Monday , September 25 2017

LinkedIn co-founder to invest in UK startup hub


The venture capital firm led by LinkedIn Corp. co-founder Reid Hoffman has invested in Entrepreneur
First, a London-based hub for start-
ups, alongside Mosaic Ventures and Founders Fund.
Greylock Partners led the $12.4 million funding, which also included Lakestar Capital, and Demis Hassabis and Mustafa Suleyman, the founders
of DeepMind, according to a statem-
ent from Entrepreneur First. Hoffman’s involvement was first reported
by Bloomberg.
Hoffman will also join the board of Entrepreneur First. The backing of Hoffman is a significant boost to Entrepreneur First, which finds technical and business talent — from computer scientists to banking analysts — and then brings them together in order to create startup companies. Hoffman is a partner at Greylock Partners, and in March joined the board of Microsoft Corp., three months after the world’s largest software maker acquired LinkedIn. Hoffman is also on the board of room-rental startup Airbnb Inc.

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