Startup PHL Keeps Local Investments Flowing with New Angel Fund

November 14, 2014 | Flying Kite by Alaina Mabaso

On November 12 at Philadelphia’s Innovation Lab,PIDCFirst Round Capital and the City of Philadelphia announced the launch of the Startup PHL Angel Fund.

Deputy Mayor for Economic Development Alan Greenberger, who spoke at the event, said that many people have asked him whether investments like this are a risk the City should be taking.

“The answer is simple,” he said, speaking to a large crowd of local startup leaders, packed with aspiring millennial entrepreneurs. To continue transforming Philadelphia into a notable draw for the country’s best ideas, “we cannot afford to do nothing.”

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