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In Depth

First Round
In Depth
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185 episodes

  • In Depth

    The fastest way to learn is to run two competing bets | Jay Parikh (EVP CoreAI, Microsoft)

    27/08/2026 | 1h 2 mins.
    In the latest episode of Executive Function, Brett sits down with Jay Parikh, Executive Vice President of CoreAI at Microsoft. Before joining Microsoft, Jay spent over a decade as Facebook's global head of engineering, scaling the company from a few hundred engineers to billions of users, then ran the cybersecurity company Lacework as CEO through its acquisition by Fortinet. In this conversation, he breaks down the five ingredients of great engineering leadership, discusses why he'd rather run two competing bets in parallel than forecast a winner, and explains why company culture remains more important than ever for teams to get right.

    In today's episode, we discuss:

    The five ingredients that separate excellent engineering leadership from the rest

    How to protect your team from large shifts in public perception

    The mindset shift organizations need to maintain speed at scale

    How every layer of the organization needs to stay connected to the customer

    Why Jay runs "brain trusts" of senior ICs with zero managers in the room

    References

    Akamai: https://www.akamai.com/

    AWS: https://aws.amazon.com/

    Facebook: https://www.facebook.com/

    George Conrades: https://www.linkedin.com/in/georgeconrades/

    Mark Zuckerberg: https://x.com/finkd

    Microsoft: https://www.microsoft.com/

    Paul Sagan: https://www.linkedin.com/in/paul-sagan-59654a1/

    Tom Leighton: https://www.linkedin.com/in/tleighton/

    Where to find Jay

    LinkedIn: https://www.linkedin.com/in/jayparikh/

    Twitter/X: https://x.com/jayparikh

    Where to find Brett

    LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/

    Twitter/X: https://twitter.com/brettberson

    Where to find First Round Capital

    Website: https://firstround.com/

    First Round Review: https://review.firstround.com/

    Twitter/X: https://twitter.com/firstround

    YouTube: https://www.youtube.com/@FirstRoundCapital

    This podcast on all platforms: https://review.firstround.com/podcast

    Timestamps

    00:00 Introduction

    00:36 How leadership changes through exponential growth

    02:21 The five ingredients that define excellent engineering leadership

    07:51 What actually drives culture at a company as it scales

    12:05 The physics behind why everything slows down at scale

    18:57 The fastest team of Jay's career, and why size mattered

    22:44 Why every team should think like an FDE

    26:20 Managing a team through wild swings in public perception

    29:07 What's different about leading through the steepest S-curve moments

    33:58 Why onboarding well means going slow to go fast

    37:41 Is AI actually new, or is history just repeating?

    41:35 What actually counts as a "big bet" worth taking

    45:01 The concrete big bets that reshaped Facebook's entire technology stack

    47:35 Why vertical integration keeps being the right call as companies scale

    51:46 How being a startup CEO reshaped Jay as a leader

    1:01:26 Why Jay overruled Zuckerberg's instinct to skip efficiency
  • In Depth

    What startups get wrong about enterprise | Lindsey Scrase (COO, Checkr)

    30/07/2026 | 1h 8 mins.
    In the latest episode of Executive Function, Brett sits down with Lindsey Scrase, COO of Checkr. Before joining Checkr as CRO and later stepping into the COO seat, Lindsey spent nearly a decade at Google Cloud as global managing director for SMB, mid-market, and startups. In this conversation, she breaks down why moving upmarket into enterprise trips up so many startups looking to scale, how Checkr rebuilt its sales compensation model to keep pace with growth, and where AI is already reshaping her operations and go-to-market teams.

    In today's episode, we discuss:

    Why operators who thrive at massive-scale companies often struggle when they join a startup

    The hard-won lessons from Checkr's early enterprise push that nearly failed

    Why Checkr’s C-suite meets every morning with no specific agenda

    The surprising challenges moving from CRO to COO

    How Checkr turned AI experiments into operating systems

    References

    Amazon: https://www.amazon.com

    Checkr: https://checkr.com

    Claude: https://claude.com

    Daniel Yanisse: https://www.linkedin.com/in/yanisse/

    DoorDash: https://www.doordash.com

    Google: https://www.google.com

    Lovable: https://lovable.dev

    Microsoft: https://www.microsoft.com

    Where to find Lindsey

    LinkedIn: https://www.linkedin.com/in/lindsey-scrase-0702442/

    Twitter/X: https://twitter.com/Lscrase

    Where to find Brett

    LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/

    Twitter/X: https://twitter.com/brettberson

    Where to find First Round Capital

    Website: https://firstround.com/

    First Round Review: https://review.firstround.com/

    Twitter/X: https://twitter.com/firstround

    YouTube: https://www.youtube.com/@FirstRoundCapital

    This podcast on all platforms: https://review.firstround.com/podcast

    Timestamps

    00:00 Introduction

    00:06 Why big-company executives often struggle in startups

    02:18 What Checkr's first CRO needed to accomplish

    03:33 How to take on an entrenched category leader

    06:58 Why leaders underestimate how hard the jump to enterprise really is

    10:23 Separating a true deal-blocker from a customer's nice-to-have request

    18:30 Why Lindsey hired enterprise-scarred sales leader over a market leader's résumé

    22:08 The biggest challenges of moving from CRO to COO

    28:03 Why Checkr names a single decision-maker for every major decision

    34:42 Why Checkr rebuilt their sales compensation model

    40:39 What actually separates a team's best seller from everyone else

    45:03 Inside Checkr’s daily, no-agenda, c-suite meeting

    50:23 How following data can sometimes lead you in the wrong direction

    57:27 Why hitting 130% of a goal isn’t always a good thing

    58:57 Where AI has changed how Checkr's teams operate day to day

    1:04:33 Advice for all aspiring COOs
  • In Depth

    How Gamma pulled off their AI pivot | Jon Noronha (Co-founder and CPO of Gamma)

    24/07/2026 | 1h 2 mins.
    In this episode of In Depth, Brett sits down with Jon Noronha, co-founder and CPO of Gamma, the AI-native presentation platform used by more than 100 million people. In this conversation, he walks through Gamma’s distinct eras of product-market fit: from a pre-AI struggle with a year of runway left, to an overnight AI-fueled explosion, to today’s unplanned scramble into enterprise sales. Jon also unpacks his hard-won lessons on horizontal versus vertical bets, monetizing AI products, and why nailing onboarding turned out to be the whole game.

    In today's episode, we discuss:

    Why Gamma's all-in AI launch in March 2023 saved their startup

    How fixing a simple onboarding problem accidentally uncovered Gamma’s entire product-market fit

    Why Jon bet Gamma on a horizontal product against the advice of nearly every investor

    How Gamma's daily signups climbed from hundreds to over 100,000 with zero paid marketing

    What building three pricing tiers taught Jon about monetizing AI

    References

    Canva: https://www.canva.com/

    Corgi: https://www.corgi.insure/

    Facebook: https://www.facebook.com/

    Gamma: https://gamma.app/

    Google: https://www.google.com/

    Linear: https://linear.app/

    Loom: https://www.loom.com/

    Microsoft: https://www.microsoft.com/

    Notion: https://www.notion.com/

    Optimizely: https://www.optimizely.com/

    Salesforce: https://www.salesforce.com/

    Slack: https://slack.com/

    Zoom: https://www.zoom.us/

    Where to find Jon Noronha

    LinkedIn: https://www.linkedin.com/in/jonnoronha/

    Twitter/X: https://twitter.com/thatsjonsense

    Where to find Brett

    LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/

    Twitter/X: https://twitter.com/brettberson

    Where to find First Round Capital

    Website: https://firstround.com/

    First Round Review: https://review.firstround.com/

    Twitter/X: https://twitter.com/firstround

    YouTube: https://www.youtube.com/@FirstRoundCapital

    This podcast on all platforms: https://review.firstround.com/podcast

    Timestamps:

    00:00 Introduction

    01:47 Gamma’s three-era journey to product-market fit

    03:41 Spotting the blank page problem pre-ChatGPT

    05:11 How Gamma survived with only one year of runway

    07:17 How onboarding fixes revealed the whole product

    09:31 Choosing horizontal over investors' vertical playbook

    13:41 Prototyping by hand before AI coding

    15:36 How Gamma builds with future models in mind

    20:06 The Kool-Aid mistake of a late PowerPoint export

    24:31 Why the presentation industry hadn't evolved since 1987

    33:30 How Gamma solves evals for taste, not just data

    40:21 Jon's hardest lessons monetizing AI since 2023

    44:16 The fast leap from prosumer to enterprise

    47:01 Why product still beats distribution

    52:06 The metric that proved product-market fit

    57:36 Pricing advice for prosumer AI founders

    59:01 The toils and realities of founder life
  • In Depth

    Why Plaid’s COO cold-calls new hires | Eric Sager (COO of Plaid)

    16/07/2026 | 1h 9 mins.
    In the latest episode of Executive Function, Brett sits down with Eric Sager, COO of Plaid, following stints as CRO of Bluevine and Head of Sales at Square. During his seven-year tenure at Plaid, Eric has helped lead the business through a pandemic, Visa's collapsed acquisition, a fintech downturn, and the AI boom. In today’s conversation, he unpacks how he kept teams focused during turbulent times, why he refuses to run at 100% capacity, and how he re-architected the go-to-market function as Plaid scaled.

    In today's episode, we discuss:

    How Plaid stayed focused after the Visa acquisition fell through and then raised at nearly 3x the price

    Why great COOs deliberately make themselves obsolete

    Why Eric treats speed, risk, and cost as a three-way trade-off, and why sometimes going slower wins

    How refusing to run at 100% capacity helped Plaid win OpenAI, Perplexity, and Replit

    Why Eric personally cold-calls brand-new employees

    References

    Bain & Company: https://www.bain.com

    Bluevine: https://www.bluevine.com

    Chase: https://www.chase.com

    Citibank: https://www.citi.com

    Eyal Lifshitz: https://www.linkedin.com/in/eyallifshitz/

    Françoise Brougher: https://x.com/FrancoiseBr

    Gokul Rajaram: https://www.linkedin.com/in/gokulrajaram1/

    Jack Dorsey: https://x.com/jack

    Michael Mankins: https://www.linkedin.com/in/michaelcmankins

    OpenAI: https://openai.com

    Perplexity: https://www.perplexity.ai

    Plaid: https://plaid.com

    Replit: https://replit.com

    Sarah Friar: https://www.linkedin.com/in/sarah-friar/

    Square: https://squareup.com

    Visa: https://www.visa.com

    William Hockey: https://www.linkedin.com/in/william-hockey-04536710

    Zach Perret: https://www.linkedin.com/in/zperret/

    Where to find Eric Sager

    LinkedIn: https://www.linkedin.com/in/eric-sager-a529516

    Where to find Brett

    LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/

    Twitter/X: https://twitter.com/brettberson

    Where to find First Round Capital

    Website: https://firstround.com/

    First Round Review: https://review.firstround.com/

    Twitter/X: https://twitter.com/firstround

    YouTube: https://www.youtube.com/@FirstRoundCapital

    This podcast on all platforms: https://review.firstround.com/podcast

    Timestamps

    00:00 Introduction

    00:40 Leading a company through turbulent times

    04:24 How to build a resilient team culture

    08:33 How Plaid avoids bureaucracy, while operating at scale

    10:58 The speed-quality tradeoff: Going faster isn't always better

    15:32 When to move from generalists to specialized customer segments

    20:14 Why Plaid has one owner for entire customer relationships

    22:06 The "quarterback" model: one owner, experts on call

    24:08 Why you should never run your org at 100% capacity

    29:47 "Always available, never needed": the support mantra

    36:49 Eric’s unusual "hit by a bus" test to measure job success

    43:57 Why Eric cold calls brand-new employees

    52:14 Eric's week: 25% ecosystem, 50% business, 25% team

    55:15 How to spot fake mission alignment in interviews

    59:04 The one thing a founder has that no hire can replicate
  • In Depth

    How Supabase became the essential infrastructure for the AI era | Paul Copplestone (Co-founder, CEO)

    25/06/2026 | 59 mins.
    In this episode of In Depth, Brett sits down with Paul Copplestone, co-founder and CEO of Supabase, the open-source Postgres platform now serving more than seven million developers. Before Supabase, Paul launched a Thumbtack-style marketplace in Southeast Asia and co-founded an office-management startup called Nimbus, experiences that taught him to separate fundraising from building and to find product-market fit before blitzscaling. He breaks down how a single tagline change for Supabase unlocked product-market fit, why he runs a fully distributed async team with near-zero attrition, and how he turned PLG signals into a product-led sales motion comped only on incremental uplift.

    In today's episode, we discuss:

    How changing one tagline helped Supabase go to #1 in Hacker News - an early sign of product market fit

    Why Paul ran Supabase like it had only $100K in the bank despite raising real money

    How Supabase rode three distinct AI waves, from pgvector to Bolt and Lovable, to Claude Code

    Why Supabase built a sales team comped only on the incremental uplift over a control group

    What the Toyota production system's "kaizen" taught Paul about unblocking a scaling team

    References:

    Ant Wilson: https://www.linkedin.com/in/ant-wilson-46179937

    Bolt: https://bolt.new/

    Claude Code: https://www.anthropic.com/claude-code

    Codex: https://openai.com/codex/

    Entrepreneurs First: https://www.joinef.com/

    Firebase: https://firebase.google.com/

    Lovable: https://lovable.dev/

    MongoDB: https://www.mongodb.com/

    Next.js: https://nextjs.org/

    PostgreSQL: https://www.postgresql.org/

    Supabase: https://supabase.com/

    Thumbtack: https://www.thumbtack.com/

    Y Combinator: https://www.ycombinator.com/

    Where to find Paul:

    LinkedIn: https://www.linkedin.com/in/paulcopplestone

    Twitter/X: https://x.com/kiwicopple

    Where to find Brett:

    LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/

    Twitter/X: https://twitter.com/brettberson

    Where to find First Round Capital:

    Website: https://firstround.com/

    First Round Review: https://review.firstround.com/

    Twitter/X: https://twitter.com/firstround

    YouTube: https://www.youtube.com/@FirstRoundCapital

    This podcast on all platforms: https://review.firstround.com/podcast

    Timestamps:

    00:00 Introduction

    01:32 Why Paul's earlier startups were never destined to be huge

    07:14 Unlearning the "tall poppy" mindset and going all-in on async

    09:54 Reverse-engineering why Supabase was an outstanding idea

    12:04 The accidental Hacker News launch and tagline lesson

    13:58 Where the early roadmap came from: demand vs. technical taste

    17:28 Skill vs. luck, and operating like you have $100K in the bank

    21:42 What actually makes a great developer experience

    23:10 Solving the "graduation problem" Firebase never could

    24:58 The role of open source in Supabase's success

    26:10 The three distinct AI tailwinds: From pgvector to Claude Code

    35:24 Supabase’s egoless, hyper-competitive open-source culture

    42:58 A tactical playbook for raising capital

    48:37 Product-led sales comped on incremental uplift only

    59:27 The production philosophy behind Supabase’s operations
More Business podcasts
About In Depth
Welcome to In Depth, a podcast from The First Round Review that’s dedicated to surfacing the tactical advice founders and startup leaders need to grow their teams, their companies and themselves. Hosted by Brett Berson, a partner at First Round, In Depth will cover a lot of ground and a wide range of topics, from hiring executives and becoming a better manager, to the importance of storytelling inside of your organization. But every interview will hit the level of tactical depth where the very best advice is found. We hope you’ll join us. Subscribe to “In Depth” now and learn more at firstround.com
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