<p>Social software startups providing products to businesses have been catching the eye of venture capitalists for some time.</p><p>Thirty-eight of 55 companies identified by Jeremiah Owyang, a partner at the research firm Altimeter Group, received funding, or 69% of a sample that includes big names such as Buddy Media, Bazaarvoice and Jive Software.</p><p>So which investor has had the most winners? Owyang discovered the answer is not a big Sand Hill Road firm, or even a California-based investor. The top finisher is Josh Kopelmanas seed-stage outfit, First Round Capital a" by a nose.</p><p>The firm, with its roots in Philadelphia, participated in two exits, including Bazaarvoice, which went public, and CoTweet, which was acquired by ExactTarget. It is hard to know its return since investment amounts havenat been made public. Besides, Bazaarvoice has not had the best record as a publicly traded company. It is down 38% from its IPO price.</p><p><a href="http://www.pehub.com/185709/first-round-has-the-most-exits-of-social-startups-by-a-nose/">Keep reading...</a></p>