Among the handful of venture-capital firms based in Philadelphia's leafy suburbs, First Round Capital stands out for its national reach and its rapid pace - more than a deal a week.
Now it's moving downtown.
Josh Kopelman, a 1993 graduate of Penn's Wharton School, started venture-backed Infonautics (he took it public in the dot.com boom), auctioneer Half.com (now part of eBay), and security firm TurnTide (sold to Symantec) before setting up First Round with Penn computer-scientist-turned-investor Howard Morgan in 2004. It's now the third-busiest venture-capital firm in the United States.
First Round invested in 71 technology companies last year, trailing only Silicon Valley-based rivals New Enterprise Associates and Kleiner, Perkins, Caulfield & Byers, though First Round's deals tend to be smaller.
To read the full, original article click on this link: PhillyDeals: Moving its venture capital into the city
