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Angel Investors

NEWS
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.
BUSINESS
January 4, 2012 | By Joseph N. DiStefano, Inquirer Staff Writer
Three firms have been picked to share office space with The Inquirer and other Philadelphia Media Network outlets in the Project Liberty Digital Incubator , the newest local space dedicated to start-up tech businesses. The firms, selected by PMN adviser and incubator operator Ben Franklin Technology Partners of Southeastern Pennsylvania , are CloudMine , a smartphone applications developer platform headed by CEO Brendan McCorkle; voter-guide app developer ElectNext , headed by Princeton and Wharton-trained political scientist Keya J. Dannenbaum , and SnipSnap , a print-to-mobile coupon scanner conversion service headed by Ted Mann . "We're providing these companies free rent, free office equipment, and the infrastructure to operate their business, day-to-day, for a six-month period, while they agree to develop a media product for consideration" by The Inquirer, the Daily News , Philadelphia SportsWeek , and Philly.com , spokesman Mark Block said.
BUSINESS
August 28, 2000 | by Michael Hinkelman, Daily News Staff Writer
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.
BUSINESS
January 10, 2011 | By Mike Armstrong, Inquirer Columnist
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...
BUSINESS
May 23, 2014 | By Diane Mastrull, Inquirer Staff Writer
Three years after giving new meaning to the word cycle in laundry terms - and turning quite a few heads on Philadelphia streets - entrepreneur Gabriel Mandujano is bringing his bicycle-based laundry service to the nation's capital. "From the beginning, I had the idea we could make this idea work in places outside Philadelphia," Mandujano said. "The blessing and the curse of laundry is that everybody has to do it. " The choices for Wash Cycle Laundry's first expansion were Washington or New York.
NEWS
December 16, 2009 | By Barbara Boyer INQUIRER STAFF WRITER
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.
BUSINESS
April 18, 2000 | By Joseph N. DiStefano, INQUIRER STAFF WRITER
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.
BUSINESS
August 5, 2014 | By Diane Mastrull, Inquirer Columnist
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.
BUSINESS
November 17, 1999 | By Ambre S. Brown, INQUIRER STAFF WRITER
To boost entrepreneurship among young adults in Philadelphia and Newark, N.J., the Prudential Foundation is giving a $2.5 million grant to extend the Prudential Young Entrepreneur Program, which it launched in July. The nine-week program for adults ages 18 to 30 is taught at the Enterprise Center on Market Street in West Philadelphia, where Prudential officials made their announcement yesterday. The money, which also covers course materials and $15,000 business start-up loans for eligible participants, is to be split between the two target cities.
BUSINESS
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.
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