Philly Is A Hotbed For Innovation... But Where's The Investors?

This is a little less about marketing and more about innovation, Philadelphia, and investment.

Last Thursday I was at the Philly Startup Leaders' 15th annual Entrepreneurs Expo. It had a decent turn out and there were definitely some great conversations going on. The ones that I had were really informative and one topic struck me, as it came up a bunch. Why is Philly so ripe with innovation, but not flushed with investment?

This is the question that's be "haunting" the Philly startup scene for years now. So many great startups have started here (Venmo and TicketLeap are just two). There's a vibrant startup community and there are some angel investors. But from what I hear they are very conservative in what they invest in.

I know first hand a number of startups who have continued to build out their businesses in the Philly-area but have gone outside to DC, NYC, and Boston to raise.

To me this is sad. Philly's investors should want to invest in Philly, homegrown, startups.

This might be slowly changing, but not fast enough if you ask me.

I think a big part of why startups don't get as many investments from their home city (Philly-area) is that the area is known for Biotech and Pharma, not for startups. This needs to change.

What do you think?

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Web Jawn

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• Google AI Overviews visibility drops, only shows for 15% of queries
  Good to see that this crap AI attempt is being pulled back. It clearly isn't ready for primetime when it suggests stuff like putting Elmers Glue on Pizza and jumping off the Golden Gate Bridge!!!!
• X now permits AI-generated adult content
  Because why not?! Ugh. 😵‍💫😡
• Google Warns: Sites That Are Inaccessible On Mobile Will Not Be Indexed
  If you're not concentrating on mobile and even worse blocking your site from being found on mobile your site should be deindexed.
• Google Business Profiles Tests Chat With SMS & WhatsApp
  This is a good move. I've seen it and I'm excited for this, because it's one less chatbot to monitor.
• Why AI Shouldn't Be Doing The News
  A great piece in the NYT on how BNN, an AI-generated news gathering outfit is getting attention from big companies, but is full of errors and misinformation. Oof! 😵‍💫
• U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI
  As the government should.
• Humane warns AI Pin owners to ‘immediately’ stop using its charging case
  Seriously Humane can't catch a break. Their product is lackluster at best, now it's charging case can cause a fire?! And they want up to $1 billion for the company? Come on!
• Meta Previews Business Messaging Updates at ‘Conversations’ Conference
  For better or worse Meta is a place where people do business. Glad to see they're innovating.
• Instagram’s Testing Video Ads That Stop You From Scrolling Further
  This isn't going to piss people off one bit. 😵‍💫 If the ad is good people will watch it, if it sucks or is repetitive then why force them? Ugh!
• Windows won’t take screenshots of everything you do after all — unless you opt in
  It's always wise to do opt in rather than force it down people's throats, especially such a large and somewhat innovative/security-concerning feature.

Web Find

A Must Listen To Episode

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That's It For This Week! Keep Rocking It!

-Seth

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