How DreamIt Ventures Helps Launch 10 Startups A Year From Philadelphia -with Steven Welch
on Mar 18, 2010 - 6:00 AM PSTDreamIt Ventures gives 10 startups a year a little money ($10,000 – $25,000) and a lot of mentoring to help them launch their businesses. I invited one of the seed fund’s co-founders, Steven Welch, to talk about how they pick the 10 startups and how they help turn ideas into businesses.
I also asked him to tell us a little bit about the business he bootstrapped in his 20s and his recent run for Congress.
The FULL program
About Steven Welch
Steven Welch is the cofounder of DreamIt Ventures, a venture capital firm specializing in incubation and seed investments. In July 2007 (at the age of 29), Steven sold the Mitos group of companies that he had started building 6 years earlier to Parker Hannifin (NYSE: PH)—an S&P 500 company.
He recently wrote the book, We Are All Born Entrepreneurs.
You should say hi to him on Twitter.
*Raw* transcript
You can see the mechanical transcript — which readers (like you) are editing — here.
This program was sponsored by
Wufoo- The easy way to add elegant forms and surveys to your site. (I use them on my site’s contact page. When we got married Olivia and I used Wufoo on our wedding web site to collect RSVPs because their forms are beautiful.)
Shopify – Thousands of stores are built using Shopify because it’s easy to set up and manage. Tim Ferriss recently announced a contest that offers $100,000 prize for the highest grossing store. Go start your store now.
Grasshopper – Entrepreneurs (like me) love and use Grasshopper because it offers all the features of the big, expensive phone systems (like multiple extensions, music on hold and call forwarding) but it works with any phone and starts at only $9.95 a month.
View Comments to “How DreamIt Ventures Helps Launch 10 Startups A Year From Philadelphia -with Steven Welch”
Leave a Reply
You must be logged in to post a comment.
March 18th, 2010 at 9:37 pm
really enjoyed this! Keep bringing us these great guests.
March 18th, 2010 at 10:42 pm
You are my hero, Andrew.
You inspired me just when I needed it. I think I owe you big, will pay you back if I got my first million ;-)
March 19th, 2010 at 10:36 am
Based on this interview I think Steven's talents might have been wasted, or maybe just stifled, if a political life was pursued.
I enjoyed the interview.
March 20th, 2010 at 10:48 am
Startups, beware. Think it's hard to raise a seed round now? Republican's are not the party you should be concerned with. Look at this 'little' line item in the Financial Reform Bill: http://www.techflash.com/seattle/2010/03/congre…
March 20th, 2010 at 12:44 pm
We need more solid firms like DreamIt in the Midwest. Too many good ideas and people are fleeing our region for “startup hotspots” like Silicon Valley, Austin, etc. Philadelphia may be further east, but it's within driving distance from Cleveland, Pittsburgh, etc. Keep the great interviews like this one coming. Thanks Andrew!
March 23rd, 2010 at 5:34 pm
Nice interview Andrew, thanks for coming on Steven. One of the DreamIt Ventures companies, Jobaphiles, really gots me thinking, how do you know a one good programmer from another? We're online entrepreneurs, right? How do we know what skills are needed for what? I would like to see an actual programmer on here, talk about what skills would be needed for certain jobs. What makes a programmer good! What's the top programming language? (u may have already done this, if so, somebody tell me which interview). How do I find a GREAT programmer/designer, who'd be willing to work for sweat equity like Gurbaksh Chahal said?
March 24th, 2010 at 12:34 am
Nice interview Andrew, thanks for coming on Steven. One of the DreamIt Ventures companies, Jobaphiles, really gots me thinking, how do you know a one good programmer from another? We're online entrepreneurs, right? How do we know what skills are needed for what? I would like to see an actual programmer on here, talk about what skills would be needed for certain jobs. What makes a programmer good! What's the top programming language? (u may have already done this, if so, somebody tell me which interview). How do I find a GREAT programmer/designer, who'd be willing to work for sweat equity like Gurbaksh Chahal said?
November 15th, 2010 at 11:48 am
[...] Watch the video About Steven Welch [...]