Kopelman: Founder community cannot be sprinkled into a venture firm post-hoc
Josh Kopelman · 20VC: First Round's Josh Kopelman on Why Price Is Both An Art and A Science, Why Ownership Must Be Built on First Check and The Negative Consequences of Attribution in Venture · Jan 28, 2019 · at 34:43
Josh Kopelman is the founder of seed venture firm First Round Capital. He reflects on the operational challenges of building First Round's founder platform and network.
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“Virality is really hard to engineer and build in and you have to build it in from scratch. And I think that community is not something that could be Sprinkled in. Like, you really have to work hard, and it has to be part of your DNA, and it has to be part of the implicit and explicit bargain that founders sign up for when they choose to work with you”
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