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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A deal that was "mint to be..."

I’m super excited by today’s news that Intuit has acquired for $170 million.


It’s been amazing to watch Aaron Patzer and the entire Mint team transform a rough prototype to a world-class product over the last three years.  As my partner, Rob Hayes (who led our investment in Mint and served on their board of director’s) wrote this morning:


"It has been a short 3 years since we met Aaron Patzer at a STIRR dinner in the Valley.  Seven days after we met, he had a term sheet for his seed round and off he went.  During that time we have had a ringside seat while the company grew from a rough prototype on Aaron’s computer to an amazing personal finance tool with well over 1 million users and critical acclaim... " (Continued here)


I look forward to watching the Mint team continue to thrive at Intuit -- this deal was mint to be.  And while I know Aaron always preaches fiscal discipline, he's now a member of the First Round Capital "blank check club" -- and should he ever start another company, he can come to us to claim it ;-)


Congratulations to Aaron and the entire team!


P.S. – And if you think you’re the next Mint, we look forward to seeing you at a future STIRR dinner – we’ll be sponsoring a bunch of them…