Venture Capital Firm Moving to West Philly
Philadelphia City Hall and political coverage from the Philadelphia Inquirer City Hall bureau.
Venture Capital Firm Moving to West Philly
Troy Graham @troyjgraham
Mayor Nutter's office announced this morning that leading venture capital firm First Round Capital will move its headquarters from West Conshohocken, opening a 10,000-square-foot office in the West Philadelphia building that once housed the first Urban Outfitters location.
Although the company will employ just 10 people, Nutter called the move "a game changer."
"When one of America's leading entrepreneurs and investors see Philly as place of ideas and innovation ... and feels the need to be part of it, he sends and incredibly strong message about what is going on in the city," Nutter said in a statement.
The move was first reported this morning by the Inquirer's Joseph N. DiStephano, in his PhillyDeals column.
First Round Capital is headed by Josh Kopelman, who co-founded the company Infonautics Corporation in 1992, while still a student at the University of Pennsylvania. The company went public four years later. He since has been named by Newsweek as one of the top ten angel investors in the country.
First Round's new headquarters, just off Penn's campus, will host five start-up companies, including Uber Philadelphia, Curalate and Technically Philly. There will be space for two dozen other entrepreneurs to develop their ideas.
"For me, this is more than just an office move," Kopelman said, in a news release. "It's a way for me to get more involved in helping local entrepreneurs get their businesses off the ground."
The new building will open on Sept. 19, after a ceremony attended by the mayor.
Click herefor Philly.com's politics page.
Good, more successfull people to tax to keep on the spending train.— flyers2thecup- But Obama is an angel even though he accepted $1.1 million in donations from Satan i.e. Goldman Sachs.— TR3
- 10 employees, now that is a game changer; their tax dollars should solve the fiscal calamity that Philadelphia is in right now… Game on Mayor Nutty— CrashTestCorzine
- A smoke Filled Room
- Addytood
- American Debate
- Casino Free Philadelphia
- Changing Skyline
- Citizen Hunter
- Citizen Mom
- City Paper
- Daily News
- Evening bulletin
- Fight for Room 215
- Great Expectations
- Hallwatch
- Inquirer
- Judges on Merit
- Keystone Politics
- Legal Intelligencer
- Metro
- Metropolis
- Neighborhood Networks
- PA Clean Sweep
- Phawker
- Philadelphia Business Journal
- Philadelphia Forward
- Philadelphia Weekly
- Philadelphia Will Do
- Philadelphians for Ethical Leadership
- Philebrity
- Philly Blog
- Philly Confidential
- Philly for Change
- Philly Future
- Philly Skyline
- Phillyist
- PICA
- Plan Philly
- Politics PA
- Public Record
- Sunday Sun
- The clog
- The Field Negro
- The Illadelphia
- The Next Mayor
- Trash Me
- Tribune
- Young Philly Politics
