Ready for the Next Phase of Your Angel Investing Journey? Apply to First Round’s Angel Track

Applications are open for our Spring 2023 cohort — get yours in by 1/29

Collage of photos of members of First Round’s Angel Track community

Returning to our in-person roots:

The chance to build deep and authentic relationships with fellow members has always been the secret sauce of Angel Track. Much of this can be traced back to the roots of our very first cohort in 2018, which started with just 16 members meeting once a week in our San Francisco office. Of course, the formula for how we gather has since evolved by necessity, as recent years forced a remote-first approach. But over the course of 2022, we’ve seen the value of gathering in person once again, from thematic, sector-specific small group dinners to the intimate, carefully-crafted retreats for alumni we were able to put together. Now, with 11 cohorts under our belt, we’re excited to share that Angel Track will continue to remain a hybrid, distributed program, but with a lot more options for in-person gatherings in San Francisco and New York City. We’re excited to return to bringing people together in these two areas (where most of our community is still based), ramping up the frequency to make in-person, regional gatherings more of a staple of the Angel Track experience this year.

Layering on a thematic focus:

Each Angel Track cohort feels quite distinct due to the unique combination of its members. We’re always seeking to strike the right balance between common threads that stitch folks together and diverse perspectives that everyone can learn from. This year, we’re trying something new by leaning a bit more into specific verticals (namely, SaaS, Data/Developer Tools, AI/ML, Health, and Fintech), carving out new groups within our community to sharpen angels’ ability to build conviction and support founders in those sectors. (So if you invest in these particular areas, we’re especially interested to hear from you as we consider applications!)

Leveling up the curriculum:

We’ve found that most of our cohort members are looking for incredibly tactical angel investing frameworks that dive into the actual nuts and bolts of how to be more than just a check. That’s why we’ve continued to refine and iterate on our custom-built curriculum, which is tailored to accelerate learning across every aspect of angel investing — from sourcing techniques and frameworks for evaluating pre-product companies, to tactics for supporting founders and strategies for structuring your portfolio. We’ve recently introduced case studies, a new format that gives cohort members the chance to dive even deeper by examining real-word investment decisions, walking through practical exercises and hearing from the founders and investors who were actually involved.

How to apply:

If you’re eager to experience these benefits firsthand and supercharge your own angel investing career, we encourage you to toss in your application for the Spring 2023 cohort of Angel Track — or share the link with someone who you think could be a great fit. Applications close on January 29th at 12 AM PST. (We’ll be accepting applications on a rolling basis before then.)

  • You’ve made between 5–15 angel investments already, but you’re looking to take things to the next level and start thinking more strategically.
  • You’re particularly interested in backing founders building in SaaS, Data/Developer Tools, AI/ML, Health, and Fintech.

Meet our Fall 2022 Cohort:

If you’re curious to learn more about the community you’ll be joining, we’ll end by introducing you to the newest faces who are joining the ranks of Angel Track alumni — the 37 incredible additions from the Fall 2022 cohort that just wrapped:



The first round for remarkable founders.

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