Philadelphia is one of the best cities in the nation in which to launch a company, according to venture capitalist Steve Case.
In a ranking titled "The Top 10 Rising Cities for Startups" published by Forbes, Case gave Philadelphia high marks for "convenient access to the East Coast hubs of Boston, New York and Washington, plus more affordable business costs." Case, the billionaire co-founder of AOL, started the VC firm Revolution in 2005. His Rise of the Rest seed fund fuels startups in underserved cities. Philadelphia, which placed eighth in the rankings, also was credited for being "home to more than 100 degree-granting institutions and has the second largest university population in the U.S."
"It is our hope that one day lists like this won't be necessary," Case said in a blog post. "That there won't be anything exceptional about a tech startup putting down roots outside of Silicon Valley or New York." The rankings did not include those giants, but focused on cities with the greatest potential for growth.