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Phin Barnes to step back from First Round Capital

Illustration: Aïda Amer/Axios

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.

Go deeper

Sara Fischer, author of Media Trends
1 hour ago - Politics & Policy

Journalism enters dangerous new era

Illustration: Brendan Lynch/Axios

The Capitol attack on Jan. 6 resulted in at least nine physical assaults against journalists and at least five arrests, per the U.S. Press Freedom Tracker's top editor.

Why it matters: President Trump's harsh rhetoric towards the press has empowered leaders abroad and locally in the U.S. to continue to attack press that they don't like.

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Ben Geman, author of Generate
3 hours ago - Politics & Policy

The beginning of the beginning for Biden's climate push

Illustration: Annelise Capossela/Axios

Joe Biden's inauguration and the days right after will bring a rat-tat-tat burst of climate policy moves, but keep this in mind amid the splashy pledges: pushing through most of his agenda will be a long, uncertain slog.

Why it matters: Biden's climate plan is far more expansive than anything contemplated under President Obama. But for all the immediate pledges, it will take years to see how far Biden gets.

Go deeper (1 min. read)Arrow
Dion Rabouin, author of Markets
4 hours ago - Economy & Business

Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.

Go deeper (2 min. read)Arrow