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Category: Entrepreneurship

Entrepreneurship

Deal for Lanco tiny-homes startup changes shape

The potential buyers of a Lancaster County-based tiny-homes company are taking a new tack.Chase Packaging Corp., a New Jersey-based shell company, had been planning to take Tiny Estates LLC and two related entities public through a merger.The companies are led by CEO Abby Shank, a former KPMG auditor who started a tiny-home community outside Elizabethtown in 2018.But the two sides […]

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Entrepreneurship

For Lititz VR firm, sale is path to scale

After striking a deal with ViacomCBS, now Paramount, Lititz-based MajorMega created a virtual-reality game based on popular cartoon character SpongeBob SquarePants and the undersea world of Bikini Bottom.The two-person arcade game debuted at a convention in Orlando, Florida, said Michael Bridgman, a co-founder of the gaming company. “It was really well-received and we got a […]

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Banking/Finance

Statewide venture fund makes first investments

Four months after taking the field, a statewide venture fund is taking its first shots.The so-called GO PA Fund has invested in two companies, a financial technology firm based in Swarthmore and an advertising tech company based in New York, albeit with roots and some operations in Philadelphia. The fintech company is LoanStar Technologies, which helps […]

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Education

Edtech startup hires revenue chief

TEAMology, an education technology startup based in Chambersburg, has hired Gretchen Thompson as its first-ever chief revenue officer, where she will lead sales, business development, strategic partnerships and marketing initiatives.Thompson has held sales, marketing and leadership positions for a number of education-related startups, including ClassLink, Qwizdom and Vizzle. She worked most recently for Baltimore-based Allovue, which developed finance software for […]

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Entrepreneurship

Growing Lititz firm adds minority investor

The Benecon Group, has sold a minority stake to the private equity arm of New York-based investment giant Neuberger Berman.Terms of the transaction — described as “a significant minority investment” — were not disclosed. A Neuberger spokesperson declined to comment beyond the press release. Neuberger joins an ownership group that includes majority owner TA Associates, a Boston-based private equity […]

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Entrepreneurship

Doceo leader talks succession, expansion

When John Lewis interviews younger job applicants these days, he fields questions he did not typically hear a decade ago.Applicants are asking more pointed questions about the future of Doceo, the regional office equipment and IT services company that he leads as president and CEO.“There’s no question that, when we are talking to younger talent, […]

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Entrepreneurship

Deal could take Lanco tiny-home firms public

A tiny-home startup in Lancaster County is poised for the big time.A publicly traded shell company has agreed to buy Tiny Estates LLC and two related companies, Endeavor Tiny Homes LLC and Tiny Communities Fund LLC.  The companies are led by CEO Abby Shank, a former KPMG auditor-turned-entrepreneur who started a tiny-home community outside Elizabethtown in 2018. Shank, who went on to build […]

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Entrepreneurship

Realty startup focuses on second-chance renters

Chris Dreisbach believes in second chances. He has made the most of his after succumbing to substance-use disorder and landing in jail in his native Lehigh Valley. The path to recovery led Dreisbach to a halfway house in Lancaster County, where he has since built a life, several businesses and a reputation as someone passionate […]

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Entrepreneurship

PA STARTUP TAPS INTO THE POWER OF HOME INSPECTIONS

Home inspectors gather reams of information as they poke around houses that are about to change hands. In some cases, the information prompts buyers to back out of a deal or demand concessions, such as a new roof or a lower price. But in many cases, the information is simply dumped into a binder or […]

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