socialmedian: First Round Capital to open NYC office

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Source: Redeye VC

Oct 01, 2009

Summary

I believe that as the world has gotten “flatter” over the last decade, it’s created a big opportunity for venture investors who recognized that great entrepreneurs can come up with great ideas in almost any location. Indeed, over the last several years, First Round Capital has invested nationally and has funded companies in over a dozen states.

However, I do believe that certain ecosystems provide real leverage when it comes to the hard work of turning those ideas into reality. Take acting for example. Despite the fact that Philadelphia has some great theaters (like the Kimmel Center, the Walnut Street Theatre, the Arden Theatre, the Prince Theater, the Forrest Theatre, etc), I’m pretty sure that almost every young Philly-based actor recognizes the unique opportunities to really hone their craft on Broadway or in Hollywood -- and those who have big career aspirations typically move to NYC or LA.

The right ecosystem can take good raw materials and set it lose on a new trajectory. That’s why Stumbleupon moved from Calgary to San Francisco, why Jimmy

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