We went to San Francisco for the first time 1.5 years ago and saw our Fellows raise $2M on average. Today, they raise $10M. As a result, our US applications - purely driven by word of mouth - spiked 237%.
When we first arrived in SF, we realised, without a doubt, that this city has the best ecosystem for raising capital. It still concentrates 25% of global VC today despite being a city of only 800K.
Soon after, it became obvious that we needed a kickass US team on the ground, which Forbes announced today:
Charles Ferguson sold FrontPage to Microsoft and won an Oscar for Inside Job, his account of the 2008 financial crisis. He was among the first to invest in Etched, Perplexity, CopilotKit and Paradigm. Charles has spent his career spotting the people everyone else overlooked. That's what he's doing for EWOR now, from SF.
Katie Madding was CPO and the third US hire at Adjust before AppLovin bought it for $1B+. She still remembers the lonely nights as a pre-seed CEO at Emhance, sitting with decisions no one else could make. She's here so our Fellows never have to face customer acquisition alone.
Gigi Brett scaled a health company past 60 people and built a sperm-donor database now covering roughly 10% of US registered donors. Her whole career has been about optimising new beginnings, and as our new Chief Investment Officer, she supports founders from the most fragile beginning of all: the idea.
Don’t get us wrong. We’re proud to be a European organisation with European values that aims to build a global #1 category winner.
What excites us is how global company building has become.
Today’s founders sell in the US, where buyers spend 5x more per employee on software. They build in Oxford or Munich, where a brilliant engineer costs $60K rather than the $5M they’d burn in Silicon Valley. None of that requires moving to the US. It requires a way in, which is what EWOR’s new US Leadership team represents – people who’ve already sold, scaled, and invested there.
As Daniel W. Dippold puts it: the US is one piece, a very important one, of the global network we're building so EWOR Fellows can be as successful as they possibly can in fundraising, hiring and customer acquisition from wherever they're located.
There's still so much more to come. Read more in Forbes below.