Pierre Entremont

Who they are

Pierre Entremont is Co-founder & Managing Partner at Frst — started DandyBox as an e-commerce side project while still at HEC Paris, co-founded Les Pigeons (the movement that shifted French startup legislation), and runs lecryptofellowship.com as a crypto community on the side.

Person

Pierre joined what would become Frst in 2015, when it was a newly spun-off seed vehicle from Otium Capital operating as Otium Venture — essentially a blank-sheet fund with a Day One thesis and no brand. He came out of HEC Paris (Master in Management, 2013), preceded by a Classe Préparatoire at Ipesup, then cut his teeth across McKinsey, IK Investment Partners, Rocket Internet, eFounders, and ConsenSys — a deliberately varied track through consulting, buyout PE, venture-builder, and crypto before settling into pure VC. He founded DandyBox, an early e-commerce venture, while still in school, and co-founded Les Pigeons in 2012, a grassroots movement that successfully pushed changes to French startup legislation. He is Showrunner at lecryptofellowship.com, a crypto community he built, and Possibly — built an AI project called Comand AI. He writes actively on Medium at pentremont.medium.com — topics include venture capital, entrepreneurship, NFTs, and the future of personal AI assistants — and has spoken on GDIY, Little Big Things, Start The F Up's La Galère, and DECODE VC, most often on what it means to back founders at the very first moment. The through-line is someone who has always preferred to be in the room before the room exists: founding things in school, influencing legislation before French tech had a lobby, and betting on founders before they have a product.

Company

In May 2026, Frst led a $2 million pre-seed round for Elastics, a Warsaw-based AI-native prediction market startup — the kind of Day One bet the firm is built around. Frst describes its model as making investment decisions in 2 meetings or 48 hours or less, writing checks of roughly €1–3 million per deal at the earliest possible stage. The firm has now deployed $200 million or more across 70 or more companies, with notable seed positions in Pigment, poolside, and Flexion Robotics. It operates from Paris with a presence in San Francisco, positioning itself as the firm that makes Paris a global startup hub — a thesis Pierre argues publicly and frequently.

Market

Frst competes in the European early-stage venture market, where it differentiates on speed (sub-48-hour decisions) and Day One entry rather than on fund size. The broader VC environment in 2025–2026 has seen capital concentrate into fewer, larger conviction rounds — a trend that cuts both ways for early-stage specialists: less competition at the pre-seed but more pressure to prove portfolio companies can reach the growth rounds now dominated by mega-funds. The wave of M&A (Google/Wiz at ~$32 billion, Capital One/Brex at $5.15 billion) and rising AI valuations are reshaping exit expectations across the European startup landscape Frst bets on.

Network

Pierre's closest named collaborator is Bruno Raillard, his co-founder and fellow Managing Partner at Frst — the two built the firm together from the Otium Capital spin-off. His portfolio connections include Pigment, poolside, and Flexion Robotics, where he invested at seed. He also lectured at HEC Paris, which keeps him embedded in the school's founder and alumni network.

Bruno Raillard· Co-founder & Managing Partner, Frst

How they likely show up

Long tenure building Frst from a blank-sheet spin-off since 2015 → thinks in fund cycles and long compounding relationships, not short-term deal flow optimization.
Firm thesis of '2 meetings or 48 hours' for investment decisions → makes fast, conviction-driven calls; likely impatient with analysis paralysis or committees that delay unnecessarily.
Active Medium writer and frequent podcast guest (GDIY, DECODE VC, Little Big Things) → comfortable being visible and opinionated; responds well to direct engagement with his stated views.
Founded DandyBox in school, co-founded Les Pigeons to shift legislation, built lecryptofellowship.com on the side → high agency and a pattern of starting things, not waiting for permission.
Career deliberately spanned consulting (McKinsey), buyout PE (IK Investment Partners), venture-builder (eFounders, Rocket Internet), and crypto (ConsenSys) before committing to VC → draws on operator and investor lenses simultaneously; not a pure-finance VC.

Conversation tips

→ Reference a specific Medium post or podcast episode — he publishes enough that coming in cold suggests you didn't prepare.
→ Ask about the Les Pigeons movement and the legislative fight — it predates Frst and reveals how he thinks about systemic change, not just individual bets.
→ His Day One thesis is a genuine conviction, not a marketing line — engage with the mechanics of it (how do you underwrite a company with no product?) rather than treating it as a differentiator to note and move past.
→ He is vocal about making Paris a global startup hub; if you have a view on European tech versus the US or Asia, bring it — he will have one too.
→ Don't mistake the podcast persona for informality — he moves fast on decisions, so if you have a specific ask or point, lead with it rather than warming up.

Toolbox

Openers

Open on the Elastics pre-seed in May 2026 — Frst led a $2 million round into a Warsaw-based AI prediction market startup, which is a pointed geographic and thematic bet worth unpacking.
Lead with Les Pigeons: he co-founded a grassroots movement in 2012 that actually changed French startup legislation — that's an unusual origin story for a VC and signals how he thinks about systemic levers, not just individual deals.
Mention lecryptofellowship.com — he built and runs a crypto fellowship community as a side project while managing a $200M+ fund; it's a specific, concrete thing most people won't have clocked.

Discovery questions

Your '2 meetings or 48 hours' rule is a hard constraint — what does the pattern of your best investments tell you about what you can and can't learn in that window?
You backed poolside and Flexion Robotics at seed — two very different bets on where AI goes next. How do you think about portfolio construction when the underlying technology is moving this fast?
You've argued publicly for making Paris a global startup hotspot — with Frst now also in San Francisco, what's actually changed in the last few years versus what's still missing?

Avoid

Don't treat his Day One thesis as a positioning gimmick and pivot immediately to asking about later-stage dynamics — the pre-seed conviction is the core of his identity as an investor and he'll disengage if you gloss over it.

Make it yours