We thought for sure First Round would go with “Gangnam Style,” Silicon Valley favorite. But apparently, the spray-and-pray strategy favored by investors also applies to parodying viral hits. Hence the cost of doing business with First Round also means aping Bieber protégés. Gotta say, that production quality doesn’t look very “run super lean eat the ramen,” as the founder getting his head bopped on by someone else’s crotch croons.
If you’re wondering why some people say, “the past five years or so of startup mania has been insufferable and obnoxious and annoying,” here is one example.
So, do you think they put participating as a clause in the term sheet?