Half of the six startups from last year’s cohort stayed in Philadelphia. In that way, the program is giving us that DreamIt Ventures vibe.
August 10, 2016 | Technical.ly by Wafai Dias
Leigh Sevin and Jinesh Shah want you to get to your next meeting in style.
The pair runs Arthur, a startup that connects users with personal stylists. After meeting as Venture for America (VFA) fellows in Miami, they’re here in Philadelphia with VFA’s accelerator, along with six other startups run by VFA fellows. (VFA places recent college grads at startups in up and coming tech cities across the country, including Philadelphia, Miami and Detroit.)
It’s the second summer VFA has brought its accelerator to Philadelphia — specifically, First Round Capital’s University City headquarters. The accelerator, which allows fellows to live rent-free for the summer in a West Philadelphia house and get business training and mentorship, is becoming a boon for Philly’s tech scene, akin to the way DreamIt Ventures has historically imported startups from around the country: half of the six startups from last year’s accelerator stayed in Philadelphia and are growing their teams here, including SkyMutual, Compass and LeagueSide.
“A big part of why we stayed in Philly and why our entrepreneurs continue to stay is because of the openness and support we get from the community here,” said Sergei Revzin, VFA’s Entrepreneur in Residence who took over for VFA’s Mike Tarullo in running the accelerator.