News

December 11, 2023

Meet Europe’s YC for first-time VC managers

VC incubator Allocator One wants to be the YC for first-time fund managers and has already selected five managers to back

Eleanor Warnock

4 min read

As European tech has matured, the number of first-time VC funds being raised has grown. But it’s tough raising Fund I — especially in today’s funding environment. A new “YC for first-time managers” wants to solve this cold start problem. Vienna-based Allocator One is announcing its first cohort and plans to run two cohorts a year, with a total of 12-15 people a year.

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Eleanor Warnock

Eleanor Warnock is an advisor to VC firm Bek Ventures, and writes a newsletter on tech and writing. She was previously Sifted’s deputy editor. Find her on X and LinkedIn

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