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Tag Archives: DreamIt Ventures

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Every Friday morning, we make sure you didn’t miss anything with Friday Tech Links.

VC Roundup: GoodCompany goes to NYC, ETF changes name

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.

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GoodCompany Ventures is kicking off a handful of events up and down the east coast to discuss the social good of entrepreneurship and to raise awareness about the fund’s 2010 incubator. First up: The 67th Ward. The panel will be moderated by Fred Wilson, founder of Union Square Ventures and well-read VC blogger. The fund promises Technically Philly that a Philly event is in the works, but for now we’ll be at the NYC edition. So if you managed to snag tickets, be sure to say hello.

Tengion, a Quaker BioVentures backed company is raising money for an IPO.

ETF Ventures has changed its name to SeventySix Capital. Presumably because of the company’s West Conshohocken location right off of the Schuylkill Expressway. Or, as another theory suggests, they’re big basketball fans.


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Startup Roundup: Baltimore visits Philly, RailBandit updates NJ Transit offering, TrapCall supporting Sprint

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Introducing Technically Philly’s Startup Roundup. Here, we’ll parse out the small pieces that make our greater Startup ecosystem thrive. We want to keep you in touch with the innovations that we can’t quite get to covering, but that deserve highlight. If you’ve got news to share, get in touch.

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Baltimore coworking space BeeHive visited IndyHall last week, according to the Philly coworking site’s newsletter. And at IndyHall’s weekly Show & Tell lunch meetup, several startups showed off their goods, like MyClin which claims to “revolutionize clinical trials,” and Johnny Bilotta’s UI prototyping software for Photoshop and Illustrator.

We’ve received word from Ignite Philly 5 organizers about some of the speakers set for the March 2 event at Johnny Brenda’s. We’ve got limited details, and organizers anticipate changes in the schedule, but so far, Asheesh Laroia of OpenHatch will talk about food trucks and open source, Philly Startup LeadersBlake Jennelle will discuss startups and nonprofit survival, Mike Levinson of DreamIt will offer ideas “that make it (and don’t),” and Happier.com Founder Andrew J. Rosenthal will tell you, mysteriously enough, “how to get people to like you.” Thank god for that.

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Friday Q&A: Steve Barsh, CEO of Packlate.com

Update: Minor copy edits. Changed logo.

As reported in this week’s Venture Capital Roundup, Steve Barsh has had a busy week.

The DreamIt Ventures managing partner got his tons of national press for his latest startup, Packlate.com, from TechCrunch, the Wall Street Journal and the Washington Post. The company, based in University City (though with plans to move to West Conshohocken) aims to be a last-minute vacation booking service and has received funding from ETF Ventures and First Round Capital.

“It’s not a rocket ship yet, but it is kind of jiggling on the launchpad,” says Barsh.

Barsh says the idea has been brewing for years as he mentored young entrepreneurs at DreamIt while maintaining vacation properties in Utah.

“You know the saying ‘Those who do, do. And those who don’t, teach? I like to do both,” he says.

Currently he says he is still dedicating ten percent of his time to DreamIt but says he wants to focus most of his efforts on his new startup. We spoke with Barsh about Packlate’s future, how DreamIt can survive with preoccupied management and when we’ll be able to book a Jersey Shore vacation with Packlate.


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Startup Roundup: D.C.’s startup soul offers lessons, DreamIT-backed SCVNGR growing strong, TicketLeap redesigns

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Introducing Technically Philly’s Startup Roundup. Here, we’ll parse out the small pieces that make our greater Startup ecosystem thrive. We want to keep you in touch with the innovations that we can’t quite get to covering, but that deserve highlight. If you’ve got news to share, get in touch.

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Philly Startup Leader Founder Blake Jennelle writes long-form about Washington D.C.’s “startup soul,” after taking in the scene there earlier this month. There’s a lot for Philly to learn from it’s neighbor to the south, Jennelle says, and we’ve got much in common. Like Philly, growth comes from the grassroots, but D.C. lacks a central community of entrepreneurs. And our brethren know Philadelphia. “The reputation of [Philly's] creative communities is strong,” he writes.

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VC Roundup: Packlate.com raises cash, DreamIt teams up with NYC accelerator

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.

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DreamIt Ventures has partnered with 67th Ward-based startup accelerator program Startl to accept five companies into this summer’s DreamIt program.

University City Science Center-based vacation rental service Packlate.com has raised $650,000 from local firms First Round Capital and ETF Ventures. The company’s CEO is DreamIt co-founder Steve Barsh, who also got his car dug out by a backhoe this week.

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VC Roundup: Is VC ready for its turnaround?

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.

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According to the VCs assembled in New Jersey for the New Jersey Technology Council conference, VC activity is primed to heat up in the coming months. Bala Cynwyd-based Osage Partners was among the local firms in attendance. “If you can survive the last three years, then you have something,” said one attendee.

Ben Franklin Technology Partner has anounced nearly $600,000 in investment, including $50,000 going to Viddler. If you remember, Viddler told us in October: “We’re done funding.”


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Startup Roundup: Venmo public and proud at Mobile Monday, LTL gets Garbage Pail Kids, RedLasso will beat us up

startup

Introducing Technically Philly’s Startup Roundup. Here, we’ll parse out the small pieces that make our greater Startup ecosystem thrive. We want to keep you in touch with the innovations that we can’t quite get to covering, but that deserve highlight. If you’ve got news to share, get in touch. Several of the tips in this week’s roundups resulted from a quick email to TP. Without further ado….

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Venmo, a young mobile payment startup based in University City received top honors at Mobile Monday Demo Night, after attendees used the service during a five-minute presentation to donate to a Haiti relief organization. Six-hundred dollars were donated in three minutes, adding to the $15,000 that Venmo says it has already raised for the disaster. It will be interesting to watch how Venmo continues to grow, considering XIPWIRE’s competitive platform and business model, also based in the region.

PlaySay, a mobile language-learning flash-card platform was awarded third place at Demo Night. In an email to Technically Philly, founder Ryan Meinzer says the organization has grown to more than 4,000 users. We’re not sure at the moment how that compares to our report that the company had sold 3,000 products by July of last year.

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VC Roundup: Philly is home to 2 of the most active VC firms in U.S., DreamIt open for applications

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.

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PriceWaterhouseCoopers has released its Q4 MoneyTree report, complete with regional data showing Philly bouncing back from a disappointing Q3 with $142 million being invested in 28 deals, mostly in medical and biotechnology. See all the deals listed here. Silicon Valley continues its rebound with $2.2 billion of investment, nearly four times the next closet metro area. In total dollars invested, Philly ranks 12th out of 17 markets.

If you ever wonder why there is so much First Round and BFTP news on Technically Philly, its probably because First Round Capital and Ben Franklin Technology Partners were ranked the forth and 19th most active VC firms in the nation by Dow Jones VentureSource, respectively. The Wall Street Journal points out that the average age of firms on the list is 24, while First Round Capital is only six years old. Meanwhile, BFTP/SEP announced it has invested nearly $1 million in five local companies.


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VC Roundup: BioStrategy primes the pump, SeatGeek gets funded

Welcome to our new weekly 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.

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The fine folks at the Philadelphia Business Journal profile BioStrategy Partners, a biotech incubator. Based in Elkins Park, the nonprofit focuses on first-time business owners and is funded by local universities and medical schools. And, just so you know, someone in the story uses the phrase “prime the pump.”

Another week and another DreamIt Ventures grad gets additional funding. This week it’s SeatGeek’s turn. The company’s founders, if you remember, founded Scribnia, sold it and got working on SeatGeek just before DreamIt’s demo day. The company also demoed at TechCrunch 50.

After the jump, see what firm saw two portfolio companies get additional funding.


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