Phin Barnes (@phineasb) and Brett Berson (@brettberson), partners at First Round Capital, join Erik on this episode.

They discuss:

- Why when First Round was started VC was mainly an “anti-network business.”

- How the needs of founders and companies have evolved since First Round was started.

- The four phases of a company and when to think about raising funds.

- How to think about price as an investor.

- What, in their opinion, are the predictors of founder success.

- Some of the projects and initiatives they’ve worked on at First Round.

- How they get up to speed quickly on different spaces.

- The future of the firm.

Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.

Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.

Venture Stories is brought to you by Village Global and is hosted by co-founder and partner, Erik Torenberg. Grace Chen is our audio engineer and the show is produced by Brett Bolkowy.