First Round passed on Etsy due to Fralic's misplaced eBay confidence
Chris Fralic · 20VC: The Roblox Memo: First Round's Chris Fralic on The 17 Year Journey to Build a $41BN Market Cap Company, Why It Is Way Harder To Increase Ownership Across Rounds Today & What Happens Post SPACMania · Apr 29, 2021 · at 16:30
Chris Fralic, Board Partner at First Round Capital, reflects on how his past domain experience at eBay caused him to dismiss Etsy's potential.
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“We had the opportunity to look at Etsy, and I was almost dismissive, or I just thought of it as this little niche of handmade goods or something, and I think I was jaded. I mean, I thought I knew so much from eBay that it kind of turned me off to the whole category”
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