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Re:First Round Capital Open Application for Startups by solve on Wednesday April 22, 2015 @04:57PM (#9423496)
From that page:

> Should everyone apply to First Round through the OpenApp?

> No. The best way to reach us is still through a referral.

Re:First Round Capital Open Application for Startups by staunch on Wednesday April 22, 2015 @05:09PM (#9423560)
The incumbents often see the future, but rarely update their fundamental viewpoint to match the new reality. It's the innovator's dilemma applied to VCs.