by an open-ended residency lasting until the seed raise | Not published |
| Application cycle | Cohorts named by season and year (for example, F26 for Fall 2026) | Multiple cohorts a year per location |
Investment is the full standard package; where part of it is an uncapped SAFE, the equity stake covers only the fixed part (see deal terms). Terms change; confirm on each official site before applying.
About
South Park Commons' Founder Fellowship invests in founders at the earliest stage, including before they have an idea. It starts with an 8-week bootcamp in San Francisco, New York City or Bangalore, followed by an open-ended Fellow Residency that runs until the seed raise. Fellows also get up to $1M in partner credits.
Notable alumni: Baseten, Luma AI, Gamma, Render, Goodfire
About
Entrepreneur First (EF) is a talent investor that recruits individuals before they have a co-founder or idea, helps them form teams, and funds the resulting companies. It gives an equity-free grant during the ideation phase and invests up to $250K once a company is formed, with follow-on capital available. Current hubs are London, Bangalore and San Francisco, with Demo Day in San Francisco.
Notable alumni: Cleo, Aztec, Magdrive, Omnea, Sonantic
Key differences
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