Sign up FAST! Login

Does First Round Capital have the most powerful network in the Valley? - Fortune Tech


Stashed in: Silicon Valley!, Wanelo

To save this post, select a stash from drop-down menu or type in a new one:

Interesting article that talks about how First Round Capital has a private social network for its portfolio company founders and employees managed by 8 First Round Capital staff.

Meh.

By the time Deena Varshavskaya had hired six people for her social shopping startup Wanelo she knew she'd need a bigger office -- soon. That's not an easy task for a young entrepreneur in a city as crowded and expensive as San Francisco. So she turned to one of her most important resources: the First Round Capital network.

She logged on and posted her question to the CEO forum, a network of 150 CEOs of companies funded by First Round. Within the hour, the CEO of a startup just two blocks down posted that his company was moving and his space was available. "It was 98% perfect!" she recalls.

First Round is Yet Another Network.

There are also the networks of Andreessen Horowitz, Greylock, Sequoia, Kleiner Perkins, Benchmark, NEA, Y Combinator, 500 Startups, and dozens of others. Not to mention the alumni of universities and companies.

And then there's the Silicon Valley network itself.

So yes, employing our networks is good.

But no, First Round is not differentiated from the others.

You May Also Like: