VC Roundup: State’s VC market is “too small”

Welcome to the VC Round-up, 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.

Edit: Corrected source of Yodle funding.

DEFINITE READS

BFTP has announced its New Energy Plan, a contest awarding $35,000 to entrepreneurs looking to start a clean energy-oriented company. The contest deadline is April 15th, like your taxes.

First Round Capital has created an exchange fund for entrepreneurs. The fund allows portfolio companies to give up a piece of ownership in their own company for a tiny share of ownership in all First Round companies. Got that?

The Brookings Institution has released a report saying the state’s VC market is too small. “There are more things [the state] could do that wouldn’t impact the budget,” it says, citing BFTP as a step in the right direction.

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