Cost Cram Down Hiring Operations 
Both Sides of the Table
APRIL 20, 2011
Howard Morgan earned a PhD in Operations Research/Computer Science in 1968. They chose the name First Round Capital because they thought capital would be deployed most efficiently at smaller seed stage rounds considering the cost to build an internet business had come down drastically. Investing Strategy.
Growthink Blog
MAY 23, 2011
Technical progress and market traction are much slower and cost a lot more than anticipated. By definition, companies that receive venture capital cannot fund their businesses from operations, and thus need to seek outside capital. And they hire very aggressive securities attorneys to represent their interests.
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