TBD. It's definitely unique, and most unique economic models don't work out well.

Which bit of their model? The volume play part? That works if you invest in hundreds of founders and hope it flattens out your risk. Which they do it seems. EF are relatively well respected in the UK.

The EF “tinder for founders” model has always been very fascinating to me. I guess they've got some good success stories to justify this approach.

But the part that stands out from this article is that they aren't taking management fees from their fund. They are using the funds raised to cover their burn rate. It sounds like more than 30% of the funds raised goes into EF itself - so VCs get a percentage of their company and by extension their carry I assume?