Thanks to the #ash, a rare opportunity for startups to meet a legendary VC firm in London

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First Round Capital holds a 'Volcano' Office Hours in London

The ash cloud over Europe is proving a nightmare and a boon for some startups. It’s certainly a nightmare for startup teams traveling to events, like GeeknRolla on Tuesday. (And on that note, please now follow @GeeknRolla where we will sharing information on the event and helping you get to London). But if you are in London tomorrow (Sunday) you have a rare opportunity, and it’s thanks to the ash from Iceland.

First Round Capital, are one of the lead/premier early-stage VC funds in the US. One of their managing partners, Chris Fralic (@chrisFRC) is stuck in London because of the volcanic ash’s effect on the airlines. So he’s planning to host one of First Round’s famous “Office Hours” events. This is when anyone/everyone is welcome to pop over and meet and chat with him (usually entrepreneurs wanting to pitch). This will be the Volcano Office Hours.

While this type of “session” seems obvious today, First Round Capital were the first to start it back in 2008, see here and here and here and here.

The event is set for 1pm (1300) onwards. Here is all the information you need. HERE. Or sign up here.

It will be at White Bear Yard, in Clerkenwell (@whitebearyard), 144a Clerkenwell Road, London, EC1R 5DF.

There is also a chance that a stranded Alan Patricof, often described as the father of VC and private equity (founder of Apax Partners) may join in as well. Alas we’ve heard he can’t make it now.

First Round Capital has the most trafficked VC site and are investors in Xobni, Mint.com, SimpleGeo, Hot Potato, Square, CoTweet, Knewton, Plastic Jungle, Yieldex, Get Satisfaction, OpenX, Mashery, WeatherBill, BazaarVoice, Yieldex, and tons others as listed on their CrunchBase profile.

UPDATE: The event is now sold out but we’ve been told that “people can still come by if they’d like and we’ll do our best to accommodate but might not be private meetings.”

  • http://CrucialDivide.com David Ashwood

    Very cool opportunity – wish I was in London rather than Barcelona this weekend :)

  • http://www.woobius.com Daniel Tenner

    Excellent opportunity. Thank you Mike for bringing it to everyone’s attention.

  • Michael Boyd

    Places sold out quick. :(

    Good luck to those who were faster.

  • http://www.twitter.com/michaeljung Michael Jung

    Open Office hours. EVERY VC firm should do them every 2-3 months. Even if they don’t have offices in London or NYC, Chicago, Boston, … what’s the problem with spending a day with many young people and giving them feedback. Maybe even doing group therapy, doing before a presentation which lands on YouTube.

    It doesn’t need to be always YC, TechStars or other incubators who organise such event.

    If VCs want quality deals, they have to make it possible to hear it first hand.

    • http://twitter.com/mikebutcher Mike Butcher

      Yeah, agreed.

  • lou D

    Are you effing kidding me? This is newsworthy?

    • http://twitter.com/mikebutcher Mike Butcher

      It is in Europe. Mate.

    • http://www.woobius.com Daniel Tenner

      I haven’t heard of any other such event happening in London yet. Yes, it’s pretty big news here.

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    […] the positive side of the lack of airplane traffic, and First Round Capital decided to have an impromptu meeting with startups, since some of the firm’s VCs were stuck in Europe by the ash cloud. The New […]

  • http://favit.com/infographs Marfi

    Excellent idea to benefit from delays, kudos!

  • http://www.sandbox-network.com Antoine Verdon

    Great idea! I tried to summarize some other opportunities arising from the ashes in this post: http://bit.ly/bdy0nj Feel free to comment to add to the list!

  • http://cityandout.com AndreaF

    I was there and had my 10 mins with Chris. It was a really cool initiative and I need to thank Chris, Eileen and the other guys there for taking care of us. Special thanks to Roberta who was running around and managing the flow of people. Met lots of good entrepreneurs so it was definitely worthwhile. And we were chatting upstairs on the rooftop in the sun; it was a really good day.
    Hopefully we’ll have more of these in London.

  • Lucien

    Beware guys, its getting worse than just planes not being able to operate. The icelandic ash cloud is now attacking servers!

    Check the disclaimer here to know what I’m talking about : http://www.ascii-codes.net/cp861.html

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    […] the positive side of the lack of airplane traffic, and First Round Capital decided to have an impromptu meeting with startups, since some of the firm’s VCs were stuck in Europe by the ash cloud. The New […]

  • Kavan Seggie

    Great afternoon…

    I was there, and spoke to Chris even though I didn’t manage to prebook a slot. It was supposed to finish at 3pm but when I left at 4.30pm both Chris and Eileen were still meeting entrepreneurs.

    Many thanks, and I hope other VCs take your lead. Afterall without the entrepreneurs VCs would not exist.

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