Here’s a novel idea for flexing your consumerist impulses on Cyber Monday: organize your shopping by a company’s cap table. For Cyber Monday, First Round Capital, which specializes in ecommerce, has set a site that shows off exclusive deals from portfolio companies like Birchbox, Chloe & Isabel, Refinery 29, Hotel Tonight, UrbanSitter, TaskRabbit, DogVacay, One Kings Lane, and more.
Honestly, we’re surprised New York techies haven’t already set up a buy local site that encourages only shopping at startups for Christmas.
“The real power of [the site],” First Round partner Phineas Barnes told Betabeat, “Is the ability to reach out to the tech community for people who care about the First Round brand.” Many of Birchbox’s subscribers “are probably not in the tech community, but plenty of people in the tech community would enjoy Birchbox or giving it as a gift,” he added by phone during a car trip back into the city.
In a blog post introducing the holiday site, First Round managing director Josh Kopelman noted portfolio companies’ experimentation with the ecommerce business model like subscription (Birchbox), curation (Fab), and vertical integration (Warby Parker). “These companies,” he wrote, “have now go on to to raise over $350,000,000 in follow-on capital and will be shipping hundreds of thousands of products this holiday season to customers all over the world.”
Mr. Kopelman was also careful to note the gifting site “isn’t meant to replace our annual holiday video.” Considering First Round went the Rebecca Black route last year, does that mean we can expect a “Gangnam Style” parody for 2012? “Maaaaaybe,” said Mr. Barnes.