185 episodes
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 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 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 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 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
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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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