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.
Among six top universities including MIT, Stanford and NYU, Penn has one of the highest rates of alumni entrepreneurs leaving its region, according to a recent CB Insights report. Harvard also had a high rate of what CB Insights called “alumni leakage,” while Stanford and Berkeley grads most often stayed in the area. (Remember the list of 17 leading NYC startups led by Penn grads?)
This isn’t a surprise. It’s a trend that First Round Capital‘s Josh Kopelman recently pointed out in his talk at the last Philly Tech Meetup. Here’s the video. During the talk, Kopelman gave his ideas on how to remedy this problem and retain local talent. One of his main ideas? Venture capital firms need to move to the city.
GIVE A GLANCE
We stopped by the IMPACT 2012 venture conference last week to hear a panel on why four CEOs chose the Philadelphia region. Read about their thoughts on how money will always follow a good idea, no matter where you’re located, and more.
MIGHT BE WORTH YOUR TIME
Ben Franklin Technology Partners of Northeast Pennsylvania is holding a startup pitching showcase called “Ben Franklin Venture Idol” this week, Lehigh Valley Live reported.
Philadelphia slayed its brain-drain beast. Now what?
One CEO’s advice to recent grads (and Amazon) on what Philly has to offer
Our 25,000th Twitter follower is a tech intern. Here’s how he might stick around
These 13 startups are hosting Philly Startup Leaders interns this summer
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