Penn (still) has high rate of alumni entrepreneurs leaving the region: report [VC Roundup] - Technical.ly Philly

Business

Nov. 13, 2012 8:30 am

Penn (still) has high rate of alumni entrepreneurs leaving the region: report [VC Roundup]

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. MUST READS Among six top universities including MIT, Stanford and […]

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.

MUST READS

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

NuPathe, the Conshohocken-based pharma company that went public in 2010, raised $28 million, according to an SEC filing.

Comcast Ventures led a $11.6 million round for WhoSay, an Albany, N.Y.-based social media startup, according to the Business Review.

Advertisement

ChargeItSpot, the University City-based cellphone charging station startup, raised $130,000, according to an SEC filing. The company previously raised $400,000, we reported last month.

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.

 

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!