Angel Track | First Round

Angel invest like the best

Get unparalleled access to First Round’s investing expertise and a community of exceptional angels for the best early-stage deal flow in tech.

SPRING '26 APPLICATIONS OPEN NOW

Cohort dates to be announced shortly

In good company

Stop dabbling and join over 400 top founders, builders and creators who sharpened their investing skills with Angel Track.

Cristina Cordova · COO at Linear

Romain Huet · Developer Experience at OpenAI

Julia Schottenstein · COO at LangChain

Claire Vo · Founder of ChatPRD

Stevie Case · CRO at Vanta

Dan Shipper · Co-Founder & CEO at Every

Dane Knecht · CTO at Cloudflare

Tara Seshan · Product Staff at OpenAI

Learn the craft

Everything you always wanted to know about angel investing but were

afraid to ask.

Our Approach

How we make promising angel investors even better

01

Discover the secrets behind how we’ve learned to source, evaluate, and serve our companies, using real data and stories from First Round’s 20 years in the business.

02

Learn tactical frameworks that dive into the nuts and bolts of angel investing, from positioning yourself to structuring working sessions with founders.

03

No long lectures—participate in interactive sessions, small group discussions, and case studies based on real investments.

What we’ll cover

Learn from First Round partners

Don't just take our word for it

From startup leaders to full-time investors,

Angel Track alumni go on to even greater heights.

“By far the most meaningful level up experience for me when it comes to investing at the earliest stages. Angel Track took me from having several investments under my belt to raising and co-running my own fund."

Charley Ma · Head of Growth at Alloy

“I’ve seen impressive — and measurable — results in my dealflow and investment strategy since joining Angel Track. I’ve gotten at least 3x more inbound and now half of the founders I meet are more prepared for the conversation.”

Sean Rose · Product at Meter

"By the time I joined Angel Track, I had already made dozens of investments and had my share of successes and humbling write-offs. As a result of the program, I completely changed the framework I use to evaluate markets."

Max Mullen · Co-Founder at Instacart

"The investing lessons you learn through Angel Track are so valuable, but the community and network you build is worth 100x more. I couldn't recommend it more highly. Total game changer."

Lenny Rachitsky · Author at Lenny's Newsletter

"Angel Track helped me think about angel investing in a much more structured manner and helped me truly distill what I was looking for in early-stage teams. After Angel Track, I felt no apprehension and put myself out there."

Cristina Cordova · CCO at Linear

Better angels make a stronger early-stage ecosystem for all of us

We’ve seen the incredible impact that smart, focused angel investors can have on a company’s trajectory, but steep learning curves and long feedback loops make for slow progress. By sharing what we’ve learned over First Round’s 20 years of working with founders, we’re helping angels better source, evaluate, and serve early-stage companies. We turn to Angel Track alumni to fill out relevant rounds and they refer great founders to us, too. We love a good win-win.

All your Angel Track questions, answered

Who should apply?

Anyone looking to improve as an angel investor can apply. You might have started a company or been a senior operator at a fast growing startup. You should be excited about backing the next wave of entrepreneurs and have already started making angel investments.

Do I need to be an accredited investor?

No. While investing in startups requires that you be accredited, you don't need to be an accredited investor to take part in this program.

Do I need to have made angel investments already?

We're seeking the most promising founders and operators at both early and late-stage tech companies looking to back the next wave of entrepreneurs. Most people who join the cohort have made between 5-15 investments — but we primarily look for people who are at an inflection point in their investing journey and are eager to support founders with more than just a check. At this point, Angel Track is not designed for folks who are looking to make their first or second angel investment.

Can I apply regardless of my location?

We bring Angel Track cohort members together in an immersive, in-person retreat, so you'll need to be able to attend that. It’s designed to be a few focused and highly impactful days away from everything, where you can actually dig into the meaty material while building even deeper relationships with the stellar angels in your cohort who are equally committed to getting sharper. Dates and location for the Spring 2026 will be announced shortly.

Do I receive any investment capital as part of being in the program?

This program is focused entirely on education and community. We do not provide capital to participants.

Advice from the builders you want on your cap table: