Ten years is a long time. When we started First Round in 2005 with the idea to fill the gap between individual angel investing and Series A investing, many on Sand Hill Road dismissed our model as a “cute” novelty. Boy how times have changed. What began as a crazy, contrarian idea has now led to a Series Seed Surge — in the last 4 years alone, over $4 billion has flowed into seed stage and 200 new
