Blog

G2 Crowd Raises $55M to Transform the Way Businesses Buy Software

Chicago-based startup G2 Crowd announced that it raised a $55 million Series C round, which it will use to increase its headcount by 500% and further disrupt the $3.7 trillion enterprise technology market. The round was led by IVP, with participation from Accel and Emergence Capital, and brings the company’s total funding raised to $100 million. This is one of the…

Chicago’s Startups Continue to Lead the Nation in Returns

PitchBook revealed its 2018 Chicago VC Ecosystem report, released in conjunction with ChicagoNEXT’s Chicago Venture Summit. This report finds that Chicago continues to outpace other U.S. venture ecosystems — including the Bay Area — in median multiple on invested capital (MOIC). Chicago startups give investors a median MOIC of 5.6 times, considerably exceeding the city’s coastal counterparts. (MOIC is calculated…

Chicago’s Multiple on Invested Capital is Highest in the Country

This week, PitchBook published its 2018 Chicago VC Ecosystem report, released in conjunction with ChicagoNEXT’s Chicago Venture Summit. This report finds that Chicago’s ecosystem is strong and, among other achievements, continues to outpace other U.S. venture ecosystems — including the Bay Area — in median multiple on invested capital (MOIC). Download the report here.

Chicago Unites To Showcase The Midwest Venture Ecosystem

U.S. News recently reported on why Chicago has become a top city for startups and entrepreneurs, highlighting the organization that works to promote the city’s technology industry, ChicagoNEXT. On Tuesday, ChicagoNEXT will host its fourth Chicago Venture Summit, the region’s flagship VC conference, where VC firms from coast to coast convene with Chicago’s top entrepreneurs and community supporters to highlight and nurture the…

The Top 2018 VC Investment Trends in the Midwest

Last week, Chicago-based startup Tempus announced that it raised a $110 million Series E round led by Baillie Gifford. This is the biggest VC round the Midwest has seen so far in 2018, and it prompted me to take a closer look at the other large Midwest VC deals this year and which industries received the most dollars.…

3 Unexpected Outcomes of Having All Women Speakers at a Tech Conference

In addition to my role as the Director of Platform at Hyde Park Angels, I’m also the Co-founder and President  of Intermitten, a conference that highlights and nurtures Midwest entrepreneurship through diversity & inclusion, conscious community engagement, and creative collaboration. The following article was originally featured on Intermitten.org. A few weeks ago, Intermitten hosted our…

Why Midwest Capital is Fueling Rockets, Electric Cars, and the Heartland

I’ve talked about how Midwest startups with coastal connections attract capital and why investors outside the Midwest want in. In fact, a recent analysis of PitchBook data shows that Chicago startups alone received $1.7 billion in venture capital funding last year through deals with at least one non-Illinois investor. While this is certainly noteworthy, what is perhaps more…

Why Michigan is the Midwest’s Most Improved Startup Community

PitchBook’s recent report on the 3 critical factors for a strong venture ecosystem — density, resources, and talent — led me on a quest to find where, beyond the typical major cities discussed in the venture world, we see these factors crystallizing in emerging ecosystems. I didn’t have to go far; my research led me across Lake Michigan to the…