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Phin Barnes, a general partner at First Round Capital, is leaving the firm. There's no word yet on his next professional move, though he will remain a board partner at First Round.

Why it matters: Barnes is the latest partner at the firm, known for seeding companies like Uber and Square, to step back. Rob Hayes and Chris Fralic made similar moves in 2018. Barnes joined the firm in 2008 as a summer apprentice. 

Phin Barnes to step back from First Round Capital

Barnes is the latest partner to exit the Silicon Valley investment firm.

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Phin Barnes, a general partner at First Round Capital, is <a class="gtmContentClick" data-vars-link-text="leaving the firm" data-vars-click-url="https://medium.com/@firstround/commencement-e1a402f5c622" data-vars-content-id="e3720339-1995-4448-a84b-fca2bc69903b" data-vars-headline="Phin Barnes to step back from First Round Capital" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://medium.com/@firstround/commencement-e1a402f5c622" target="_blank">leaving the firm</a>. There&#x27;s no word yet on his next professional move, though he will remain a board partner at First Round.Why it matters: Barnes is the latest partner at the firm, known for seeding companies like Uber and Square, to step back. Rob Hayes and Chris Fralic made similar moves in 2018. Barnes joined the firm in 2008 as a summer apprentice.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Phin Barnes to step back from First Round Capital

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