I had the same issue on my '73 850...was ready to tear into the gearbox, but thought to check the clutch adjustment first. Turns out the clutch rod lever, where the clutch cable attaches, was in the wrong position. Did a proper adjustment, as per the shop manual, except did the rod's screw turnback a 1/2 turn as Hemmings suggestion, rather than the full turn back as per the manual. Also, switched to Redline Heavy ShockProof gear oil for smoother shifting. Solved the first gear slipping out, and problem never returned.