Harry Stebbings has left his role at London-based VC fund Atomico, he said in the latest episode of his podcast.
Stebbings is the host of the “Twenty Minute VC” podcast, and it was announced in December that he had joined VC firm Atomico as “the world’s youngest VC.”
However, 20-year-old Stebbings has now left the VC firm after six months.
Stebbings said in a statement that “the Atomico EIR [entrepreneur in residence] programme has been a fantastic learning experience and one I would recommend to any founder while they are figuring out the next big challenge they want to solve.”
“I couldn’t think of a better place to take the time to figure out what I want to do next with the help and guidance of some of the best in the industry. While I can’t tell you what that is yet, I can tell you that I am so grateful for all the support and mentorship I’ve had from Mattias and the whole Atomico team and I look forward to working closely with them in the future.”
Business Insider understands that Stebbings has claimed to be in the early stages of raising his own VC fund.
Mattias Ljungman, a cofounder and partner at Atomico, sent the following statement about Stebbings’ departure:
“I first met Harry a couple of years ago when I was interviewed on the show. I was extremely impressed with what he’s achieved, we became friends and last year welcomed him to Atomico’s EIR programme. We set up our EIR programme so experienced players can spend some time supporting our portfolio companies, mentoring new entrepreneurs, and sourcing more great start-ups on their way to becoming global winners. The EIR programme was always designed to be a temporary platform for founders to be part of on their journey towards finding their next entrepreneurial idea. EIRs can stay with us anywhere between three and 18 months. In Harry’s case, we are very excited that he has found his next idea as part of this programme. He will become part of a prestigious Atomico EIR Alumni network and we look forward to putting the full weight of Atomico behind supporting him, as we do with all our Alumni, in his next endeavour when he is ready to announce it.”
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