First Round Capital
 | This article needs additional citations for verification. (July 2022) |
 | |
| Industry | Venture Capital |
|---|---|
| Founded | 2004 |
| Founder | Josh Kopelman Howard L. Morgan |
| Headquarters | San Francisco |
| Website | www |
First Round Capital is a US-based venture capital firm that specializes in providing seed-stage funding to technology companies.
Founded by Josh Kopelman[1] and Howard Morgan[2] 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.
Dorm Room Fund
[edit]In 2012 First Round Capital created the Dorm Room Fund, a $10 million[citation needed] fund focused on investments in student-run startups.[3] In 2019, the firm launched the Graduate Fund, a pre-seed fund for recent graduates of undergraduate or master's programs.[4] The firm is operated by full-time undergraduate and graduate students.[5][6] It has backed companies that have raised a combined $300 million in venture capital from investors including Y Combinator, Sequoia Capital, Andreessen Horowitz, and Union Square Ventures.[7] The firm has teams in San Francisco, New York City, Philadelphia, and Boston.
In addition to providing early-stage capital,[8] Dorm Room Fund draws upon its own resources as well as First round's to support student entrepreneurs.[5] In January 2018, Dorm Room Fund's Head of Engineering Yasyf Mohamedali launched VCWiz, a tool to help founders (student or otherwise) research, discover, and reach out to seed-stage investors.[9]
References
[edit]- ^ Well-Known Tech Investor Aims Higher, cnnmoney.com, September 7, 2007
- ^ Mark Suster (April 21, 2011). ""Want To Know How First Round Capital Was Started?"". Fast Company.
- ^ "First Round Expands $500K Student-Run Investment Arm, Dorm Room Fund, To New York City Universities – TechCrunch". techcrunch.com. Retrieved 2018-03-24.
- ^ "New pre-seed fund powered by First Round Capital will target recent graduates". TechCrunch. 17 January 2019. Retrieved 2019-01-17.
- ^ a b Casserly, Meghan. "The Dorm Room Fund: A Conversation With First Round Capital's Phin Barnes". Forbes. Retrieved 2018-03-25.
- ^ Ramsinghani, Mahendra (2014). The Business of Venture Capital. Wiley. p. 192. ISBN 978-1-118-75219-7.
- ^ "DRF 5-Year Report". 5years.dormroomfund.com. Retrieved 2018-03-26.
- ^ Konrad, Alex. "College-Specific Funds Are On The Rise – But Are They Built To Last?". Forbes. Retrieved 2018-03-25.
- ^ "Dorm Room Fund has built a CRM for founders raising a seed round". TechCrunch. Retrieved 2018-11-13.