Redeye VC

Josh Kopelman

Managing Director of First Round Capital.

espite being coastally challenged (currently living in Philadelphia), Josh has been an active entrepreneur and investor in the Internet industry since its commercialization. In 1992, while he was a student at the Wharton School of the University of Pennsylvania, Josh co-founded Infonautics Corporation – an Internet information company. In 1996, Infonautics went public on the NASDAQ stock exchange.

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Monthly Archives for 2010

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Permanent Record

Fr100392_1 I am pleased to welcome my partner at First Round Capital, Rob Hayes, to the blogosphere.  His new blog, Permanent Record, is off to a wonderful start.  In his most recent post, Rob is right-on with his comments on Web 2.0, where he astutely observes that:

"the Web 2.0 label will inevitably end up in the dustbin of overused company descriptors (where it can have a cup of coffee with B2B, nano, and any non-medical usage of the word “eyeball”)..." 

I share his concerns.  While I'm looking forward to attending the Web 2.0 Conference next week as a convenient location to hold many of my west-coast meetings, I've come to believe that Web 2.0 has no useful meaning  as a company descriptor.  What started as an attempt to classify an emerging form of business model has come to signify any Internet company that was formed after 2003.  I don't look to fund Web 2.0 businesses - I look to fund good businesses.  I don't care if you use AJAX to develop your website any more than if you use Ajax to clean your office furniture -- just show me how you will satisfy an urgent and pervasive customer need and how you will generate revenue.   

Welcome to the blogosphere Rob - I can't wait to hear what you have to say next...

Rob's Blog, Permanent Record, can be found at