(Photo by Juliana Reyes)
Summer internships? No, thank you. Dozens of Wharton MBAs opted to build and run their own companies this summer, and Wharton made it easy: they offered the students free office space in Center City.
Last year was the first time that Wharton offered office space to MBA-led startups during the summer. Due to high demand, it was a “no-brainer” to do it again, said Renzo Weber, one of Wharton’s associate directors of student life. The summer office space may become a perk that MBAs come to expect, he added. The space will shut down for the summer this week to make space for new MBAs.
Eighteen startups had offices in the incubator on the 8th floor of 2401 Walnut Street, Weber said. That’s about the same number of companies that occupied the 19,600-square-foot space last summer. 2401 Walnut is a tech hub that houses startups like Curalate and Ticketleap and coworking space CityCoHo on the bottom floor.
We spotted companies like:
- Financing startup Tesorio
- Apartment guide VeryApt
- Social gaming startup Peas and Carrots
- “Uber for healthcare” company Curbside Care
Below, we introduce you to a few more new ones:
My Best Friend’s Weekend helps women organize bachelorette parties. It’s not exactly TripAdvisor for bachelorette parties, said cofounder Lauren Raouf, because the company works one-on-one with the party organizers, rather than leaving it up to the organizers in a self-service fashion. They’re working with their first ten beta customers now.
Ambitioni uses alumni data to help students plan their careers in the long term. It is running a pilot with students from the Penn Biotech Group now, said cofounder Sagar Pagare.
Pragma Retail is an ecommerce shop focused on wrinkle-free, women’s travel-wear. It’s working on a set of official prototypes now, said founder Anjali Bhatia.
LIVEalpha wants to offer credit for international students, who can’t get credit cards if they don’t have a Social Security number. The startup is aiming for a fall pilot, said cofounders Shuo Zhang and Kobina Ansah.