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Philly duo among entrepreneurs buying online businesses

Entrepreneur writes about Randall and Matt Caldwell's purchase of PitchingMachinesNow.com in a story about investors who buy existing online businesses.
Similarly, the entrepreneurial father-and-son duo, Randall and Matt Caldwell from Philadelphia used Flippa to find PitchingMachinesNow.com, a site that fit the pair's criteria -- which included cash flow, price-to-earnings ratios, profit margins, search rank and scalability. In 2011, they spent $149,000 on the online baseball equipment retailer, which had almost 10,000 unique visitors each month.
Original source: Entrepreneur
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Fast Company ponders Philly as America's next big tech town

Fast Company talks to Technically Philly's Sean Blanda and DuckDuckGo's Gabriel Weinberg, among others, about Philadelphia's bustling technology sector.
"Like many cities, Philly has seen a significant increase in all aspects of the startup lifecycle--start, growth, exit," says DuckDuckGo founder Gabriel Weinberg. "I think we're riding the global trend here, but also we've had great community leaders as well." He continues: "Our community is very tight-knit, which means it is very easy to connect with the top people in the scene."
Original source: Fast Company
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Women draft their way to the front of craft brewing

The Washington Post profiles prominent ladies of the craft brew scene, including Rosemarie Certo of Dock Street Brewing Co. iN West Philadelphia.
Certo’s interest in beer started when she began making beer at home because she wasn’t happy with what was available domestically at the time. She started Dock Street in 1985 and remembers in the early days going to make a sales pitch to a distributor and being the only woman in a room of more than 50. “I remember not being bothered by it,” she recalls.
Original source: Washington Post
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United By Blue's marriage of mission with money

Inc. magazine dives into Philadelphia-based, organic apparel company United By Blue and the success of its mission-oriented approach.
Linton graduated from Temple University with two passions: entrepreneurship and water conservation. He was appalled by the fact that an estimated 14 billion pounds of trash are dumped into oceans annually. So when he founded United By Blue in 2010, he was determined to use the business to make a difference by connecting every sale to a cleanup project. It would be good for the environment -- and for marketing.
He designed a line of T-shirts, found a manufacturer in India, and began cold calling retailers. A year later, the shirts were in 175 stores, including six Whole Foods and 20 Urban Outfitters locations.
Original source: Inc. Magazine
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Betty's Speakeasy cupcake shop ditches cash register, card-swipe reader for iPad

PC World writes about Betty's Speakeasy in Philadelphia's Graduate Hospital neighborhood, which is employing the new Square Register app for iPad to replace its traditional card-processing service.
“Right now we’re paying $69 a month in merchant services to swipe credit cards,” Snow said. “We won’t pay that with Square. [The new iPad] pays for itself very quickly.”
Such stories are behind the growing market for iPhone- and iPad-based card-swiping systems like those offered by Square. PayPal recently announced that it is launching its own card reader and app for iOS; it joins a sector that also includes big players like VeriFone’s Payware and Intuit’s GoPayment. (That list doesn’t even include Google Wallet, which is currently compatible with only the Nexus S 4G Android phone.)
Original source: PC World
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DuckDuckGo's radical moves vaults it into search engine stratosphere

Time magazine's Techland digs into Paoli-based search engine challenger DuckDuckGo, its commitment to user privacy and minimal aesthetic.

On Valentine’s Day, DuckDuckGo started to record more than a million searches a day. Sure, Google averages a billion, but that’s not bad for a company that previously consisted of a single employee (Weinberg recently upped that number to the full-time equivalent of six or seven staffers).

Original source: Time
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Escape 'middle-management hell' like Movitas' Chuck Sacco

CNN includes Chuck Sacco's story, including co-founding PhindMe Mobile in 2007 and merging with Movitas in Bryn Mawr two years later, in a feature on managers who strike out on their own.

Another way Chuck Sacco, the PhindMe Mobile founder, helped his business: He discovered that teaching an entrepreneurship course at Drexel University was a great way to meet low-cost interns for his young business. Never taught before? Not a problem. Break in by volunteering to speak at a business-school class. Colleges and universities have an insatiable appetite for adjunct professors like Sacco, who also happens to have an MBA -- from Drexel.

Original source: CNN
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Philly startup Caseinity finding interest for electronics accessories

The Hamilton-Wenham Chronicle catches up with local native Nate Trunfio, an Eastern University grad who founded the Philadelphia consumer electronics accessory startup Caseinitiy with some friends.

The marketing genius for the company, he draws on his marketing and management knowledge gained during his tenure at Eastern University in Philadelphia and selling insurance as a first job after graduation.

The young entrepreneur works for Caseinity during his free time, when he isn’t working fulltime as a mortgage loan officer at a local Philadelphia bank. Caseinity is being funded in part by Trunfio and through Kickstarter, an online funding platform that uses a threshold pledge system for creative projects.

Original source: Hamilton-Wenham Chronicle
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Center City looking good for retailers, with annual retail demand at $710.9M

Shopping Center Business takes a stroll through Center City Philadelphia, finding a bright spot for U.S. retailers via redevelopment and growing assets.

Meanwhile, Walnut Street -- Center City’s high street shopping district -- and its surrounding streets continue to pick up additional retailers who want to capture the city’s affluent residents (Philadelphia has the third largest CBD residential population following New York and Chicago). Center City District estimates that a business located on the 1400 block of Walnut Street can expect to see an average of greater than 2,000 people per hour. The Center City District estimates retail demand within one mile of City Hall is $710.9 million per year. Center City has a population of nearly 180,000, 73% of which have at least a bachelor’s degree.

Original source: Shopping Center Business
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Berwyn's B Lab leading Benefit Corporation legislation in Oregon

Berwyn-based B Lab is leading the push for Benefit Corporation legislation in Oregon, reports Sustainable Business Oregon.

The legislation would provide a legal framework for companies to register as a company dedicated to providing a public benefit. The designation would be available as an option alongside C Corporation or S Corporation.

Similar legislation has been passed in California, Vermont, Hawaii, New York, Maryland and New Jersey and is pending in North Carolina, Pennsylvania, Michigan and the District of Columbia.

Original source: Sustainable Business Oregon
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Rowhome redux: Postgreen plans for biggest year yet

Smart Planet brings us up to speed on Postgreen and its new home construction innovations.

With one house sold and three in the works, the Avant Garage project on Memphis Street is among Postgreen’s most expensive undertakings. (The base price of an Avant Garage house is $355,000.) Each home has a roof deck and a two-car garage. To cater to the neighborhood’s artists and professionals, the garage situates vehicles in front of each other, rather than side-by-side, and has a second door opening to the backyard. The idea is to create space suitable for a studio or workshop.

Original source: Smart Planet
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DreamIt Ventures on Forbes list of 10 hottest startup incubators

As part of a feature that names eight reasons why incubators are better than business school, DreamIt Ventures is among the hottest startup destinations.

The incubator puts up $5,000 for each company, and another $5,000 for each co-founder. It takes a 6% equity stake in return. DreamIt also works with Comcast Ventures to run the Minority Entrepreneur Accelerator Program (MEAP), which funds and mentors minority-owned startups.

Original source: Forbes
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Philly based search engine for health in NYC startup accelerator

TechCrunch reports on the inaugural class of Blueprint Health's startup accelerator in New York City, which includes Philadelphia-based Meddik.

Led by Tim Soo and Ben Shyong, Meddik is a search engine for health that ranks results based on a user’s symptom set, clinical attributes, and demographics.  Tim is a Penn medical student and programmer who built Invisible Instrument, a Wiimote & iPhone gestural-based instrument that won an MTV Award.  Ben is a Web-developer and programmer, having built a real-time transit tool for the Philadelphia transit system and started a bubble-tea restaurant.

Original source: TechCrunch
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Collegeville synfuels company aims to spawn fleets of robotic farms

BEAR Oceanics, a Collegeville-based technology and research company, hopes to make inexpensive, algae-based biodiesel fuel for transportation by harnessing ocean winds and sunshine, reports MSNBC.

The robotic farms would turn algae sludge into 5 gallons of biofuel per day with a sped-up version of the geological process that created Earth's fossil fuels -- all without the risks of drilling for oil or fracking for natural gas.

"At this point, you've turned biomass into a biofuel, and you haven't used any chemicals, so that you don't have a toxic waste stream," said Rudy Behrens, an engineer at BEAR Oceanics. "We can do this on a large scale without disrupting the food chain or creating a hazard."

Original source: MSNBC
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Wharton Innovation Tournament turns ideas into business prototypes

VentureBeat covers the Wharton School's Innovation Tournament, in which MBA students aim to create an internet business in four days.

At the end of the workshop, the organizers announced the winners of the Innovation Tournament. Each team won on a specific metric, such as most pageviews for the business website or best real world application.

The team that won based on pageviews and marketing created Chow4You, a service that helps you find meals based on nutritional value and dietary needs. Rohan Mirchandani, the acting CEO of Chow4You, said, "The workshop was focused on learning the steps to take to make a business viable, especially focusing on user experience, which I found to be the most important topic." The program is just a prototype now, but based on his experience in the course, Mirchandani said he felt confident that he could launch Chow4You as a real business.

Original source: VentureBeat
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173 entrepreneurship Articles | Page: | Show All
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