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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Six months in Philly

StartupPHL-150x150It’s been a little over six months since we moved our headquarters into the city of Philadelphia.  And boy has a lot happened since then:

  • We announced the Dorm Room Fund here in Philadelphia.  We received interest from over 700 students to serve on the investment committee.  We selected 11 students.  And they have already begun to make investments at a rapid pace!  So far they’ve committed over $150K for investment into 8 companies founded by Philadelphia-area students. We’re so happy with the traction that we’re seeing here in Philadelphia, that we’re even expanding the Dorm Room Fund to other cities.
  • We’ve hired over a dozen interns from Penn and Drexel, including six Portfolio Consultants – who have completed over 30 consulting engagements for our portfolio in the last month!
  • We’ve hosted thousands of people at dozens of events in our new space.  These events help bring us closer to the Philadelphia tech ecosystem.  From meetings to help plan Philly Tech Week, to Open Angel Forum meetings, to Startup Corps weekly mentorship meetings, to Girl Develop It Philadelphia meetings, to Good Company Ventures Investor Day -- we’ve met some really incredible people. 
  • And in the last six months we’ve been thrilled to see other investors step up to support Philadelphia entrepreneurs.  Goldman Sachs committed $10 million in loans to Philadelphia startups.  Blackstone (in partnership with Temple University, Philadelphia University, and the University City Science Center) announced a $3M LaunchPad program to provide mentorship and venture consultation to entrepreneurs, Drexel University unveiled plans for a new fund --  Drexel Ventures  -- which will provide seed funding for technology startups.  The University of Pennsylvania Healthcare System, Blue Cross and DreamIt Ventures teamed up to launch DreamIt Health – an accelerator that provides investment, mentoring, and customer-access to healthcare entrepreneurs.  And we’ve been approached by several suburban venture firms who are contemplating moving to the city!

Finally, today we are excited to announce that First Round Capital has been selected by the City of Philadelphia and the Philadelphia Industrial Development Corporation (PIDC) to manage the Startup PHL Seed Fund, a new fund announced by Mayor Michael Nutter to increase the availability of investment capital for Philadelphia-based startups.  This fund will be a co-investment fund – where the PIDC has allocated $3 million to be invested alongside $3 million from First Round Capital in qualified, Philadelphia-based startups.  We’re hoping that this fund will result in more companies starting – and staying – in Philadelphia. 

It’s been a busy six months – and I can’t wait to see what happens in the next six!

First Round Capital is Hiring: Platform Experience and Operations Manager

HiringFirst Round Capital is an entirely new kind of venture firm built from the ground up to help the world's best entrepreneurs build better companies.   One of our key tools to deliver on this promise is crafting incredible in person experiences for the entrepreneurs we work with – it's something we now do over 50 times per year.  We're creating a new role at First Round, a Platform Experience and Operations Manager, to help us take these events to the next level, continue to innovate and create experiences we haven't even thought of yet – and build systems and process to allow our entire Platform team to scale.

As a Platform Experience and Operations Manager you will be responsible for running and innovating on all aspects of our in person experiences that range from intimate dinners with the most influential names in technology through CEO and CTO Summit, our internal conferences that bring together the leadership teams from our 170+ companies.  You will have the opportunity to work with the entire First Round team as well as directly with the founders and companies in our portfolio.  In addition, you'll help our 7 person Platform team scale through innovative systems and processes.  This team includes business development, recruiting, learning and research.

The qualities we care most about:

  • Relentlessly resourceful – you need to be able to see a project from idea stage through successful completion – and whatever it takes to make it a success. You're looking for an opportunity to take on huge responsibility and grow in a high velocity work environment.
  • Get things done – this role will require you to get an incredible amount of work done in very short time periods.  We bias towards action.
  • Curious – you're interested in learning new things and can learn very quickly.
  • Pixel perfect – in everything we do, we try to bring care and thoughtfulness to our work.  So while the big ideas matter – we care deeply about the details.
  • No ego – you're willing to do anything and the phrase "that's not my job" is not something you'd ever say.  Ever.
  • Passion for technology – everyone on our team is passionate about technology, startups and company construction – and you need to be too.

We're looking for someone with anywhere from 0-3 years of professional experience.  The position is based out of our San Francisco office.

If you're interested in joining First Round and helping us turn venture capital upside down – email [email protected] with 3 specific examples of when you were relentlessly resourceful and your résumé.