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Liz Wessel
Partner at First Round Capital
Liz Wessel is a prominent figure in the venture capital landscape, currently serving as a Partner at First Round Capital, a well-known early-stage venture capital firm. She joined First Round in September 2023 after an impactful tenure at Y Combinator (YC), where she worked as a Visiting Partner, advising and supporting over 150 startups.123
Background and Career
Wessel co-founded WayUp, an early-career recruitment platform, in 2014 when she was just 23 years old. Under her leadership, WayUp grew to serve over 7 million users and raised more than $40 million in funding. The company successfully merged with Yello in 2021, marking a significant milestone in her entrepreneurial journey.134
Before her entrepreneurial ventures, Wessel was part of Google's Associate Product Marketing Manager program, where she contributed to various marketing initiatives, including campaigns in India. She graduated from the University of Pennsylvania, where she studied Political Science, Math, and Japanese, and was involved in several entrepreneurial projects during her studies.234
Investment Philosophy
As an investor, Wessel emphasizes the importance of the founding team over the business idea itself, reflecting a philosophy she adopted during her time at YC. She seeks startups with strong market understanding and capable teams, especially in the current challenging funding environment.123 Her track record as an angel investor includes backing notable companies like Ro, Ramp, and Scale AI, showcasing her keen eye for potential high-growth ventures.124
Personal Life
Wessel is married and has a daughter. She is also known for her commitment to community service, often volunteering her time to tutor students.34
Through her role at First Round Capital, Wessel aims to leverage her extensive experience as a founder and investor to support the next generation of entrepreneurs, providing them with the guidance and resources they need to succeed.234
Highlights
The team at @BoxGroup is epic and Im so grateful to have had them as one of my investors when I was a founder. Kudos to them on the newest fundraise!!! 🙌 @davidtisch @AdamRothenberg @grosen @nkatragadda
It’s funny how much faster startups get VC hype (esp from multistage VCs) when they sell into VC-backed companies vs true enterprise. If several portco’s use you, you’re hot. If not, later stage VCs often barely notice you, even if your enterprise deals are bigger + more stable.

