Kent Goldman leaving First Round Capital

Feb 04, 2014

Dan Primack was a senior editor at Fortune from 2010 to 2016. He was also the author of Term Sheet, Fortune's daily newsletter about deals and dealmakers.

FORTUNE -- Kent Goldman is stepping down as a partner with First Round Capital, in order to launch his own seed-stage fund.

He joined First Round as a San Francisco-based principal in 2008, just before the firm raised its first institutional fund. Goldman then was promoted to partner in 2012, at the same time that First Round raised its fourth fund.

His deals have included Airware, Cabana (acquired by Twitter), Hotel Tonight, HotPotato (acquired by Facebook), Liftopia, MemSQL, MessageMe, Path, Storenvy and Threadflip.

Goldman declined to comment, but word is that he’ll be targeting $25 million for the new fund. I’m also hearing that he plans to call the new firm “Upside Partnership,” although that may still change. No bad blood with First Round, just the desire to do something more entrepreneurial and a bit earlier stage.

This also does not seem to be specifically timed to First Round’s next fundraise, which is expected to occur in the second half of 2014.

Sign up for Dan Primack's daily email newsletter on deals and deal-makers: GetTermSheet.com

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions