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May 2, 2013 05:14 am GMT

Philz Coffee Raises Eight-Figure Round From Summit, Angels, As Specialty Coffee Market Heats Up

Screen shot 2013-05-01 at 8.29.12 PMI've found that when people visit San Francisco, it's not unusual to hear them ask something like: "No seriously, is there a coffee shop on every block in this city?" Yes, San Francisco likes coffee. So do a lot of cities. Busy people thrive on coffee, especially in the tech industry. In fact, some would even say that a substantial amount of coffee is an essential ingredient to success.

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