Founded by Josh Kopelman[1] and Howard Morgan[2] First Round typically provides seed-stage funding and focuses on portfolio companies' growth during their first 18 months.

[5][6] It has backed companies that have raised a combined $300 million in venture capital from investors including Y Combinator, Sequoia Capital, Andreessen Horowitz, and Union Square Ventures.

[7] The firm has teams in San Francisco, New York City, Philadelphia, and Boston.

In addition to providing early-stage capital,[8] Dorm Room Fund draws upon its own resources as well as First round's to support student entrepreneurs.

[5] In January 2018, Dorm Room Fund's Head of Engineering Yasyf Mohamedali launched VCWiz, a tool to help founders (student or otherwise) research, discover, and reach out to seed-stage investors.