On one hand, we have a piece from the Philadelphia Business Journal where Peter Key writes about a shakeup at Novotorium, a Bucks County business incubator.
The story states that Novotorium co-founder and general manager Mike Krupit will move on and the operation "will concentrate on developing companies in the wellness and healthy-lifestyle space, as well as companies that complement those types of businesses."
Big deal? Probably not, but there's a trouble quote from Krupit. Read the story to see the whole thing (it's worth the click), but the first line sets it up: "“The Philadelphia region is a pretty challenging startup environment."
Challenging is not the adjective we want attached to the Philadelphia startup community.
But take heart, someone seems to think that Krupit may not have an accurate picture. Because over at Philly.com, Joseph N. DiStefano posted a piece announcing a venture capital firm is moving from the suburbs into the city.
We're not talking nickels and dimes, either. The piece points out that First Round Capital is "the third-busiest venture-capital firm in the United States." And it's moving from the Main Line to 4040 Locust St., according to the article.
So is the glass half-empty or half-full? Seems like the latter, but only time will tell.
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