Philadelphia Mayor to startups: Take the money and don’t run

October 26, 2012 | PandoDaily by Hamish McKenzie

“Philly has a problem: It struggles to keep good startups in the city. AdMob, Milo, Invite Media, Warby Parker, Venmo – they all started in Philadelphia. And they all left. The city, densely packed with great universities and tens of thousands of smart students, doesn’t have a problem with generating good ideas and getting young entrepreneurs started. It’s the support, early stage capital, and deep experience that have been lacking. Part of that might be about to change…”

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