May 24, 2013
While the Internet teems with "angel" investors searching for the next jackpot, it suffers from a shortage of guardian angels. Criminals have been wreaking havoc all over cyberspace lately, while governments and corporations have struggled to keep up with them. In February, an international gang of criminals reeled in $40 million in 10 hours by hacking into a database of prepaid debit cards and draining ATMs around the world. Last month, the Associated Press' Twitter feed, allegedly hacked by the Syrian Electronic Army, falsely reported explosions at the White House, causing stocks to plummet.
January 10, 2011 |
Eighteen months ago, entrepreneur Brian Ruby was practically laughing in the face of the recession. He'd just moved his company, Carbon Nanoprobes Inc. , to Chester County from the Seattle area after landing an equity investment from the Life Sciences Greenhouse of Central Pennsylvania . The space in East Whiteland Township had a clean room in which the nanotechnology company would make probes that researchers could use on the tip of...
August 5, 2014 |
Into the fray of the U.S.-Mexico border-crossing debate rides a Philadelphia start-up - literally. Christini Technologies Inc. this week will prepare nine of its 450DS all-wheel-drive motorcycles for shipment to the U.S. Border Patrol in Texas. Though small, it's an important order in advancing the new business mission of president Steve Christini, who is steering the research-and-development company he formed in 1999 into manufacturing. "The irony is my mom wouldn't let us have motorcycles," said Christini, 42, of Queen Village, who majored in mechanical engineering at Villanova University.
November 9, 2014 |
You have an idea for a business, or an invention, or a brand? How do you get started, and where? Right in our own backyard, it turns out. Put aside any snobbishness about selling online and on TV because you just might reach 110 million viewers. Home-shopping giant QVC, based in West Chester, has a fairly new start-up-seeding program called QVC Sprouts. If you want immediate crowd-sourced feedback, this could be the way to go for you. Just ask QVC millionaire Tara McConnell.
August 28, 2000 |
When cable TV executive Joseph W. Cece took over as CEO of Digital Access in January, a Bala Cynwyd-based startup that builds broadband networks in medium-sized markets such as Indianapolis, he confronted a situation many entrepreneurs would die for. Just before Cece came aboard, Digital Access won commitments from a bevy of venture capitalists - including two from Silicon Valley - for $450 million. Digital would have the funds needed to grow quickly. But not all local startups are as flush with venture capital as Digital Access.
October 10, 2014
HAL REAL, 61, of Wilmington, Del., is a former real-estate lawyer and founder of World Cafe Live, which is celebrating its 10th anniversary. Located in a former toilet factory on Walnut Street near 30th, the shrine to all music genres houses everything from WXPN's on-air studios to two main stages, a restaurant and recording studios, and is home to the World Cafe radio show. Q: How did you come up with the idea for World Cafe Live? A: I'm a lifelong pianist and wanted a club for grown-ups to hear live music, that was great for audiences and performers and had good food and drink.
June 20, 2014
C ARLOS R. VEGA, 32, of Center City, is founder and CEO of startup Tesorio, an online marketplace that helps buyers and suppliers with cash management. Vega, a citizen of both Panama and the United States, is a recent Wharton grad with a masters in business. Tesorio was accepted into the Wharton Venture Initiation Program, which provides office space and other help for startups. Q: How did you come up with the idea for Tesorio? A: Access to financing can be tedious for small businesses.
September 9, 2014
First Savings Bank , Perkasie, has named Robert S. Bowen Jr. president of First Savings Insurance Inc., a wholly owned subsidiary of First Savings Bank. He had been vice president of the insurance division of Delaware Valley Financial Group. Ellen Weber has been appointed executive director of the Innovation and Entrepreneurship Institute at Temple University's Fox School of Business . The institute promotes entrepreneurial spirit university-wide, across disciplines and among 17 schools and colleges.
December 16, 2009 |
A Camden County criminal investigator's romance with a mortgage broker has cost her her job and could send her to prison for obtaining a fraudulent loan, officials said. Asha Ritchards, 31, of Sicklerville, appeared yesterday in U.S. District Court in Camden, where she tearfully pleaded guilty to one count of wire fraud and admitted she lied on loan applications for a house her then-boyfriend used as a rental property. "She fell in love with this guy. He's a smooth-talking, handsome guy," defense attorney Leonard S. Baker said.
April 18, 2000 |
Venture capitalists and "angel investors" who fed and were fed by the stock market's 1990s surge say the recent skid in technology-stock values has clouded the premium-priced promise that stampeded corporations, pension funds and rich individuals into investing in unproven companies that hoped to go public at high prices. "A lot of people at these [new] companies have lost tremendous amounts of paper value," said Andrew Martini, head of Bank of America's Radnor private banking office, which concentrates on high-tech executives.