Labriola has some really good data on QBs selected after the first round. In short, there are a few successes, but the odds are remarkably low, even when investing a 2nd or 3rd round pick.
http://www.steelers.com/news/labriola-on/article-1/Labriola-on-drafting-the-next-franchise-QB/c2593127-de49-4f0f-9abc-41dc8e1426c7
http://www.steelers.com/news/labriola-on/article-1/Labriola-on-drafting-the-next-franchise-QB/c2593127-de49-4f0f-9abc-41dc8e1426c7
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