First Round Capital - Unicorn Nest

First Round Capital

First Round Capital

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Headquarters Location

United States, San Francisco

About

First Round Capital is the renowned VC, which was created in 2004. The VC's location is in North America, United States. The main office of this VC is situated in San Francisco.

The fund was established by Howard Morgan, Josh Kopelman. The overall number of key employees in the fund's team is 8.

Deals in the range of 10 - 50 millions dollars are most common for this fund. The fund performance shows that this VC achieves 5 percentage points less exits in comparison to other VCs. In comparison with other funds, First Round Capital makes 10 percentage points less than the average number of lead investments. The fund usually participates in 25-48 investment rounds per year. The most exits for the fund occurred in 2018. When First Round Capital invests, the average start-up valuation is 100-500 millions dollars. This fund was the most active in 2011. In addition, the fund was active in 2019.

The usual method for the fund is to invest in rounds with 5-6 other investors. Along with First Round Capital, start-ups are often financed by Rose Tech Ventures, Oreilly AlphaTech Ventures, Forerunner Ventures as well as 368 other investors. The most common co-investors for the fund are SV Angel, Max Levchin, Emergence and also 509 different VCs. The investors in the following rounds are usually Venrock, Tiger Global Management, Icon Ventures, and 391 VCs in total.

The fund has no a preferred number of founders for start-ups that it invests in. If the applying start-up has 5+ founders, it is very unlikely that funding will be awarded. Also, a start-up has to be aged 2-3 years to expect investment from this fund. Among their most successful investment fields, we have identified Enterprise Software, Information Technology. Also, because of its portfolio diversification tendency, we can highlight 94 more industries for this fund. Among the most popular portfolio start-ups of the fund, are Uber, Flexport, Square. The country of its establishment and the country of its most frequent investments coincides - United States. However, start-ups from 5 other countries can be found in the fund's portfolio.

Year Founded

2004

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: firstround.com; User name format in descending order of probability: first

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

>24

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

36.9% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x5.7

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

3.1 years

Decision Makers / Strategy
Similarity Index [see explanation at unicorn-nest.com/dataset-what-we-tweet-vs-what-we-invest]

0.2 out of 1

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.58 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

12

Number of Decacorns [amount of portfolio companies, which were valuated at more then $10B]

1

Number of Minotaurs [amount of portfolio companies, which raised more then $1B in total]

3

Funds Investing Together

SV Angel, Emergence

Funds Investing in Following
Rounds

Venrock, Tiger Global Management, Icon Ventures

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