Interesting article on the transformation of the Philadelphia startup scene. I included some tidbits below.
Philadelphia's startup scene is booming. VC leaders lay out what's pushing it forward and what could slow the growth.
https://www.bizjournals.com/philadel...a-startup.html
"Greater Philadelphia’s venture capital landscape is in stark contrast from what it was a decade ago, buoyed by successful serial founders and enormous funding rounds, but ongoing problems facing the region could hold back hinder growth, VC leaders say. The venture scene in Philadelphia is “night and day” compared to 2011"
"Philadelphia has always had the “seeds” to grow a great startup community... Those seeds come from the number of universities in the area pumping out fresh talent, the lower cost of living, proximity to New York and Washington, D.C. and great health care options. But 10 years ago, the community wasn’t living up to its potential."
"What holds back Philadelphia’s startup community is the city itself, the panelists said. With about a quarter of the city’s population living below the poverty line and more than 500 homicides so far in 2021, Philadelphia’s population growth could be stymied, Crowder said. Cities can’t act like they are a great place to live or build a company when it coexists with high murder and poverty rate"