First Round Capital

4 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Sep 2, 2025 by Howard Morgan · said 9 times in 1 episodes since 2025 · across every show →

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2025 9 mentions in 1 episode

Howard Morgan on AI, Global Venture Investing & Founder Insights | NVCA Award Recipient Series Sep 2, 2025 · 9 mentions · from 12:07
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Everything said about First Round Capital, oldest first

Sep 2, 2025

Disclosure

Morgan: First Round's entry valuations rose from $2M to $6M

“In 2005, I think our average entry pre-money valuation was in the two million range. And a couple of years later it got into three and then it got to five and six and the exits did not continue to increase.”

Howard Morgan Sep 2, 2025 ▶ 29:35 Howard Morgan on AI, Global Venture Investing & Founder Insights | NVCA Award Recipient Series

Sep 2, 2025 positive

Assertion Not checkable as stated

Morgan: First Round's Uber Investment Returned 22x the Entire Fund

“And when it exited, Uber returned 22 times the whole fund.”

Howard Morgan Sep 2, 2025 ▶ 13:58 Howard Morgan on AI, Global Venture Investing & Founder Insights | NVCA Award Recipient Series

Sep 2, 2025 positive

Assertion Not checkable as stated

Morgan: First Round's Roblox Investment Returned 23x to 24x the Fund

“So we did Roblox, and you know, that in the end returned even more than Uber. Like, 23, 24 XCI.”

Howard Morgan Sep 2, 2025 ▶ 14:29 Howard Morgan on AI, Global Venture Investing & Founder Insights | NVCA Award Recipient Series

Sep 2, 2025 positive

Assertion Not checkable as stated

Morgan: First Round Capital Fund II Returned 50x

“We raised a hundred thirty two million dollar fund. That fund returned 50 x. So Princeton and Yale each got a billion dollars back, actually moved their needles.”

Howard Morgan Sep 2, 2025 ▶ 12:58 Howard Morgan on AI, Global Venture Investing & Founder Insights | NVCA Award Recipient Series

First Round Capital

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