Venture capitalists are eager to see passage of the JOBS Act, but regulators are concerned that the bill will end up hurting investors. Where do you stand?

In this week’s Social Scene, Steve Jurvetson shows his wild side, George Zachary finds himself agreeing with Bernie Madoff, Paul Allen gets his 60 minutes, Gary Rieschel and Josh Kopelman share a birthday, and more. OUT & ABOUT On the edge… Steve Jurvetson may seem nerdy — he earned his EE from Stanford in 2.5 [...]

Well, it’s actually a holiday video from Josh Kopelman and the gang over at First Round Capital. Clearly a lot of time and effort went into it — even if it fell short on production values. If the VC thing doesn’t work out for Kopelman, he might just have a future as a TV pitchman. One of the most amazing things about the video is the number of startups represented. Makes sense, given that First Round does seed investments, but it’s quite impressive to see all of those founding teams in one place.

To see the video, click here.

(UPDATE: Just heard back from Josh Kopelman, who says, “Unfortunately we’re not commenting on the new fund.” That probably means the firm hasn’t held a final close. We’ll keep you posted.) First Round Capital, which has already recorded more than six a dozen exits from its 2-year-old debut fund, has raised a sophomore fund totaling [...]

Seemingly overnight, early-stage investor Josh Kopelman has become something of a business celebrity. The attention stems partly from the fact that his venture firm, First Round Capital, continues to actively back young companies despite the recession. Partly, it owes to the several successful exits First Round has already enjoyed since opening just five years ago.

Perhaps given Kopelman’s background as an entrepreneur — he cofounded Infonautics Corp. (IPO in 1996), Half.com (bought by eBay for $312 million in stock in 2000) and TurnTide (sold for $28 million to Symantec six months after its founding) — it’s no surprise that entrepreneurs uniformly speak highly of him, too.

I caught up with Kopelman yesterday, as he commuted from New York to Philadelphia, near First Round’s West Conshohocken headquarters. Among other things, we talked about how the market looks, six months into 2009; why he helped buy back StumbleUpon from eBay; and whether or not it makes sense for entrepreneurs with no VC experience — many of whom are now starting microcap venture vehicles like First Round’s earliest funds — to break into the business.