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Brett Hurt has a history of backing Wharton entrepreneurs. He was one himself back in 1999, when student entrepreneurship wasn’t really a thing.
Austin, Texas-based angel investor Brett Hurt is one of ChargeItSpot’s newest investors, according to a Philadelphia Business Journal story. (The Center City cellphone charging station company closed a $3.2 million round last December and continues to fundraise. It also added a high profile advisor: Modell’s exec Deborah Fine. Fine, who was also on the board of suburban ecommerce company Pet360, declined to disclose if she was a ChargeItSpot investor.)
Hurt, who runs Hurt Family Investments, got his MBA from Wharton in 1999 — while in school, he founded a venture-backed startup that imploded when the bubble burst — and has a history of backing Wharton entrepreneurs. ChargeItSpot founder Doug Baldasare got his Wharton MBA in 2012; TalkLocal founder Manpreet Singh got his in 2009. Hurt Family Investments has also invested in Monetate (current CEO Lucinda Duncalfe got her Wharton MBA in 1991, though it’s not clear if Hurt invested in Monetate before she was appointed CEO last summer) and is a donor to the Wharton School’s Entrepreneur Fund, according to Hurt’s website.
Hurt was something of an anomaly while he was at Wharton, since most of his classmates eyed careers in banking and consulting. That has since changed, and Hurt wrote about witnessing that shift when he returned to Wharton as an entrepreneur-in-residence in 2013. (He does so every year, he told us.)