Early-stage startups based out of the University of Pennsylvania already have a decent well to pump for seed cash. But what happens when business starts booming?
Enter Chestnut Street Ventures, the latest Penn-focused investment fund, which looks to provide growth-stage startups with investments in the $200,000 range. Although the firm is not affiliated with the University, it’s rallying cash from Penn alumni and will invest exclusively in startups founded by Penn students, alumni and professors.
