When Kent Goldman left First Round Capital earlier this year, he did so with plans to start his own investment firm. Now he’s ready to talk about the firm, which is called Upside Partnership and just closed on $30 million to invest in seed-stage startups.
Goldman started as a principal at First Round in 2008 before moving up to partner in 2012. There he made about 17 investments over that time. Notable companies included HotelTonight, Airware, MemSQL, Path, Liftopia, Threadflip, Cabana (acquired by Twitter), and HotPotato (acquired by Facebook), among others. Before that, he held corp dev and strategy roles at Yahoo.
With that background he felt the time was right to strike out on his own with Upside, which he calls a “pure seed-stage fund.” Its focus will be on making bets on startups at the earliest stages. That, of course, plays to Goldman’s strengths.
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