How a week in Philadelphia changed a CEO's plans
Marvin Barron is a resident of Queen Village and calls himself the CEO of Philadelphia. But Pearl Antigenics is not yet a Philadelphia company. The research is based at Washington State University.
Pearl is currently looking for a new city to call home, and after participating in the Science Center's Capital Reserve Program to delve into the region's life sciences ecosystem, Baron is considering Philadelphia as the headquarters for his medical technology company. We are seriously considering it.
➡️ Read more about how the Science Center is marketing the region to startups across the country
Philadelphia's $819 million VC quarter: The new normal?
The Philadelphia region got off to a strong start to the year for venture capital deals. Companies in Philadelphia and its surrounding areas raised $819 million in 92 deals in the first quarter of 2024, according to the latest Venture Monitor report, published quarterly by PitchBook and the National Venture Capital Association.
Total funding for the quarter represented an improvement from the previous quarter's $463 million with a similar number of deals. Although down from recent surges, it is higher than what the region was seeing before the pandemic and could portend a new normal, similar to that experienced by much of the rest of the country. There is sex.
➡️ Check out our chart and which companies won the most VC deals in Q1.
News Incubator: What else you need to know today
• Comcast ranks No. 10 on Fortune's 2024 100 Best Places to Work. Chester-based Power Home Remodeling ranks No. 14 on his list, marking its seventh time on the list. [Fortune]
• Tax day is Monday. While you have all that in place, did you know that Philadelphia imposes a school income tax on residents who earn certain passive income? [City of Philadelphia]
• Philadelphia's leasing industry is off to a strong start in 2024, with the number of listings in the previous quarter nearly double the first quarter of 2023, according to a report from real estate services firm JLL. [JLL]
• Know a local tech leader who is great at bringing people together and sharing tips and information? Nominate them to be a 2024 RealLIST Connector winner. Nominations are being accepted until April 12th. [Google Forms]
🗓️ Add to calendar
• Coffee&Code@Philly will host a code session at Chapterhouse Cafe and Gallery on April 13th from 1pm. [More Details]
Sarah Huffman is a 2022-2024 corps member of Report for America, an initiative of the Ground Truth Project that pairs young journalists with local newsrooms. This position is supported by the Lenfest Journalism Institute.
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