Steve Welch, DreamIt Ventures partner, is running for U.S. Senate

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After a failed bid for the House of Representatives (PA-6), Steve Welch announced last week he is running for Senate to challenge U.S. Senator Bob Casey (D). The DreamIt Ventures managing partner and founder of The Mitos Group withdrew from his last bid for congress to pave the way for Jim Gerlach.
From the announcement emailed to supporters:

I started a business with hardly a cent to my name and grew it into a world class manufacturing company in the biotech industry….It’s time for a new direction that grows our economy instead of putting us further into catastrophic debt.

Already, the analysts at POLITICO have weighed in.

Fiscally focused, telegenic and from the vote-rich Philadelphia suburbs, Welch is the rare breed of Republican who can still win statewide races during presidential cycles.

See our coverage of Welch’s pervious bid for Congress here and here.
Welch is also an active angel investor and has attended Open Angel Forums in the past.