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Category: Entrepreneurship

Entrepreneurship

Lanco startup builds on viral moment: ‘You don’t want it to just be that’

When you’re shipping a $100,000 engagement ring, you don’t take any chances. That’s how Simone Kendle found herself on a plane to Toronto over the Memorial Day weekend. “Delivery person” may not be part of the job description for Kendle, the CEO of Wove, a startup custom jewelry company founded and based in Lancaster. And […]

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Entrepreneurship

PE firm backs spinoff from York IT company

John Dolmetsch believed wireless connectivity would become a staple of modern life. He just didn’t expect it would happen so quickly. “Literally, it’s an explosion,” said Dolmetsch, who in 1992 co-founded York-based IT firm Business Information Group, aka BIG, with his brother, Scott. In a bid to take advantage of that growth, John Dolmetsch partnered this […]

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Entrepreneurship

Lancaster nonprofit names first top exec

The Tandem Center for Shared Business Success, a Lancaster-based nonprofit focused on employee ownership and profit sharing, has hired Drew Mousetis as its first executive director, effective May 20, The nonprofit was founded last year by Chip Cargas, founder of Lancaster-based software company Cargas. Mousetis worked most recently as a lead consultant at Cargas, an employee-owned […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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