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 founders and entrepreneurs, Alice Bentinck and her team at Entrepreneurs First look for a specific set of traits, and they're not the kind you'd find on a résumé. "We like megalomaniacs," Bentinck, CEO and cofounder of Entrepreneurs First, told Business Insider.…