The $16 billion startup factory betting on 20-somethings with no ideas yet

Mustafah Khan and Kelvin Cui (in the center, front row) founded Peripheral Labs in 2024 and incubated within Entrepreneurs First. Courtesy of Peripheral Labs Entrepreneurs First invests in young founders, focusing on ambition over industry experience. EF helped Kelvin Cui, 25, and Mustafah Khan, 23, develop their startup, Peripheral Labs. Some startups have raised as much as $15 million in seed funding within the first few months. When searching for the next generation of successful founder...