In Depth

First Round
In Depth
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172 episodios

  • In Depth

    The product wisdom every CPO should ignore | Jeremy Epling (CPO, Vanta)

    19/03/2026 | 1 h 9 min
    In the latest episode of Executive Function, Brett is joined by Jeremy Epling, CPO of security and compliance platform Vanta. Jeremy details his career journey, unpacking what it took to make the jump from tenured Microsoft executive to startup CPO. He also shares hard-won insights: how to maintain shipping velocity as headcount explodes, how to manage performance without the safety net of big-company process, and what it means to run a product org where the buck truly stops with you.

    In today's episode, we discuss:

    The mindset shift that made Jeremy's transition to startup CPO work

    Why it’s essential for the CPO to stay connected to details

    The rule to ensure teams ship fast while growing quickly

    Why rigid hierarchies derail quality decision-making

    How Jeremy uses open office hours for the entire company

    References:

    Christina Cacioppo: https://www.linkedin.com/in/ccacioppo/

    Dropbox: https://www.dropbox.com

    GitHub: https://www.github.com

    Ironclad: https://www.ironcladapp.com

    Jensen Huang: https://www.linkedin.com/in/jenhsunhuang/

    Lovable: https://lovable.dev

    Microsoft: https://www.microsoft.com

    Nat Friedman: https://www.linkedin.com/in/natfriedman/

    NVIDIA: https://www.nvidia.com

    Span: https://www.span.app/

    v0: https://v0.dev

    Vanta: https://www.vanta.com

    Where to find Jeremy:

    LinkedIn: https://www.linkedin.com/in/jeremy-epling-j40/

    Twitter/X: https://x.com/jeremy_epling

    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

    00:09 Why most big-tech executives fail at startups

    05:38 Great product leaders stay in the details

    09:21 The biggest mindset shift from VP to CPO

    16:24 Revenue and product teams are always at odds

    18:00 The key to a quality CPO and CRO relationship

    23:21 Stop making your team fetch rocks

    25:54 Who ultimately oversees the quality bar?

    32:27 Why rigid hierarchies kill great companies

    36:38 How to leave actionable, detailed feedback

    38:55 Great CPOs should avoid comfort metrics

    47:27 A glimpse into Jeremy’s working week

    49:07 The case for weekly 1:1s

    55:13 Why ICs are the unsung heroes of a company

    58:25 Jeremy’s most formative career moments

    1:07:55 The hardest skills Jeremy had to learn

    1:09:31 Why great managers know when to push
  • In Depth

    Building Zipline: From launch disaster to drone-delivery giant | Keller Cliffton (Co-founder, CEO)

    12/03/2026 | 1 h 10 min
    Keller Cliffton is the co-founder and CEO of Zipline, the world's largest commercial autonomous delivery system, which today serves 5,000 hospitals across multiple countries and saves an estimated 17,000 lives per year. In this episode, Keller breaks down his extreme hiring philosophy that has powered Zipline for over a decade. He also walks through Zipline’s full origin story: from a near-dead home robot startup to a scrappy bet on drone blood delivery in Rwanda, to 135 million autonomous miles flown.

    In today's episode, we discuss:

    Why Zipline hires teenagers over PhDs

    Why the best startup employees are "heat-seeking missiles for pain"

    The 5 leadership attributes Zipline has never shared publicly

    The brutal firing advice that shaped Keller’s leadership

    How Rwanda’s health minister changed Zipline’s trajectory

    References:

    Airbnb: https://www.airbnb.com

    Alfred Lin: https://www.linkedin.com/in/linalfred/

    Amazon: https://www.amazon.com

    Apple: https://www.apple.com

    Brian Chesky: https://www.linkedin.com/in/brianchesky/

    Cleveland Clinic: https://my.clevelandclinic.org

    Netflix: https://www.netflix.com

    Paul Kagame: https://www.linkedin.com/in/paulkagame/

    Reflect Orbital: https://www.reflectorbital.com

    Sequoia Capital: https://www.sequoiacapital.com

    SpaceX: https://www.spacex.com

    Sphero: https://www.sphero.com

    Tesla: https://www.tesla.com

    University of Washington: https://www.washington.edu

    Walmart: https://www.walmart.com

    Zipline: https://www.zipline.com

    Where to find Keller:

    LinkedIn: https://www.linkedin.com/in/kellerrc/

    Twitter/X: https://x.com/Keller

    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

    02:11 Why Zipline doesn't hire for experience

    06:04 Are founders born or made?

    07:37 Why Zipline hires 17-year-olds over PhDs

    17:03 The employees Zipline doesn't want

    18:53 The ultimate startup hire is a "heat-seeking missile"

    20:36 Why blind references are a non-negotiable

    23:07 Can candidates admit when they screwed up?

    30:10 Zipline's secret leadership playbook

    35:16 Why you should always fire quickly

    36:26 The early vision for Zipline

    39:48 How Zipline almost died - twice

    44:55 From toy robots to drone delivery: Zipline's pivot

    51:35 How Rwanda's health minister changed everything

    57:10 Why Zipline's launch was a "complete disaster"

    1:04:05 Scaling from 1 hospital to 5000

    1:05:17 The 10x hardware cost rule every founder should know
  • In Depth

    Snowflake’s first sales hire on scaling from $0 to $3.5B | Chris Degnan (Former CRO, Snowflake)

    26/02/2026 | 59 min
    Chris Degnan was the first sales hire at Snowflake and spent 11 years scaling the company from zero to $3.5 billion in revenue as its CRO, working alongside four different CEOs and learning from each one. In this episode, Chris breaks down what it actually takes to scale an enterprise sales organization, why MEDDIC is the methodology every founder should know, and what working under Frank Slootman taught him about firing fast, taking feedback and finding the fakers in your team.

    In today's episode, we discuss:

    What the CRO job looks like at $10M vs. $1B+

    Why sales leaders must know how to sell the product themselves

    The MEDDIC methodology and why it's a founder's best insurance policy

    How to find the fakers, manage-uppers and passengers in your org

    What Frank Slootman got right — and wrong — about scaling Snowflake

    Why most AI companies will face a go-to-market reckoning

    References:

    Amazon: https://www.amazon.com/

    Bob Muglia: https://www.linkedin.com/in/bob-muglia-714ba592/

    Carl Eschenbach: https://www.linkedin.com/in/carl-eschenbach-980543/

    Christian Kleinerman: https://www.linkedin.com/in/christian-kleinerman-a973102/

    Denise Persson: https://www.linkedin.com/in/denisepersson/

    Dell: https://www.dell.com/

    Frank Slootman: https://www.linkedin.com/in/frankslootman/

    John McMahon: https://www.linkedin.com/in/johnmcmahon1/

    Michael Scarpelli: https://www.linkedin.com/in/michael-scarpelli-1b289b9/

    Microsoft: https://www.microsoft.com/

    Oracle: https://www.oracle.com/

    Salesforce: https://www.salesforce.com/

    Snowflake: https://www.snowflake.com/

    Sridhar Ramaswamy: https://www.linkedin.com/in/sridhar-ramaswamy/

    Stanford Graduate School of Business: https://www.gsb.stanford.edu/

    Where to find Chris:

    LinkedIn: https://www.linkedin.com/in/chris-degnan/

    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 What is the job of a CRO?

    01:12 What excellence looks like at different revenue stages

    02:59 Sales leaders need to know how to sell the product

    04:52 The hardest skill leaders have to learn

    08:17 You need to stay open to feedback - at all levels

    14:01 Sales, segmentation, and international expansion

    16:17 Why MEDDIC is the foundation for every sales org

    20:32 The metrics that actually matter

    22:56 A week in the life of a CRO at scale

    28:32 Navigating compensation at a GTM organization

    31:45 What technical CEOs get wrong about GTM

    36:01 The role of hunger in great sales leaders

    40:35 What makes an exceptional IC sales rep

    46:41 Dysfunctional vs. high-performing executive teams

    48:01 Chris' most impactful decisions at Snowflake

    49:53 "When there's doubt, there's no doubt"

    54:49 Learning from world-class leaders
  • In Depth

    Why 90% of CROs will fall behind in the next 2 years | Stevie Case (CRO, Vanta)

    19/02/2026 | 1 h 11 min
    Stevie Case is the CRO of Vanta, the trust management platform serving everyone from founders to Fortune 100 CISOs. A former pro-video gamer who stumbled into sales through a mentor's bet, Stevie has built one of the most unconventional paths to the C-suite in tech. In this episode, she unpacks why early revenue hires fail, what separates a true CRO from a VP of Sales, and why she believes fewer than 10% of current CROs will thrive by 2028.

    In today's episode, we discuss:

    Why early revenue hires fail

    What a top 1% CRO actually does

    The scaling mistake Stevie made by copying Twilio's playbook at Vanta

    Why Vanta remains 100% sales-led at every segment

    AI vs. humans in go-to-market

    References:

    Cursor: https://cursor.sh/

    Gong: https://www.gong.io/

    Salesforce: https://www.salesforce.com/

    Twilio: https://www.twilio.com/

    Vanta: https://www.vanta.com/

    Where to find Stevie:

    LinkedIn: https://www.linkedin.com/in/steviecase/

    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 Why early revenue hires fail

    02:23 Who to hire at $5M in revenue

    04:16 Coin-operated sellers vs. long-term builders

    05:57 What excellence looks like in the CRO role

    07:44 Metrics, confidence, and velocity

    12:04 Should CROs lead sales?

    14:39 From shy seller to revenue leader

    16:36 Learning to scale at Twilio

    17:44 "There is no CRO playbook"

    19:58 Stevie's scaling mistake at Vanta

    22:16 Why Vanta stays 100% sales-led

    23:16 The value of planning 24-26 months ahead

    29:54 When trusting intuition was the wrong call

    30:49 Do humans still have a place in the future of GTM?

    33:33 Stevie's leadership non-negotiables

    36:36 The myth of hiring for industry expertise

    40:00 What stays centralized in a 600-person company

    47:09 The hidden leverage of a customer's first 30 days

    53:42 Why the CRO role will face enormous changes by 2028

    58:42 What leaders must do now to stay relevant

    01:02:30 Unpacking the CEO-CRO dynamic
  • In Depth

    Figma is not the source of truth | Ryan Lucas (VP of Design, Rippling)

    12/02/2026 | 1 h 6 min
    In the second Executive Function episode, Brett sits down with Ryan Lucas, VP of Design at Rippling. Before Rippling, Ryan led design at Retool and co-founded multiple startups, bringing a rare founder's perspective to design leadership. A trained industrial designer, Ryan traces the roots of modern software design back 2,000 years to make the case that products must be useful, usable, and desirable - and above all, used.

    In today's episode, we discuss:

    Why design leaders who stop designing stop leading

    The four pillars every design manager must master

    How to delegate when you're a perfectionist

    Why leaders need strong opinions

    How to scale good judgment

    What Rippling's operating system teaches about speed and commitments

    References:

    Airbnb: https://www.airbnb.com/

    Amazon: https://www.amazon.com/

    Apple: https://www.apple.com/

    Asana: https://www.asana.com/

    Brian Chesky: https://www.linkedin.com/in/brianchesky/

    CrossFit: https://www.crossfit.com/

    Figma: https://www.figma.com/

    Honeywell: https://www.honeywell.com/

    Liz Sanders: https://www.linkedin.com/in/sandersliz/

    Nest: https://store.google.com/category/google_nest

    Notion: https://www.notion.so/

    Parker Conrad: https://www.linkedin.com/in/parkerconrad/

    Patrick Collison: https://www.linkedin.com/in/patrickcollison/

    Retool: https://retool.com/

    Rippling: https://www.rippling.com/

    Stripe: https://www.stripe.com/

    Where to find Ryan:

    LinkedIn: https://www.linkedin.com/in/ryanwlucas/

    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 Intro

    00:08 What design actually does at a software company

    01:40 The roots of design: from industrial design to software

    03:29 Useful, usable, desirable — and used

    04:49 How design relates to engineering, product, and marketing

    08:15 Measuring success as a design leader

    12:40 The gap between director and VP-level design leadership

    14:23 Why great design leaders jump up and down in altitude

    19:26 The four pillars every design manager must master

    21:34 Over-indexing on quality and the perfectionist trap

    25:11 When lowering the quality bar actually cost the business

    27:53 How to build judgment through pattern matching

    31:25 How Ryan's design team differs from the rest

    34:31 Why Figma is not the source of truth

    36:32 How Ryan spends his week: recruiting, crits, and staff meetings

    38:39 The "Do/Try/Consider" framework

    42:12 The most important decisions of the past year

    44:05 Should one-on-ones exist?

    46:45 How to scale judgment

    50:49 What to look for when hiring your first design leader

    54:54 Advice for young designers who want to lead

    58:24 Demanding yet supportive: A balanced management style

    01:02:43 What Rippling's operating system teaches about execution

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Acerca de 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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