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When people ask me to name the most important venture capital firm in Boston, my answer is always the same: Accomplice. Now, however, it seems that the firm has grander geographic aspirations.

Here's what's happening, per a source familiar with the situation (and confirmed by Accomplice partner Jeff Fagnan):

  • Accomplice is expanding west, with plans to hire a partner and between one and two junior investment professionals in San Francisco. In the interim, Boston-based Fagnan plans to spend around half of his time in San Francisco. Also working out of San Francisco is Dustin Dolginow, who also helps manage the Maiden Lane seed funds (an affiliate of both Accomplice and AngelList).
  • The firm plans to begin raising its next fund in Q4. That vehicle is expected to feature an even split of Massachusetts and California-based tech startups.
  • Chris Lynch, who joined as a partner in 2012 after selling his company (Vertica) to HP for $350 million, will not be a partner on that next fund. He also is no longer making new investments, although he's continuing to serve on existing portfolio company boards.

Currently, this leaves Accomplice with five investment professionals who can write checks.

Why this matters: Accomplice is hardly the biggest or most successful VC firm in Boston, but it has been laser-focused on fostering a local tech ecosystem that badly needed a catalyst. It also has been a major player in terms of local philanthropy, via its creation of TUGG. The westward expansion might concern some locals who have seen this geo-creep before (e.g., Greylock, CRV), although Fagnan's past history with dispersed Atlas Venture (which once had offices all over the world) should keep ambitions relatively grounded.

Go deeper

8 mins ago - World

HRW: Over 100 former Afghan security members dead or missing under Taliban rule

Members of the Taliban movement patrol Kabul's airport in September. Photo: Valery Sharifulin/TASS via Getty Images

The Taliban have "killed or forcibly disappeared" over 100 former members of Afghanistan's security forces since the group took power in August, a report by Human Rights Watch published Tuesday found.

Why it matters: It means former military members and officials with the ousted government, activists and other Taliban critics are facing peril amid executions driven by revenge — despite Taliban promises of an "amnesty" with no retributions, notes the New York Times, which first reported on the news.

1 hour ago - World

Barbados becomes a republic, replacing U.K. queen with president

Combination images of Dame Sandra Mason, president of Barbados, and Britain's Prince Charles at her swearing-in ceremony in Bridgetown, Barbados, late Monday.

Barbados officially became a republic at midnight local time after Dame Sandra Mason was sworn in as the Caribbean nation's first president in a ceremony attended by the United Kingdom's Prince Charles.

Why it matters: Mason replaced Britain's Queen Elizabeth as head of state Tuesday — removing the country's final remaining colonial tie to the U.K. almost 400 years after the first British ships arrived in Barbados.

Right-wingers making McCarthy sweat for future Speaker post

House Minority Leader Kevin McCarthy stands with his Republican colleagues outside the House on Nov. 17. Photo: Stefani Reynolds/Bloomberg via Getty Images

Right-wing elements in the Republican Party are complicating House Minority Leader Kevin McCarthy's attempts to become the next speaker of the House should the GOP take back the majority in 2022.

Why it matters: While McCarthy has worked carefully to build trust among the conservatives who tanked his chances at clinching the speakership in 2015, they're still circling ahead of the next Speaker vote in January 2023.

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