First Round Capital

First Round Capital

Venture Capital and Private Equity Principals

San Francisco, CA 135,790 followers

Backing remarkable entrepreneurs from the first moment — not just the first round.

About us

Investing at the earliest possible stage, First Round offers a growing number of services and products to help founders build companies from scratch. We don't split angel, seed and pre-seed funding into separate categories — we're interested in providing the same support across the board. From Uber and Roblox to Notion and Square, this is how we've helped 300+ companies start up.

Website
http://www.firstround.com
Industry
Venture Capital and Private Equity Principals
Company size
11-50 employees
Headquarters
San Francisco, CA
Type
Partnership
Founded
2004
Specialties
Technology, Venture Capital, Entrepreneurship, and Service

Locations

Employees at First Round Capital

Updates

  • View organization page for First Round Capital, graphic

    135,790 followers

    Most people describe finding PMF as an art, not a science. We're here to change that. Introducing PMF Method. After 20 years and 500+ investments in pre-product-market fit companies, we've drawn on our data and worked with some of the world's most iconic enterprise founders, distilling what they did in their first 6 months into a free 14-week intensive experience that helps sales-led B2B founders build epic companies. In tactical sessions, we help early founders discover what customers really want, build the right v1 product, and close your first sales — all while keeping 100% of your equity. You'll work alongside a tight group of other builders at your same stage, and get to learn from the hard-earned insights from founders of $1B+ B2B companies, like Vanta's Christina Cacioppo, Looker's lloyd tabb, Plaid's Zachary Perret, Ironclad's Jason Boehmig, Lattice's Jack Altman, and Verkada's Filip Kaliszan. The Summer 2024 session of PMF Method runs from 5/29 to 8/28. Any early founder working on a new B2B SaaS company is welcome to apply — just get your application in by 5/7 (or tag a founder friend below!) More details, FAQs, and application link in the comments below 👇

  • First Round Capital reposted this

    A very unique job opportunity to lead marketing at First Round!

    View profile for Brett Berson, graphic

    Partner at First Round

    I’m kicking off the search for a role on our team at First Round Capital, and I think it's shaping up to be one of the most important additions in a long time. I’m hiring a VP of Marketing charged with building and running a full-stack marketing team at First Round as we partner with incredible founders to tackle company building firsts. I’m eager to team up with this person to build on what we’ve established and create something new. If you were to join, you’d be responsible for figuring out the best ways to make sure that as many talented and ambitious builders in tech as possible know about First Round. I realize that many talented marketers may not be itching to get into VC. Marketing doesn't seem particularly important to most venture firms. It doesn’t seem creative or entrepreneurial. It’s not a traditional motion, with clearly defined inputs and outputs. It sounds like a gig filled with a series of generic dinners, market maps, press placements and puff pieces for portfolio companies. This is not that. Instead of depending on traditional media and venture capital thought leadership to build our brand, we've spent over a decade cultivating a large audience from the ground up by sharing unique, tactical and extremely high-quality content focused on founders. The cornerstone here is First Round Review and our “In Depth” podcast, which reach hundreds of thousands of people. Here’s what I’m looking for: - You’re unabashedly on the side of startups. You’re often one of the first users of new products. Your favorite kind of stories to dig into are the ones of how tiny companies got big, against the odds. - You’re not looking to just run the same marketing playbook. You should have a track record of first-principles problem solving using marketing as a primary tool, versus just running marketing programs. - You’ve got experience building a marketing engine. You love using data to tackle problems, and you can take disparate programs and products and turn them into a single machine that fits together and produces results. - You have breadth in all areas of marketing, but depth in a couple of areas such as growth marketing or product marketing. - You’re as comfortable playing as you are coaching. You have sharp people instincts and you have effectively led teams, but you’re low ego and love diving into the details to execute alongside them. - You’re an impatient person who biases towards action and finds slowness irritating. Some may describe you as “intense.” You work a lot, not because you have to, but because it’s how you choose to fill your days. - You believe in the importance of quality craftsmanship in your work, almost to a fault. You have a trained eye, refined taste, and you know the importance of holding up high standards to defend a brand. If the above sounded like something you want to dedicate the next chapter of your career to, you can apply by following the link below.

  • First Round Capital reposted this

    View profile for Adam Grenier, graphic

    Product-Led Growth and Marketing Elder (Eventbrite, Uber, MasterClass, etc.) | 47 Under 47 Reader of Kids’ Books

    This is a wildly unique opportunity - there are many flavors of "marketing leader" at VCs, ranging from operating partners working with portfolio companies to more of a comms capacity telling the story of the firm and team. First Round is a different opportunity. They have an incredibly successful suite of products rooted in community and growth. They've got one of the best publishing arms in tech, and the true sense of founder-first is undeniable. If you're interested, ping me if I can help!

    View profile for Brett Berson, graphic

    Partner at First Round

    I’m kicking off the search for a role on our team at First Round Capital, and I think it's shaping up to be one of the most important additions in a long time. I’m hiring a VP of Marketing charged with building and running a full-stack marketing team at First Round as we partner with incredible founders to tackle company building firsts. I’m eager to team up with this person to build on what we’ve established and create something new. If you were to join, you’d be responsible for figuring out the best ways to make sure that as many talented and ambitious builders in tech as possible know about First Round. I realize that many talented marketers may not be itching to get into VC. Marketing doesn't seem particularly important to most venture firms. It doesn’t seem creative or entrepreneurial. It’s not a traditional motion, with clearly defined inputs and outputs. It sounds like a gig filled with a series of generic dinners, market maps, press placements and puff pieces for portfolio companies. This is not that. Instead of depending on traditional media and venture capital thought leadership to build our brand, we've spent over a decade cultivating a large audience from the ground up by sharing unique, tactical and extremely high-quality content focused on founders. The cornerstone here is First Round Review and our “In Depth” podcast, which reach hundreds of thousands of people. Here’s what I’m looking for: - You’re unabashedly on the side of startups. You’re often one of the first users of new products. Your favorite kind of stories to dig into are the ones of how tiny companies got big, against the odds. - You’re not looking to just run the same marketing playbook. You should have a track record of first-principles problem solving using marketing as a primary tool, versus just running marketing programs. - You’ve got experience building a marketing engine. You love using data to tackle problems, and you can take disparate programs and products and turn them into a single machine that fits together and produces results. - You have breadth in all areas of marketing, but depth in a couple of areas such as growth marketing or product marketing. - You’re as comfortable playing as you are coaching. You have sharp people instincts and you have effectively led teams, but you’re low ego and love diving into the details to execute alongside them. - You’re an impatient person who biases towards action and finds slowness irritating. Some may describe you as “intense.” You work a lot, not because you have to, but because it’s how you choose to fill your days. - You believe in the importance of quality craftsmanship in your work, almost to a fault. You have a trained eye, refined taste, and you know the importance of holding up high standards to defend a brand. If the above sounded like something you want to dedicate the next chapter of your career to, you can apply by following the link below.

  • View organization page for First Round Capital, graphic

    135,790 followers

    Classic startup advice is often “to throw things at the wall and see what sticks.” But the problem with that analogy is that unlike walls, markets aren’t stationary. Finding product-market fit is only half the battle — to keep it, you have to keep tabs on where the market’s headed. That’s a hard-earned lesson that three-peat founder and Crossbeam CEO Bob Moore had to digest while building his first startup, RJMetrics. On In Depth, he explains why founders need intellectual honesty to understand the difference between noise and signal in their business.

  • First Round Capital reposted this

    View profile for Mada Seghete, graphic

    Building the next generation of revenue attribution and insights

    This looks SO cool.

    View profile for Brett Berson, graphic

    Partner at First Round

    I’m kicking off the search for a role on our team at First Round Capital, and I think it's shaping up to be one of the most important additions in a long time. I’m hiring a VP of Marketing charged with building and running a full-stack marketing team at First Round as we partner with incredible founders to tackle company building firsts. I’m eager to team up with this person to build on what we’ve established and create something new. If you were to join, you’d be responsible for figuring out the best ways to make sure that as many talented and ambitious builders in tech as possible know about First Round. I realize that many talented marketers may not be itching to get into VC. Marketing doesn't seem particularly important to most venture firms. It doesn’t seem creative or entrepreneurial. It’s not a traditional motion, with clearly defined inputs and outputs. It sounds like a gig filled with a series of generic dinners, market maps, press placements and puff pieces for portfolio companies. This is not that. Instead of depending on traditional media and venture capital thought leadership to build our brand, we've spent over a decade cultivating a large audience from the ground up by sharing unique, tactical and extremely high-quality content focused on founders. The cornerstone here is First Round Review and our “In Depth” podcast, which reach hundreds of thousands of people. Here’s what I’m looking for: - You’re unabashedly on the side of startups. You’re often one of the first users of new products. Your favorite kind of stories to dig into are the ones of how tiny companies got big, against the odds. - You’re not looking to just run the same marketing playbook. You should have a track record of first-principles problem solving using marketing as a primary tool, versus just running marketing programs. - You’ve got experience building a marketing engine. You love using data to tackle problems, and you can take disparate programs and products and turn them into a single machine that fits together and produces results. - You have breadth in all areas of marketing, but depth in a couple of areas such as growth marketing or product marketing. - You’re as comfortable playing as you are coaching. You have sharp people instincts and you have effectively led teams, but you’re low ego and love diving into the details to execute alongside them. - You’re an impatient person who biases towards action and finds slowness irritating. Some may describe you as “intense.” You work a lot, not because you have to, but because it’s how you choose to fill your days. - You believe in the importance of quality craftsmanship in your work, almost to a fault. You have a trained eye, refined taste, and you know the importance of holding up high standards to defend a brand. If the above sounded like something you want to dedicate the next chapter of your career to, you can apply by following the link below.

  • First Round Capital reposted this

    View profile for Molly Graham, graphic

    Company builder. Lover of weird metaphors.

    My friends at First Round are hiring a marketing leader. This is a really special opportunity to steward a brand and a set of programs that have been so important to so many companies and people in the technology industry. If you're a full-stack marketing leader, check out the job post!

    View profile for Brett Berson, graphic

    Partner at First Round

    I’m kicking off the search for a role on our team at First Round Capital, and I think it's shaping up to be one of the most important additions in a long time. I’m hiring a VP of Marketing charged with building and running a full-stack marketing team at First Round as we partner with incredible founders to tackle company building firsts. I’m eager to team up with this person to build on what we’ve established and create something new. If you were to join, you’d be responsible for figuring out the best ways to make sure that as many talented and ambitious builders in tech as possible know about First Round. I realize that many talented marketers may not be itching to get into VC. Marketing doesn't seem particularly important to most venture firms. It doesn’t seem creative or entrepreneurial. It’s not a traditional motion, with clearly defined inputs and outputs. It sounds like a gig filled with a series of generic dinners, market maps, press placements and puff pieces for portfolio companies. This is not that. Instead of depending on traditional media and venture capital thought leadership to build our brand, we've spent over a decade cultivating a large audience from the ground up by sharing unique, tactical and extremely high-quality content focused on founders. The cornerstone here is First Round Review and our “In Depth” podcast, which reach hundreds of thousands of people. Here’s what I’m looking for: - You’re unabashedly on the side of startups. You’re often one of the first users of new products. Your favorite kind of stories to dig into are the ones of how tiny companies got big, against the odds. - You’re not looking to just run the same marketing playbook. You should have a track record of first-principles problem solving using marketing as a primary tool, versus just running marketing programs. - You’ve got experience building a marketing engine. You love using data to tackle problems, and you can take disparate programs and products and turn them into a single machine that fits together and produces results. - You have breadth in all areas of marketing, but depth in a couple of areas such as growth marketing or product marketing. - You’re as comfortable playing as you are coaching. You have sharp people instincts and you have effectively led teams, but you’re low ego and love diving into the details to execute alongside them. - You’re an impatient person who biases towards action and finds slowness irritating. Some may describe you as “intense.” You work a lot, not because you have to, but because it’s how you choose to fill your days. - You believe in the importance of quality craftsmanship in your work, almost to a fault. You have a trained eye, refined taste, and you know the importance of holding up high standards to defend a brand. If the above sounded like something you want to dedicate the next chapter of your career to, you can apply by following the link below.

  • View organization page for First Round Capital, graphic

    135,790 followers

    Product-market fit is a moving target. Bob Moore found that out the hard way. “You can build a product and the market can move and you fall out of product-market fit,” he says. A three-time SaaS founder, he’s seen all kinds of markets. He built his first startup, data platform RJMetrics, in the 2008 downturn — and still made hay with steady growth and a modest acquisition. But by his account, RJMetrics failed to keep up with shifts in the market and hit a ceiling. Today, he’s the co-founder and CEO of Crossbeam, a partnerships ecosystem platform he describes as “LinkedIn for data.” This time around, he’s determined to build a company that grows with the market, instead of against it. On the latest episode of In Depth, he joins Brett Berson to unpack his three chapters as a founder and how each has sharpened his instincts for what makes a durable business. They discuss: -The unique way he evaluated and validated startup ideas -Lessons learned from falling in and out of product-market fit -How to recognize and act on market shifts that impact your business -Specific tactics for distribution and building with conviction vs. consensus -Creating scalable and durable startups -Unlocking network effects in software -Getting mergers right Link to the episode in the comments.

  • First Round Capital reposted this

    View profile for Brett Berson, graphic

    Partner at First Round

    I’m kicking off the search for a role on our team at First Round Capital, and I think it's shaping up to be one of the most important additions in a long time. I’m hiring a VP of Marketing charged with building and running a full-stack marketing team at First Round as we partner with incredible founders to tackle company building firsts. I’m eager to team up with this person to build on what we’ve established and create something new. If you were to join, you’d be responsible for figuring out the best ways to make sure that as many talented and ambitious builders in tech as possible know about First Round. I realize that many talented marketers may not be itching to get into VC. Marketing doesn't seem particularly important to most venture firms. It doesn’t seem creative or entrepreneurial. It’s not a traditional motion, with clearly defined inputs and outputs. It sounds like a gig filled with a series of generic dinners, market maps, press placements and puff pieces for portfolio companies. This is not that. Instead of depending on traditional media and venture capital thought leadership to build our brand, we've spent over a decade cultivating a large audience from the ground up by sharing unique, tactical and extremely high-quality content focused on founders. The cornerstone here is First Round Review and our “In Depth” podcast, which reach hundreds of thousands of people. Here’s what I’m looking for: - You’re unabashedly on the side of startups. You’re often one of the first users of new products. Your favorite kind of stories to dig into are the ones of how tiny companies got big, against the odds. - You’re not looking to just run the same marketing playbook. You should have a track record of first-principles problem solving using marketing as a primary tool, versus just running marketing programs. - You’ve got experience building a marketing engine. You love using data to tackle problems, and you can take disparate programs and products and turn them into a single machine that fits together and produces results. - You have breadth in all areas of marketing, but depth in a couple of areas such as growth marketing or product marketing. - You’re as comfortable playing as you are coaching. You have sharp people instincts and you have effectively led teams, but you’re low ego and love diving into the details to execute alongside them. - You’re an impatient person who biases towards action and finds slowness irritating. Some may describe you as “intense.” You work a lot, not because you have to, but because it’s how you choose to fill your days. - You believe in the importance of quality craftsmanship in your work, almost to a fault. You have a trained eye, refined taste, and you know the importance of holding up high standards to defend a brand. If the above sounded like something you want to dedicate the next chapter of your career to, you can apply by following the link below.

  • First Round Capital reposted this

    View profile for Todd Jackson, graphic

    Partner at First Round Capital

    When text-to-image models first burst on the scene, it was pretty mind blowing. But as you started using them more, it could also at times be kinda slow and tedious to get things just the way you wanted them. If you’ve had a fast image generation experience recently, chances are it was powered by fal. Burkay Gur, Gorkem Yurtseven and crew have been so busy building that they never announced their funding — super exciting to see that in addition to the seed round we invested in at First Round Capital, they are sharing the amazing news of the $14M Series A from Kindred Ventures today. A few thoughts on what stood out when we first met the company in 2022: 🤯 𝗠𝗶𝗻𝗱 𝗯𝗹𝗼𝘄𝗶𝗻𝗴 𝗱𝗲𝗺𝗼 With their experience from Coinbase and Amazon, and their work to build a fast serverless Python environment, Burkay and Gorkem were well-positioned when LLMs burst on the scene. When they first showed me a demo a year ago in our office, my mind was blown — not just by how they turned me into George Clooney. They were doing stable diffusion inference at 30 frames per second, so fast it basically became a video! (Of course, they’ve somehow made it even faster now.) For consumers, that means no more waiting around for minutes and minutes for that AI-generated headshot or meme. For developers, that means an easy way to build on top of image/video diffusion and provide lightning fast inference in a more cost effective way. 🏎️ 𝗙𝗼𝘂𝗻𝗱𝗲𝗿𝘀 𝗼𝗯𝘀𝗲𝘀𝘀𝗲𝗱 𝘄𝗶𝘁𝗵 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 This focus on lightning fast inference stems from the fact that they are just performance engineering nerds at their core. They love coding optimizations and making things faster. (Our original investment memo had phrases like “𝘞𝘢𝘳𝘯𝘪𝘯𝘨: 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭,” and “𝘛𝘩𝘦𝘺 𝘸𝘦𝘯𝘵 𝘷𝘪𝘳𝘢𝘭 𝘰𝘯 𝘥𝘢𝘵𝘢 𝘛𝘸𝘪𝘵𝘵𝘦𝘳,” aka my favorite kind of founders.) They’ve always been technically excellent and obsessed with performance — and you can see it reflected in the product. As a small example of how they’re constantly pushing here, on August 14th fal launched as a partner for Black Forest Labs' FLUX models, with 40 minute training time. By August 17, they were down to 24 minutes, and just two weeks ago they’d shaved it down further to 2-5 minutes, which is truly wild. ⚒️ 𝗖𝗹𝗲𝗮𝗿 𝘃𝗮𝗹𝘂𝗲 𝗽𝗿𝗼𝗽 𝗳𝗼𝗿 𝗲𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿𝘀 As you can see in the slide from their pitch deck, their plan for delivering for developers was so clear — and it’s exactly what they’ve executed on. They've built out a world-class developer experience — it’s almost unbelievably easy to get set up and started, and now there’s 500K developers on the platform. It really does feel like Burkay, Gorkem, and crew are just scratching the surface here, they’ve got so much up their sleeves still. The future of creativity is in good hands with this team. If you’d like to play around with what they’ve built, I’ve collected some fun examples below!

  • First Round Capital reposted this

    View profile for Ryan Glasgow, graphic

    CEO & Founder of Sprig - a16z, Accel, & First Round backed

    Inspired by the Seed round guide published by Lenny Rachitsky this week, here are three pieces of advice from my own experience raising a Seed round in 2019. I received several term sheets and ultimately chose First Round Capital, who is the top Seed firm according to fund return data. 1. Revenue matters less than you think—what matters most is the quality of your customers. Having market leaders or fast-growing startups as customers is crucial, as they are the tastemakers who determine the next generation of vendors. How noteworthy are your customers, and how referenceable are they? Do they plan to renew their contracts? At Sprig, early customers like Square loved our product, had committed to an annual agreement after an extensive pilot, and were happy to speak with investors on our behalf. Square is still a customer today! 2. Why you? Your idea is probably not original, so why will you succeed where others haven’t? Is your team unique? Is the timing right? Has the market evolved? At Sprig, my background in early-stage product management, with deep expertise in customer empathy and qualitative insights, created a strong founder/startup fit that Seed investors recognized. The timing was also ideal. While in-product surveys had been tried before, the rise of continuous development with GitHub and A/B testing created a need for ongoing user experience measurement. With Sprig, the team and timing created a unique opportunity for investors. 3. Warm intros are critical. Seed investors invest at the earliest stages and hear from thousands of startups each year, so getting their attention requires being introduced by people they trust. Research your target firm's Seed investments from the past 1-2 years and find the angel or pre-seed investors who invested before them. Build relationships with those investors and get them to invest in you first. Having a trusted investor makes a huge difference. Sriram Krishnan invested in our pre-seed round and introduced us to First Round Capital. Sriram had already completed the First Round angel investing program and had strong connections within the firm. Do you know of someone starting to fundraise? Be sure to share this with them, and I am happy to answer questions in the comments below! ⬇️

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