Philadelphia-based startup accelerator DreamIt Ventures recently announced plans to open an office in New York City. Now it’s revealed who’s going to be running it — entrepreneur and investor Mark Wachen.
Managing partner Kerry Rupp said that DreamIt’s four Philadelphia partners will all be involved in choosing the NYC companies and hope to be in New York at least once a week, but they also knew they needed a full-time presence in the city. Wachen, meanwhile, is a successful entrepreneur (he sold his startup Optimost to Interwoven in 2007 for $52 million), an early-stage investor through Upstage Ventures (he invested in DreamIt alumnus SeatGeek), and a lifelong New Yorker (he said the only time he moved out of the city was to go to college and graduate school).
To read the full, original article click on this link: DreamIt chooses Mark Wachen to lead New York accelerator | VentureBeat
Author: Anthony Ha
