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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.