Chester Man Helping People Break into the Business World

by KYW’s Brad Segall

A Chester County man is turning dreams into reality for budding entrepreneurs from around the country and he’s doing it from the offices of his new company in West Philadelphia.

Steve Welch built his first company at 23, sold it for a nice sum at 29, and now through Dream-It Ventures, helps others find success in the business world. Welch says budding entrepreneurs get a mentor and donated legal and accounting help and office space — even up to $20,000 in seed money to find out if they have what it takes:

“We’re looking for a commitment for a three-month period to really put everything they have into the business, to try to make sure that in that short period of time, they can figure out whether it’s a viable business or not.”

He says there’s strong evidence that shows job creation comes from early stage companies, especially tech-related companies that increase the efficiency of the country. Dream-It takes six percent equity in the companies. Google just gave $4 million to Scavenger, started by a 17-year-old Princeton student who went through the program.

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Click above to Listen to Steve’s interview with KYW Newsradio that was aired on July 6th, 2010.

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