(Screenshot via safeguard.com)
It was 1953 when Warren “Pete” Musser and Frank Diamond founded what eventually became venture firm Safeguard Scientifics. The company was called the Lancaster Corporation, focused on helping develop the electronics, atomic energy, chemical metal and petroleum industries.
“When we started in the 1950s, there was very little venture capital at work anywhere,” Musser said. “Silicon Valley didn’t exist, as we know it today. And the notion of investing in small companies was fairly new.”
Thumb through Safeguard’s entire 60-year history, including three exits in 2014, in an interactive timeline on the venture firm’s site.-30-
Meet 10 legendary innovators from our city’s past for the 10th annual Philly Tech Week
Philadelphia prayed for a tech unicorn with a household name. Now what?
Here’s what we know about goPuff’s reported $750M SoftBank investment
When it comes to diversity, Vanguard puts its money where its mouth is
Sign-up for daily news updates from Technical.ly Philadelphia