DreamIt Ventures Opening Day: What You Missed

September 14, 2014

12:00 pm

Patrick Fitzgerald, Managing Director, said DreamIt Ventures Opening Day and the Welcome Reception of the accelerator were the best he had ever attended.

“We have former mayors and super successful entrepreneurs in one space and in one building supporting new companies that have never even launched,” says Fitzgerald. “That marriage of expertise and fresh faces is something you don’t see every day.”

DreamIt Ventures welcomed 12 teams from the United States and Israel on Thursday at a welcome reception. Around 250 people attended the event at Comcast Global HQ. In attendance were Mayor Michael Nutter, Governor of Pennsylvania and DNC Chairman Ed Rendell and David Cohen, the Executive Vice President at Comcast Corporation.

“They have been with DreamIt since the beginning,” says Fitzgerald of Comcast.” They hosted the event so it was amazing to have one of the top ten companies in the county showing that they support entrepreneurship.”

Along with advice from mentors, teams have the benefit of the city’s resources and startup community.

“The entrepreneurs that are in Philly we root for each other and there are a small tight knit group so all of the successful companies in Philly are somehow involved with the city and it’s amazing resources.”

Along with the resources are universities such as the University of Pennsylvania, Drexel University and Temple University that offer talent from about 400,000 students in the area.

“If you can’t find the right designer or marketing expert, you’re not trying very much because they’re all here, you have some of the top universities here in the world,” says Fitzgerald.

Fitzgerald also says the reception was great, but the accelerator will give teams the chance to work on their success story over the next 90 days. His advice for any entrepreneur in an accelerator is simple:

“Make it work for you,” says Fitzgerald. “…The other thing is make mistakes, you are by nature crazy to do something like this. You left your home and your families and you are working around the clock. So make those mistakes now and learn from them.”

 

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Amanda Quick is a tech/startup reporter covering young entrepreneurs for Tech Cocktail. She’s also interested in covering apps, emerging technology, IoT and beauty & wellness.

Amanda is currently in grad school at Syracuse University studying Information Management. In the past she has interned at NBC Sports, NBC Olympics, Brand-Yourself, and the Times Leader Newspaper as well as worked at WWNY-TV and the StartFast Venture Accelerator in Upstate New York. Amanda is originally from Kansas City, MO but has also lived in Canton, MA and Scranton, PA.

To learn more you can visit amandalquick.com.

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