First Round Capital

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First Round
Industry Venture Capital
Founded 2004
Headquarters Philadelphia
Website www.firstround.com

First Round is a venture capital firm that specializes in providing seed-stage funding to technology companies.

Founded by Josh Kopelman,[1] the firm's investment team now includes Chris Fralic, Rob Hayes, Howard L. Morgan, Bill Trenchard, Kent Goldman, Phineas Barnes, and CeCe Cheng. First Round typically provides seed-stage funding and focuses on portfolio companies' growth during their first 18 months. It has offices in San Francisco, Philadelphia and New York.

The company seeks to take an active role in supporting the operations of its portfolio companies.[2] To make this possible, it built a platform team to encourage community between its portfolio companies, hold industry events, promote mindshare and offer consulting services.[3] In 2012, the firm launched Dorm Room Fund for college students to fund startups founded by their peers.[4]

Since its inception in 2004, First Round has backed more than 150 companies,[5] including Uber,[6] Square,[7] Warby Parker,[8] Knewton,[9] Wikia,[10] Odeo,[11] The Climate Corporation[12] and more. First Round has already generated significant returns for its investors from acquisitions such as StumbleUpon by eBay for $75 million[13] and Mint.com by Intuit for $170 million.[14]

Every December, the firm produces a video holiday card[15] based on the biggest video memes of the year, and featuring executives from First Round and its portfolio companies. In the past, holiday videos have gone viral, spoofing Miley Cyrus' song "Wrecking Ball," "Call me Maybe" and "Gangnam Style."

In 2010, the company was ranked the third busiest venture capital investor in the United States, as measured by its number of deals.[16]

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