First Round Capital

Investments

Where the Money Went in 2012

$2.5 Million Dollars Was Raised Every Day by the First Round Portfolio in 2012

$910.1 M

$16.4 B

5.5%

total capital raised
by FRC companies in 2012

total amount invested in
tech/IT by every VC firm in 2012

of dollars invested in Tech/IT companies by every US venture firm went to a FRC company

Investments & Exits

37 out of 2338 companies reviewed, or 1.53%, were invested in

* 15 investments in 2012 have yet to be announced

Jan
- Socialwire
  
  Jan 31
Feb
- Mango Health
  
  Feb 2
- Poppin
  
  Feb 22
Mar
- Dogvacay
  
  Mar 9
- Sookasa
  
  Mar 13
- Influitive
  
  Mar 22
Apr
- 9gag
  
  Apr 19
- True & Co
  
  Apr 19
- Upstart networks
  
  Apr 19
- Rewindme
  
  Apr 20
May
Jun
- Artillery Games
  
  Jun 8
- Funders Club
  
  Jun 25
- Instacanvas
  
  Jun 13
- Casahop
  
  Jun 15
- Give Forward
  
  Jun 29
Jul
- Waywire
  
  Jul 2
- Lookcraft
  
  Jul 18
Aug
- Sherpaa
  
  Aug 8
Sept
- Perceptual Networks
  
  Sept 21
- Seesaw
  
  Sept 21
Oct
- Rebel Mouse
  
  Oct 24
Nov
Dec
- Smart
  Things
  
  Dec 3

single platform acquired
by constant contact

Jun 14

36:1

Every $1 FRC initially invests in a company is followed by $36 of follow-on capital from other VCs

$2.5B+

Total value of exits

2

IPOs

Data by year

2010

# new
Investments

# Follow-on
Financings

Initial capital
invested by frc

$18.7 M

follow-on capital
Raised by portfolio

$379.9 M

	A	B	C
Avg Change in pre-money	+218%	+560%	+221%
Avg new money	$4.0M	$10.8M	$14.2M

2012

# new
Investments

# Follow-on
Financings

Initial capital
invested by frc

$23.1 M

follow-on capital
Raised by portfolio

$801.4 M

	A	B	C
Avg Change in pre-money	+218%	+253%	+164%
Avg new money	$4.7M	$17.0M	$25.1M

2011

# new
Investments

# Follow-on
Financings

Initial capital
invested by frc

$13.6 M

follow-on capital
Raised by portfolio

$816.5 M

	A	B	C
Avg Change in pre-money	+326%	+314%	+215%
Avg new money	$5.7M	$16.0M	$28.3M

Initial investment by sector

consumer
enterprise
Health

2012 was the first year in FRC history in which consumer companies were less than 50% of investment dollars

investments by Source

14% Angel
21% entrepreneur
14% previous frc founder
17% vc
20% other
14% portfolio founder referral

We’re Nationwide

a GEOGRAPHIc look at first round COMPANIES

states with frc companies

480,000+

miles flown by partners

That’s 19 times around the
Earth across 7 partners

31,621 Rob Hayes
101,747 Howard Morgan
117,000 Josh Kopelman
40,000 Bill trenchard
47,623 Kent Goldman
80,000 Chris Fralic
62,500 Phin Barnes

First round capital offices

SF
NYC
Philly

Destinations

Internal Innovation

The Products, Services and Events that Enable our Community

Annual CEO & CTO Summits

CEO & CTO Summit brought together the First Round Community and senior leaders from companies like Google, Facebook, Amazon, Twitter, Yammer, Etsy and Pandora, LinkedIn, Netflix and 30 more to learn how to build better technology companies together

57Portfolio-
only Events
1418internal event
Attendees
50hours of
Video Content
created

293

Hours in board meetings

1000+

BD Connections Made

300+

Candidates Presented to Portfolio

132

Downloads of Model Board deck

131

Venture Concierge
requests completed

786

hours saved with concierge

Days worth of time

Our Venture Concierge exists to answer questions that require one-off research. Think of it as an on-demand consulting service.

FRC Network

694 Questions asked
1762 Answers Provided

Our network lets our CEOs ask questions, share content and learn from each other. Every year brings hundreds of questions and thousands of answers.

Service Provider Reviews

1845 overall
550 in 2012

We built a platform that shows who the best service providers are & who uses them within the community.

Emails by partners per day

200 received
100 sent

External Innovation

COMMON APPLICATION

First Round Common App gives students from around the world the opportunity to apply to 170 portoflio comapnies with one application.

500+

student applications
in the first two weeks

170+

companies

Dorm room fund

Dorm Room Fund is a new kind of venture fund run by students for students.

600+

Students at
info session

11 students
accepted

> Most creative app

CYBER MONDAY

26 First Round companies came together to make gift giving just a bit easier and cheaper during the holiday season with exclusive Cyber Monday Offers.

22,051

total visits

companies