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First Momentum Capital

First Momentum Capital is a New York-based fund-of-funds that invests in emerging venture capital managers, providing early-stage support and resources. It focuses on backing new VC firms rather than directly investing in startups.

Founded
2022
Recorded stages
Friends Family, Angel, Accelerator, Pre Seed, Seed, Seed Plus, Series A, Series A Plus, Series B, Series B Plus, Series C, Series C Plus, Series D, Series E, Series F, Growth Equity
Recorded regions
United States, North America

Online destinations

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Official links

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Overview

First Momentum Capital is a venture capital fund-of-funds based in New York, established in 2022. The organization is dedicated to supporting emerging venture capital managers by providing them with early LP capital, resources, and mentorship. Led by Benjamin Ehrlich and Eric Ries, First Momentum Capital aims to identify and back the very best venture firms at their inception, focusing on those with innovative strategies and strong founder relationships. The firm operates under the belief that the next generation of venture investors can achieve exceptional returns if given the right support. While it primarily allocates capital to VC funds, its influence may indirectly benefit startups through the managers it backs.

Focus

First Momentum Capital invests in early-stage venture firms, focusing on first-time fund managers who demonstrate technical credibility and a founder-centric approach. The firm operates as a fund-of-funds, primarily allocating capital to emerging venture capital managers rather than directly investing in startups.

Support

First Momentum Capital adds value to its portfolio by providing early LP capital, mentorship, and resources to emerging venture managers. The firm focuses on developing relationships with founders and supporting managers who are mission-driven and technically credible, thereby enhancing future deal flow.

Questions

What are First Momentum Capital's investment criteria?

First Momentum Capital focuses on investing in early-stage venture firms, particularly first-time fund managers who demonstrate technical credibility and a founder-centric approach. The firm looks for managers who are mission-driven and capable of developing future deal flow.

How can I pitch to First Momentum Capital?

For pitches or applications, founders should visit the official website at momentumcapital.xyz. The firm primarily focuses on backing emerging venture managers rather than directly investing in startups.

What makes First Momentum Capital different from other venture firms?

First Momentum Capital operates as a fund-of-funds, which means it allocates capital to emerging venture capital managers instead of investing directly in startups. This unique approach allows the firm to support the next generation of venture investors.

What is the geographic focus of First Momentum Capital?

The firm is based in New York and primarily focuses on the United States. However, it does not have an exclusive geographic mandate, allowing it to consider a diverse range of emerging venture firms across the country.

What is the typical check size for investments?

While specific check sizes for LP commitments into funds are not disclosed, First Momentum Capital is known to provide early LP capital to support emerging managers. The firm’s strategy is centered around providing resources and mentorship rather than direct startup investments.

What is the firm's investment thesis?

First Momentum Capital believes that the next generation of venture investors can achieve exceptional returns if provided with early LP capital, resources, and mentorship. The firm focuses on supporting first-time fund managers with fresh perspectives and differentiated strategies.

Check your startup’s fit

Check your startup’s fit with First Momentum Capital

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