Illinois nonprofits hope mentors and real-world projects will improve diversity in STEM classes

Illinois has the unique distinction of producing more top STEM talent than almost any other state, and it continues to produce a record number of STEM degrees each year. But when it comes to the diversity of STEM talent, it’s a different story. A report from the Illinois Science and Technology Association found that in computer science, 16.7 percent…

How Illinois Universities Power the Chicago Startup Ecosystem

Ten years ago, Chicago was not a major player in the startup ecosystem. Now, it’s one of the most important cities in tech. In fact, the overall Illinois rate of startup growth is 68.85%, and Chicago itself has been consistently ranked first for VC returns. It’s been named alongside Boston, Los Angeles, and Austin as one of…

Illinois tech companies working to retain local engineering grads

Illinois is the second largest producer of computer science graduates in the country. In fact, in 2016, Illinois produced a record 40,400 STEM degrees. Yet research collected by the Illinois Science and Technology Coalition shows Illinois still has room to grow. Specifically, while Illinois ranks 15th in the country for retaining computer science graduates, 45 percent of…

How female founders are faring in the Midwest

Women remain underrepresented in tech, even as the industry tries to address jaw-dropping statistics about their absence in tech’s upper echelon. Less than 3 percent of female founders raised venture capital in 2017, even though in the first quarter of 2017, 17 percent of startups reported having a female founder. On the venture capital side, less than…

Why Ohio health care startups saw a 206% funding increase

While there are a number of Midwestern cities that are home to promising health care startups, including Minneapolis and Chicago, Ohio is quickly positioning itself as a major player. The state has seen an influx of funding to health care and life sciences startups, and it produced one of the biggest Midwest startup exits of…

Illinois tech organizations are working to close the diversity gap

Diversity is a major topic of conversation in tech, but so far, that conversation hasn’t significantly improved representation of women and minorities in the industry. In a recent survey conducted by First Round Capital, nearly 68 percent of founders across the country believe that the tech industry will not become representative of the general population in terms…

How SkinnyPop Led the Better-for-You Trend

People First is the Hyde Park Angels podcast dedicated to deconstructing entrepreneurial success into actionable takeaways you can use today. Hyde Park Angels is the most active early-stage investor in Chicago with a commitment to taking a “people-first approach” to investing. By matching our members’ expertise with entrepreneurs’ needs, we help develop top-performing companies that are delivering…

The Best of the Rest: More Answers to Your Term Sheet Questions

Hyde Park Angels recently hosted The Ultimate Entrepreneur’s Guide to Term Sheets, led by our Principal, Michael Sachaj. In the webinar, Michael broke down and demystified term sheets. The full recording is now available, but we wanted to share an added bonus. During the webinar, Michael answered several questions from the audience, but missed out…

This is How You Win the Term Sheet Negotiation Game

As an entrepreneur you might not even think about a term sheet until you are late into the fundraising process. However, understanding term sheets is essential to coming from a position of strength in the negotiations process and ensuring you make the right decisions for your business. We sat down with Michael Sachaj, Principal at…