first round capital

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1:00-2:15 Welcome everyone, with me today is Rob Hayes of First Round Capital. 2:15-4:00 Thank you to eMinutes for sponsoring the show. If you're a first-time entrepreneur, contact eMinutes for free incorporation services! 5:00-5:30 Your speciality is getting into deals early, yes? 5:30-7:30 What is the average fund size? 7:30-8:30 Were Josh and Howard visionaries when they decided on this fund size? 8:30-11:30 What's different about what you guys do than the Sequoia Capitals of the world? 11:30-13:30 When startups raise a huge fund without anyone in charge, what problems does that cause? 13:30-15:30 Tyler: Breast augmentation is a leading indicator of a bubble. 15:30-19:15 Was Instagram a "bubble-like" purchase, in your mind? 19:15-22:45 What's your advice to young entrepreneurs, go for growth or go for revenue? 22:45-25:45 Thank you to Trada for supporting TWiST! Everyone thank @Trada! 25:45-29:15 What are the things you look for that make you want to invest in companies? 29:15-30:45 When you're not going to invest in something, how do you tell the person know? 30:45-34:15 Rob explains his process working with Mint.com's Aaron Patzer. 34:15-36:00 What was your biggest hit? Uber? How did you get them? 36:00-37:00 What are some of First Round's other big hits? 37:00-38:15 Is Jack Dorsey a genius? 38:15-43:30 If you were on the board of Apple, would you give a stock dividend or purchase companies? 43:30-46:30 It's time to play "Guess the Fake Startup" with Kirin Kalia of LAUNCH. 46:30-53:15 Jason, Tyler and Rob review the startups for consideration. 53:17 Fucking, Jason 53:15-54:00 LearningTrails.com is the fake startup! 54:00-56:30 What's the most important trait for an entrepreneur to succeed? 56:30-59:45 Is a certain humility necessary? 59:45-1:00:45 If you've made enough money that you don't have to work, why do you still do what you do? 1:00:45-1:02:45 How much harder is it to be a founder than it is to be a VC? 1:02:45-1:04:45 Why is First Round's reputation so good? 1:04:45-1:06:00 Have you ever funded someone who emailed you cold? 1:06:00-1:08:30 What's your biggest miss? 1:08:30-1:10:00 What's your take on the YCombinator bubble? 1:10:00-1:11:15 Tyler: Is Silicon Valley losing its grip as "startup mecca"? 1:11:15-1:11:45 Thank you to our friends at eMinutes and Trada. 1:11:45-1:13:00 Rob, thank you for joining us today. And remember, TWI is still looking for a CEO. If you're a samurai CEO, email jason@thisweekin.com. We'll see you next time! Support This Week in Startups and independent media by joining the TWiST Producer Program at TwistList.co! Want to support TWiST another way? Use bit.ly/twistamazon when you shop and a portion of your purchase will go toward helping keep independent media like TWiST on air! Keep up with the latest from our sister company, LAUNCH: Is There a YCombinator Valuation Bubble or Not? http://www.launch.co/blog/is-there-a-ycombinator-valuation-bubble-or-not.html The One Product that Makes Apple a Trillion-Dollar Company Overnight http://www.launch.co/blog/the-one-product-that-makes-apple-a-trillion-dollar-company-o.html Mint.com-for-the-cloud Cloudability to Graduate from TechStars Cloud with 2k+ Customers http://www.launch.co/blog/mintcom-for-the-cloud-cloudability-to-graduate-from-techstar.html Disrupting Education http://www.launch.co/blog/disrupting-education.html LAUNCH Education & Kids, June 12 and 13 http://www.launch.co/blog/launch-education-kids-june-12th-13th.html FOLLOW ON TWITTER Jason: @jason Tyler: @steepdecline Rob: @robhayes Trada: @trada eMinutes: @eminutes