Local Q2 venture capital investment down

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MUST READS
According to data release by the National Venture Capital Association, Q2 venture capital investment is down in the Philadelphia area. However 2011 is on pace to be a more active year for the region than 2010. The Philadelphia Business Journal’s Peter Key has the details.
Ben Franklin Technology Partners and DreamIt Ventures were both named to Inc. Magazine’s “10 startup incubators to watch” list. Both have been particularly active lately: DreamIt Ventures just capped off a Summer class in New York City and is preparing to announce its latest round of Philadelphia companies shortly. Both companies are involved in the Philadelphia Media Network’s new media-focused incubator.

MIGHT BE WORTH YOUR TIME

Frist Round Capital’s Chris Fralic congratulates MyYearbook on its recent exit and mentions that it was one of the first investments he’s ever been involved in when he walked into the company’s offices and began asking questions.
GIVE A GLANCE

LifeShield, based in Yardley, has raised even more funds since its SEC filing we reported on in May bringing the total to $8 million. Frist Round Capital, Novitas Capital and NewSpring Ventures are among the local firms listed as the home security company’s most recent investment round.
MentorTech Ventures is among the firms listed as investors in SeniorHomes.com, an online nursing home directory that raised $3 million this week.