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Archive for August, 2010

Forget Snooki, Old City is overrun with techies

Philadelphia Magazine’s September cover story by Richard Rys documents an Old City in transition—and not a pretty one. A neighborhood once thriving with artists, entertainment and prominent restaurateurs turns into a bad episode of Jersey Shore on weekends, the writer contends.

But that’s not the Old City we know. By day, the historic neighborhood has become something of a Web development and technology startup haven. Earlier this year, as city technology leaders prepared Philadelphia’s bid for Google’s ultra high-speed broadband Internet pilot, it was Old City that was chosen as one of the city’s potential technology hubs, for the diverse technologists that live and work there.

Here’s our look at what still sparkles in Old City…

Read the rest at Philly Post.

VC Roundup: Mid-Atlantic Angel Group raises nearly $5 million

Welcome to the VC Roundup, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line.

DEFINITE READS

Mid-Atlantic Angel Group has raised $4.8 million for its second fund. The sneaky angel fund based in the Navy Yard said that it doesn’t have as many investors, but each individual investor has thrown in more cash this time. MAG primarily only invests alongside other companies and rarely leads a round.

The Inky’s Joe Destefano tells us what regular readers of the VC roundup probably already know: That First Round Capital averages a deal a week, ranking third-most among all VC firms. We’d give you more numbers, but we don’t want to steal Joe D’s thunder. Read his piece which includes other active Philly firms.


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PHILO makes TV more social, Penn grads drawn to other cities

The three founders of an application aiming to interject social media into TV watching got an education in Philadelphia but their addresses — and the buzz surrounding their startup — are in the familiar bi-coastal entertainment hubs.

As the web has buzzed for some time now, PHILO is a web and iPhone application that has its users ‘tune in’ to the TV programs they are watching in the same way Foursquare users ‘check in’ to physical locations, then pushing a conversation discussing shows in a “newsfeed-like conversation” as Mashable put it.

Like others before them, the three founders put time in at the University of Pennsylvania’s Wharton School in the 1990s but don’t call the region home. CEO David Levy, who also heads the Wharton Angel Network, and CTO Carter Page are in New York City, and Greg Goldman calls Los Angeles home.


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Azavea’s Cicero API goes international, GIS firm launches new website

Beyond dots on a map.

That’s the new tagline of GIS software firm Azavea, which has undergone a branding overhaul since it changed its name in March following a disputed legal claim.

As part of that move, last month, the shop based in the Callowhill neighborhood unveiled a new look to its website, completing the shift from a decade-old Avencia name to its new Azavea brand. Read about their CMS here.

The new look coincides with news that Azavea continues to expand the map they go beyond.


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Event Highlights: August 30 – September 5, 2010

We’re torn, Philadelphia.

On one hand, we dread Labor Day as we are enjoying this summer way too much to see it end. On the other, the unofficial start of Fall usually means more events and this post becomes much easier to write.

This week is all meetups so take this week easy guys, you’re gonna need it come October. After the jump, Mac users don’t leave their home, Hive opens up and Linux users gather.


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Friday Q&A: Dan McKinney of NextStage Capital

Forget the latest investment trends, NextStage Capital will do what it wants, thank you very much.

The firm was founded by Rob Adams and Dan McKinney -two ex-Safeguard Scientifics employees – and Terry Williams, a former recruiter during the post-dotcom boom year of 2003. Then, most investors were running away from early stage technology investment.

“There can be opportunity when people are fleeing markets,” says McKinney,  a managing partner.

It  firm has invested in 12 companies with four exits, mostly in the mid-atlantic region going as far west as to Pittsburgh. However, since its founding the firm has taken pride in being the contrarian, and has not made any new investments in 2010, choosing instead to reinvest its dollars in current portfolio companies.

After the jump, McKinney promises us that we will be hearing a lot from NextStage in the coming months and gives his take on the age-old debate about whether Philly needs more investment dollars.


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Thanks to our weekly sponsors

Technically Philly is made possible by advertisers and sponsors that are important to Philadelphia’s technology community. This week we’d like to thank:

Eight Eleven – The folks at Camden-based Eight Eleven do it all. Branding, communications, marketing, advertising, Websites, Web content management, user-experience (Web & software) and public relations. And they also do it for a lot of tech companies, of all sizes, to boot. Heck, they even customized a media kit just for you. Hit ‘em up.

NextFab Studio — NextFab is a membership-based, high-tech workshop and prototyping center. Our facility provides comfortable, clean, and safe workspaces with hand tools, 3D printers, computer controlled machine tools, software, and electronics workbenches. Expert instructors and a community of collaborators are on hand to help you problem-solve and achieve your vision. NextFab Studio has everything necessary for you to invent, repair, create, and innovate!

Springboard Media – Springboard Media is a certified Apple Specialist and retailer based in Center City and now, in Exton. They’ve got a ton of accessories and a great trade-in program that can score you up to $1,500 when you’re ready to upgrade.

Volpe and Koenig, P.C. — Since 1987, intellectual property boutique law firm Volpe and Koenig has provided guidance on matters relating to patents, trademarks, copyrights, trade secrets, e-commerce, technology joint ventures, non-disclosure agreements, technology acquisitions, licensing and litigation. Whatever your intellectual property law issue… Volpe and Koenig bring law to your ideas.

Greater Philadelphia Chamber of Commerce – The Greater Philadelphia Chamber of Commerce is dedicated to promoting growth and economic development, advocating for sound public policy, and serving its members with outstanding programs and benefits. GPCC is the premier advocate of the region’s business community, representing members in 11 counties across three states with one voice.

Caffeine Fish – Caffeine Fish develops the Trainboard iPhone app and offers iPhone development consulting in the Philadelphia area.

Towerstream – Towerstream is the leading 4G service provider in the U.S. and is setting up shop in Philadelphia. Contact Towerstream to find out how, in less than a week, you can have first-class 4G service for your business.

Interested in joining these organizations and individuals in supporting Technically Philly? Check out our ad packages and contact our Ad Sales Manager. Can’t find something that fits? We’ll customize a package for you.

Links: Ben Franklin butter statue makes new biofuel, Navy Yard energy project and more

DEFINITE READS

Below, find what Philly developer was listed as 15 nationally to follow on Twitter, robots at Pennsylvania Hospital and more.


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Comcast Roundup: Al Franken still hates NBC deal, ’30 Rock’ will stay on and More

Every Thursday morning at 8:30 a.m. EST, find all the stories you need to know about your friendly telecommunications giant in the Comcast Roundup. Get an e-mail subscription for our Comcast news updates.

DEFINITE READS

Below, is Hulu headed toward an IPO, a Philly product rollout and more.


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Local e-commerce firm WebLinc doubles sales for retail lighting site

In the world of residential lighting sales, online retail is a small piece of a much bigger pot. But thanks to some Philadelphia technology, a major retail lighting outlet is focusing more effort online and seeing impressive returns.

Old City-based WebLinc, which is housed above National Mechanics — the bar that the web developers also own — recently helped Southeast U.S. lighting company Progressive Lighting launch an e-commerce platform to show off its extensive selection of lighting.

Since the launch of LightsOnline.com in April WebLinc’s e-commerce technology has increased conversion by 91 percent, doubling online sales, Progressive Lighting director of e-commerce Jon Eggleton says.


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