VC firms generally don’t reveal this sort of data, so it’s pretty interesting to get an inside look into First Round, which raised a $160 million new fund in 2012. The firm made 37 new investments, participated in 66 follow-on rounds, and invested a total of $23.1 million in 2012. First Round says that it companies raised a total of $910,000,000 in 2012.
Another interesting data point—2012 was the first year in the firm’s history where consumer companies represented less than 50 percent of its initial investment dollars. And 5.5 percent of all dollars invested in Tech/IT companies by every venture firm in the country went to a FRC company. The First Round Capital companies that exited (through M&A or IPO) in 2012 were worth 2,500,000,000+ at the time of exit.
Every dollar First Round initially invests in a company is typically followed by $36 of follow-on capital from other VCs.
The most common CEO name in the First Round Community is David – there are 11 Davids. The First Round Capital infamous Holiday Video was viewed over 100,000 times.