are not complete and do not constitute an offer to sell or a solicitation of an offer to buy an interest in First Round Capital. An offer is made only by a private placement memorandum (“PPM”). These materials are qualified in their entirety by such PPM, which discusses numerous risk factors and other considerations.
Track Record A series of annual funds, initial fund targeted for $7 million ($3.5M initial investment, $3.5M reserved for follow-on) Seed and early-stage Technology Nationwide Josh Kopelman and Howard Morgan Proven entrepreneurs and angel investors Invested in over 50+ startups
favors seed/early investing Less than 3% of VC funds invest pre-revenue No “auctions” that increase valuations Pace of innovation, new startups increasing Plenty of follow-on capital if early milestones achieved Critical to Get in Early at Low Valuations
and investor in the Internet industry since its commercialization. In 1992, Josh co-founded Infonautics Corporation – an Internet information company. In 1996, Infonautics went public on the NASDAQ stock exchange. Josh left Infonautics to found Half.com in July of 1999. Half.com was acquired by eBay in July 2000 for $355 Million -- and Josh remained with eBay for three years, growing eBay’s Media business to almost half a billion dollars in annual gross merchandise sales. In January 2004 Josh was the founding investor in TurnTide an anti-spam company that created the world's first anti-spam router. In July 2004, TurnTide sold to Symantec for $28 Million.
a consulting and venture capital investment management firm specializing in the area of computer and communications technologies, and a Director of Idealab, where was a founding investor in 1996 He has more than 25 years of experience with more than thirty high-tech entrepreneurial ventures. Dr. Morgan serves on a number of public company Boards, including Franklin Electronic Publishers, Inc., Segue Software Corporation, and Unitronix Corp. He is also Chairman or a member of the board of numerous private companies including CarsDirect.com, Partsearch Technology, Energy Innovations, MagicWorks LLC, and Planalytics, Inc.