Do I need to be headquartered in Philadelphia when I apply - or can I move to Philadelphia after I receive funding?
You don't need to be located in Philadelphia when you apply. We're perfectly fine funding companies that commit to move to Philadelphia after they receive our investment.
If I'm already talking with First Round Capital - or have already met with First Round Capital - should I apply to Startup PHL separately?
No. Startup PHL is a co-investment fund which invests alongside First Round Capital in qualified Philadelphia-based companies. If First Round Capital chooses to invest, you'll qualify for Startup PHL funding - and if First Round Capital has declined to invest, then the Startup PHL will not be able to invest as well.
I know that First Round Capital invests nationally - do you plan to apply the same investment criteria/standards to Philadelphia-area companies that you use everywhere else?
We admit it: Philadelphia holds a special place in our hearts... and we want Philly's tech ecosystem to flourish. And we believe that there are many incredible entrepreneurs hard building amazing companies in Philly. We hope (and expect) to find entrepreneurs and ideas here in Philadelphia that can operate (and compete) at the same level as entrepreneurs anywhere else. So we plan to use the same investment standards for Philadelphia entrepreneurs that we use for the rest of the country.