The Washington Post: D.C. start-up incubator 1776 merges with Philadelphia co-working space
District start-up incubator 1776 has merged with a Philadelphia-based co-working space called Benjamin’s Desk, a company spokeswoman confirmed Monday, capping off a slew of executive departures and false starts for the fledgling tech incubator.
News of a potential merger was first reported in mid-September by Glen Hellman, a business consultant and executive coach who runs a tech blog.
Evan Burfield, 1776’s chief executive, will cede leadership to Benjamin’s Desk co-executives Anthony Maher and Jennifer Maher, who will become co-executives of 1776. The combined company will be branded 1776 and function with separate headquarters in Philadelphia and the District. The company’s venture fund will continue to operate as a separate legal entity owned by 1776 investors (Read the article here).