First Round Capital Closes Another $135M Fund, Bumps Up Phineas Barnes, Kent Goldman To Partner Level

Two big pieces of news today for First Round Capital -- a sign of more growth, and more opportunities, at the early-stage VC firm: the company has closed on another fund, and it has created two new partners, Phineas Barnes and Kent Goldman. Previously both had been principals with FRC, which they each joined in 2008. The move signifies the focus that VCs are keeping on early-stage investment and the efforts they are making to find the best entrepreneurs and startups to fill out their portfolios by putting strong talent into their teams. Barnes and Goldman will join existing partners Chris Fralic, Rob Hayes, Josh Kopelman and Howard Morgan.

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