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How Philadelphia incubator DreamIt Ventures wants to improve on Y Combinator model

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21–30 of 32 posts

Re: How Philadelphia incubator DreamIt Ventures wants to improve on Y Combinator model

#21
post #17

Earlier quoted context omitted.

Philly has some issues, but it's much better than it used to be. It's a huge city. There's a lot of growth in some great areas. You get a lot for your money here. Many compare the current state of the city to NYC in the 80's. There's lots of potential.

> You get a lot for your money here. Rents are cheap. Taxes, insurance, and any sort of labor the unions control are absurdly expensive. You have to be crazy to start a business downtown rather than just outside the city. If you're a major corporation you can negotiate special terms so it makes sense to locate downtown, but that's more of a bad sign than anything.

Yes, some taxes and costs are higher, but I like living and working in a big city instead of the suburbs. There's a lot of incentives for businesses moving into the city now. Property taxes are insanely low here (a fraction of surrounding locations). I've seen huge improvements in the last five years. And I don't think it's fair to write it off so easily. You have to factor in quality of life, and Philly has a lot to offer. And it's just plain ridiculous to say Philly is boring with the amount of nightlife and culture here.

Re: How Philadelphia incubator DreamIt Ventures wants to improve on Y Combinator model

#23
post #20

"So, with the help of the strategists and the professional firms we were able to throw a few more resources at the teams. We got a local marketing firm to donate some strategizing help. We wanted to set up an infrastructure for each team that they could potentially build around. And it worked out really, really well. I know that some of the DreamIt companies ended up getting quite a few people from these partners com…

Perhaps they mean an advisory board rather than a board of directors?

it's certainly possible, although "board" usually refers to the board of directors.

Re: How Philadelphia incubator DreamIt Ventures wants to improve on Y Combinator model

#24
post #22

Wasn't this the incubator that lifted YC's application form nearly word-for-word?

Nope, you're thinking of Founder's Coop in portland.

Here's the discussion on HN: http://news.ycombinator.com/item?id=164892

They actually have updated their application to include a thank-you to YC: http://www.founderscoop.com/apply.php

Re: How Philadelphia incubator DreamIt Ventures wants to improve on Y Combinator model

#25
post #22

Wasn't this the incubator that lifted YC's application form nearly word-for-word?

Nope, you're thinking of Founder's Coop in portland. Here's the discussion on HN: http://news.ycombinator.com/item?id=164892 They actually have updated their application to include a thank-you to YC: http://www.founderscoop.com/apply.php

Cool, it's nice to see credit where it is due.

Re: How Philadelphia incubator DreamIt Ventures wants to improve on Y Combinator model

#26
The problem with dreamIT is the name of the companies it founds, all 2.0 :(

scvngr.mobi vuzit.com phrazit.com beanstockd.com anthillz.com trendient.com

* I know you can't just the by their name, but the truth is a lot of people do. (and yes I know about F'ing Google.com)

Re: How Philadelphia incubator DreamIt Ventures wants to improve on Y Combinator model

#28

Two comments: 1. Philadelphia is a mediocre city for startups, not only because it's sort of boring, but because there's NO INVESTOR MONEY THERE. That's the number one determinant of where startups are and thrive. Hi SF, Boston, NYC. 2. What's up with dreamit's website? http://www.dreamitventures.com/ Live Your Dream! - Do they want me to sell knives or something? As a founder I'm all for anything that gives entrepre…

Midwest WTF? There is a serious amount of capital around Philadelphia. It has a couple of the richest zip codes in the country. You just don't know what you're talking about.

First Round (www.firstround.com) is the one that comes to mind there. At least based on his online presence Josh (who's around here some too, I think) is one of the investors out there that I have a good deal of respect for.

Re: How Philadelphia incubator DreamIt Ventures wants to improve on Y Combinator model

#29
post #20

Earlier quoted context omitted.

Perhaps they mean an advisory board rather than a board of directors?

it's certainly possible, although "board" usually refers to the board of directors.

As someone that went through the program, I can say that it's the advisory board.

Re: How Philadelphia incubator DreamIt Ventures wants to improve on Y Combinator model

#30
I love it when people that live in the Philly burbs bash the city. This is a lifestyle choice ... you're either a suburbanite or a city slicker. My opinion is that these likely don't mix well in any city.

There are plenty of neighborhoods in the city that are great places to live and are safe. I live in West Philly (Univ City), I walk 12 blocks to the office of my startup everyday, and I absolutely love it.

I posted other comments about Philly on news.yc a few weeks ago: http://news.ycombinator.com/item?id=295277

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