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When we founded FirstMark in 2008, our vision was to build a network-driven venture capital firm that would enable the world’s most ambitious founders to build companies that change the world. FirstMark is constantly looking at ways to innovate to better serve our entrepreneurs. It is in that spirit that we are proud to announce the formation of FirstMark Horizon Acquisition Corporation (FMAC), a special purpose acquisition company (SPAC) that we listed this week on the NYSE. …


FirstMark is a venture capital fund that invests in technology startups. We are proud to work with entrepreneurs who have built iconic companies like Shopify, DraftKings, Pinterest, Airbnb, and dozens of others. Today, we count 75+ startups as members of the FirstMark family.

Our Platform team provides extensive resources and support to accelerate the success of companies in the FirstMark family. We do that by connecting founders and their teams with talent, customers, and expertise.

Our Corporate Development efforts are focused on making meaningful connections between startups and industry leaders — connections that can become company-defining moments..

We have introduced early-stage companies to their first customer, and enabled late stage companies to meet their largest customers. We have laid the groundwork for strategic product integrations, go-to-market and distribution partnerships, and much more. …


Interested in applying? Details at bottom of this post.

FirstMark is a venture capital fund that invests in technology startups. We are proud to work with entrepreneurs who have built iconic companies like Shopify, DraftKings, Pinterest, Airbnb, and dozens of others. Today, we count 75+ startups as members of the FirstMark family.

Our Platform team provides extensive resources and support to accelerate the success of companies in the FirstMark family. We do that by connecting founders and their teams with talent, customers, and expertise.

As a firm, we operate multiple communities that create extraordinary value for FirstMark-backed founders, their teams, and for the tech ecosystem at large. …


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FirstMark is a venture capital fund that invests in technology startups. We are proud to work with entrepreneurs who build iconic companies like Shopify, DraftKings, Pinterest, Airbnb, and dozens of others. Today, we count 75+ startups as members of the FirstMark family.

Talent is the lifeblood of great companies, and finding the right hire can permanently change the trajectory of a growing company. As a Talent Associate on the Platform team at FirstMark, you’ll be at the forefront of those company-defining moments, by identifying and placing exceptional candidates across the FirstMark Family.

Our Platform team provides extensive resources and support to accelerate the success of companies in the FirstMark family. We do that by connecting founders and their teams with talent, customers, and expertise. …


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The FirstMark Team

We are pleased to announce the closing of our latest funds, FirstMark V and FirstMark Opportunity Fund III, totaling $650MM. In these very difficult times, we are grateful for the steadfast commitment of our existing investors, the support of new investors joining us, and the entrepreneurs that we are fortunate to partner with on this journey.

Our mission remains unchanged from the founding of FirstMark in 2008:

  • We back technology entrepreneurs at the earliest stages of their companies. We are active partners who serve as lead investors, board members, and unrelenting supporters of our entrepreneurs and teams.
  • We provide founders with exceptional operational support through the FirstMark Platform. We have made deep investments in technology and infrastructure to scale the FirstMark network and we are just getting started. …


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Today, we are incredibly proud to announce that Rick Heitzmann, Founder & Partner at FirstMark, has been named to the 2020 Forbes Midas List.

The Midas List is widely regarded as the pinnacle distinction bestowed upon a select group of investors each year. Here’s a brief passage by Forbes on Rick’s story and a handful of his most notable investments:

“Shortly after cofounding FirstMark Capital during the 2008 recession, Heitzmann met two young founders at an NYU business plan contest who foresaw a sea change from a text-based world to an image-based one. Their idea became Pinterest, and Heitzmann, the lead investor in its $525,000 seed round in 2009, eventually enjoyed a reported 1,900x return multiple when it went public at a market capitalization in April 2019 of $12.7 billion. “Nothing’s easy, especially when you’re starting in a recession, but it makes you gritty,” says Heitzmann, who is also an investor in Airbnb, Dashlane, Discord, DraftKings, Hubble, Ro Health and Upwork, and who previously was the first institutional investor in Riot Games and StubHub.”


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By Amish Jani & Leigh Bonner

Equity is one of the most powerful compensation tools available to venture-backed startups. A thoughtfully designed equity program makes a significant impact on a growing company, giving employees a tangible sense of ownership and serving as a long-term retention tool.

Traditional Approach to Refresh Equity Grants

Typically, startups grant employees stock with a one-year cliff (i.e., no equity is vested until an employee reaches her one-year anniversary) and a four-year vesting period. At the one-year cliff, an employee vests 1/4 of her initial grant. …


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We’re growing our team!

We are looking for an investment associate to join our investment team in New York City. As an associate, you will engage in a broad range of activities including: supporting our investment process (sourcing, market research, analysis, etc.), supporting the FirstMark portfolio companies and community (research, recruiting, events, introductions, etc.), and representing FirstMark at various industry events and within the startup ecosystem.

The ideal candidate has a strong point of view on emerging technologies and business models, has a tendency to go deep when researching ideas and knows their way around a spreadsheet. We are looking for self-starters with a passion for technology, entrepreneurship, the Internet and all things startup. …


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Doug Gaff, vice president of engineering at Zapier

Distributed teams are the future of work, but how do they actually work? Here at FirstMark, we’re proud backers of a number of companies that subscribe to that future — like InVision, Upwork, and others that use remote work as a way to unlock and accelerate their growth and success.

But why has remote work taken off? With an increasingly decentralized workforce and a plethora of remote-friendly tools enabling constant communication (Slack, Zoom, Google Hangouts, etc.), more startups are beginning to incorporate remote workers onto their teams. …


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In the world of Customer Success, asking the right question at the right time can be the difference between a renewal and an upsell… or churn.

So recently, when we convened our Customer Success Guild (a select group of senior CS leaders at venture-backed tech startups) for the final live event of the year, we asked the group “what are the most effective questions you ask your customers that routinely produce great insights?” Here’s what they said:

1. Why did you buy?

Asking this question after a sales handoff helps level set priorities and clarify the reason for purchase. This is particularly effective for products that have a breadth of features or use cases. …

About

FirstMark

Early-stage venture capital in NYC. firstmarkcap.com

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