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Bill Trenchard

Partner
Investor Bay Area
| LinkedIn Twitter Website VCSheet
Background
  • Partner at First Round Capital since 2012 — leads the firm's data, devtools, and infrastructure practice
  • CEO of LiveOps — scaled the cloud contact center company to $100M in revenue and hundreds of employees
  • Co-Founded Jump Networks — web calendar and personal organizer, acquired by Microsoft
  • Partner at Founder Collective — angel investments included Uber, IronPort (acquired by Cisco), AdRoll, PowerSet (acquired by Microsoft), Lending Club, Tapulous (acquired by Disney), Slide (acquired by Google), and Chegg
  • Started two businesses as an undergraduate
  • Deep operational experience building and scaling software companies
Investment Focus
  • AI infrastructure and applications
  • Developer tools and data infrastructure
  • SaaS and enterprise software
  • FinTech
  • Hardware and climate moonshots
  • Platforms for distributed labor management
  • Pre-Seed and Seed stage exclusively
Notable Investments

Looker (acquired by Google), Together AI (AI infrastructure), Labelbox (data labeling for ML), Verkada (security cameras + software), Flexport (logistics), EvolutionIQ (acquired by CCC Intelligent Solutions), Superhuman (email client), Airbase (spend management), Nova Credit (cross-border credit), Legion (workforce management), and Kubecost (Kubernetes cost monitoring).

AI Agent Relevance
  • Top-tier fit for AI infrastructure at seed — Bill explicitly leads First Round's data and devtools practice
  • His investment in Together AI demonstrates direct pattern recognition for AI infrastructure companies
  • Labelbox investment shows comfort with the AI/ML tooling stack
  • First Round's brand is a powerful signal to follow-on investors — one of the most respected seed-stage firms
  • Operational background (LiveOps to $100M revenue) means he understands the journey from zero to scale
  • First Round's platform (CEO Summit, 1,000+ founder community, First Round Review) provides exceptional post-investment support
  • Can invest in small rounds ($750K+) which provides flexibility for early-stage raises
  • Collective deal evaluation process means the whole partnership needs to be excited, but Bill is the right entry point for AI/infra deals
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