First Round Capital
Venture capital firm.
Contents8 sections
Key facts
2004Formation
Josh Kopelman cofounded First Round Capital in 2004, after helping establish Infonautics, Half.com and TurnTide.[1]
In his official biography, Kopelman describes focusing on a company’s first 24 months, including product, pricing, distribution, hiring and culture.[1]
2016
Fortune reported a $175 million fund in 2016 and cofounder Howard Morgan’s planned departure at year-end.[2]
Early Investment
The firm says its average initial investment is $3.5 million, while the rounds it participates in range from $100,000 to $20 million.[3]
The website presents Notion, Roblox and Square among its investment examples.[3]
Investment Criteria
The firm says the founding team is its leading consideration, alongside product and market; investments focus mainly on U.S. companies.[4]
Operating Support
The firm describes support in recruiting, positioning, sales and further fundraising, including candidate sourcing, customer-call reviews and pitch preparation.[5]
According to the firm, working sessions generally occur every four to six weeks; an early board seat may later pass to a new investor.[5]
Team Organization
The website organizes its team into investing, board partners, operating, and finance and administration.[6]
The firm has offices in San Francisco, New York and Philadelphia.[6]
Related Organizations, Websites, and Public Accounts
First Round: Official link: https://www.firstround.com/ (opens in a new window)[3]
X: Public account: https://x.com/firstround (opens in a new window)[6]
LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/first-round-capital (opens in a new window)[6]
Sources
- Josh Kopelman (opens in a new window)
- First Round Capital Says Goodbye to Co-Founder, Hello to New Fund (opens in a new window)
- First Round (opens in a new window)
- Who We Back | First Round (opens in a new window)
- How We Work | First Round (opens in a new window)
- Team | First Round (opens in a new window)