Founder and CEO Shauna Tellerman will make the move, putting her closer to Levinson Partners, a San Francisco venture firm, which is a new investor in Sim Ops, according to the Pittsburgh Business Times.
Perhaps this news is cause for hand wringing, but I'm more inclined to celebrate. The Entertainment Technology Center (ETC) at Carnegie Mellon University continues to produce start-ups worthy of substantial venture capital. As long as the ETC is still located in Pittsburgh, most of the knowledge spillover will remain local.
While Pittsburgh venture capital works through its conservative phase, the ETC creativity engine will continue to churn out quality graduates and business spinoffs. That Pittsburgh is the incubation site of such innovation is exciting. The entrepreneurial landscape will eventually mature. In the meantime, bring your ideas to Pittsburgh if you are interested in funding for a new business.