I engaged in some Comcast bashing recently. I’m not really sorry. You can argue that they do a lot for the Philadelphia economy. Well, that would also be true if they were manufacturing land mines. But here’s an article talking about how they do support some local startup companies.
Comcast invests in local startups through Genacast Ventures, a partnership between investor Gil Beyda and Comcast Ventures that helps fuel early-stage companies in the area, including LeadID, Invite Media and Packlate.com. One past success is a seed investment in Divide, a bring-your-own-device enterprise security company formerly known as Enterpriod. Divide eventually sold to Google.
“Our passion has always been to turn great ideas into powerful businesses — and that starts with finding talented entrepreneurs,” said Beyda, who leads Genacast Ventures. “Comcast Ventures, with the help of the Genacast and Catalyst funds, has provided unparalleled strategic and financial support for entrepreneurs just getting started. Identifying innovative leaders is the mission of all our partners, and the ability to support them with the assets from Comcast and NBCUniversal provides startups with a distinct advantage.”
Comcast has also collaborated with DreamIt Ventures to invest in minority-owned startups, including Philly outfits ROAR and LIA Diagnostics.