Philadelphia Venture Capital Status? Perfectly Mediocre

Shutterstock.com

Shutterstock.com

Last November, Mayor Nutter announced a batch of grants for local entrepreneurs, funded through StartUp PHL—the joint venture between the Commerce Department, Philadelphia Industrial Development Corporation and Josh Kopelman’s First Round Capital. StartUp PHL—the city’s main pipeline of support to the city’s entrepreneurial community—has contributed more than $1 million in seed funding or angel investments to local startups since its inception two and a half years ago. “For Philadelphia to continue to grow we must be a city that welcomes exciting, innovative companies and the type of talented workforce that wants to work for those companies,” Nutter said, in announcing the latest grants.

But to breed an urban-tech community of startups, you need lots of private investment—a lot more cash than StartUp PHL can provide. And there’s new research out showing that Philly remains something of a laggard in attracting private capital for its startups. A senior fellow at Brookings compiled data on “first fundings”—the initial round of venture capital for new companies—in metro areas of more than 100,000 people nationwide. In the report, there’s good news and bad news for Philadelphia. Read more »

New MilkCrate Philly App: “The Yelp of Sustainability”

Photo via Facebook

Photo via Facebook

If you refuse to stock your pantry with coffee that isn’t 100 percent organic and fair-trade certified, then it only makes sense that when you’re out on the town you’d want to get the same kind of high-quality, eco-friendly brew. But the thing is, finding a coffee shop that cares about all the same stuff you do can be tough. (And when you’re facing a mean case of caffeine withdrawal, finding anything is pretty much impossible.) But thanks to the new app MilkCrate Philly, it looks like tracking down an eco-friendly coffee shop—or any sustainable shop, for that matter—near you is about to get a whole lot easier.

The folks over at Green Philly Blog sat down with MilkCrate Philly founder Morgan Berman to find out what this new app, described as “the Yelp of sustainability,” is all about. And I’ve got to say, it looks pretty freakin’ awesome.

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