entrepreneurs

PHILADELPHIA ENTREPRENEURS FORGE 21ST CENTURY EVENT TO INSPIRE AND EDUCATE FUTURE BUSINESS FOUNDERS

World-class local entrepreneurs set to speak at Founder Factory event; answer call to step-up, coach next generation of business startup leaders.

Philadelphia, PA–October 14, 2008–Twelve months ago, entrepreneurs starting a new company in metro Philadelphia had no choice but to operate in a vacuum. In the fall of 2007, they banded together and built Philly Startup Leaders (“PSL”), with the goal of supporting one another and helping their companies grow. In less than a year, PSL grew to 300 members. And yet, that was not enough. Business founders cried out–they wanted to lasso successful local-area entrepreneurs and investors, corral them in a room, and soak-up their business lessons.

The Insider: Philadelphia: A Destination for a Strong Entrepreneurial Community

"Philadelphia's history is built on innovation, a culture of creative thinking and a spirit of entrepreneurism. From the city that Ben Franklin called home and the location of the first computer, Philadelphia is a destination for a strong entrepreneurial community.

Philadelphia doesn't measure up in creating new businesses

The “Kauffman Index of Entrepreneurial Activity, 1996-2007. is a report which shows the number of businesses created by individuals in a region. It draws on Bureau of Labor Statistics and Census data to come with an overall business creation rate.

Young entrepreneurs are banking on their tech savvy for startup success.

Company: 

Catherine Cook, co-founder of myYearbook.com is highlighted in an article on technology startups founded by teens. She discusses the reasons why VC firms will take a chance on her company.

Quote:

"Young people have great advantages in business, especially when marketing to their peers, because they relate to their demographic better," says Catherine Cook, who co-founded social networking site MyYearbook.com when she was 15. "You can't expect someone who's 40 years old to know what to do."

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