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First Round Capital Opens NYC Office – Charlie O’Donnell Takes EIR Spot
Venture Capital firm First Round Capital (FRC) has announced the opening of a new NYC office today. The NYC office is First Round Capital’s third office – their other locations are near Philadelphia and in San Francisco. The NYC office will be headed by parner Howard Morgan. Morgan spoke at the Entrepreneurs Roundtable event earlier this year where he provided insight into his thoughts on venture capital and some thoughts on what FRC looks for in the startups they invest in.
Additionally, nextNY founder Charlie O’Donnell will join the FRC team as an Entrepreneur-in-Residence (EIR). O’Donnell is a popular figure in the New York startup scene and he is also the founder of career startup Path 101. Check out all of our Path 101 coverage.
O’Donnell notes in his announcement post that Path 101 isn’t going away but two of the three founders will continue the project with a nights and weekend development cycle. Co-founder Alex Lines has taken a position with NY-based Betaworks.
Welcome to NYC Howard! It feels strange saying that since First Round Capital is already so active in the city (just look around at all the local companies that owe their existence to FRC). But Kudos to you and the rest of the team for the major commitment you’ve obviously just made to New York.