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…

Why Top VCs from Outside the Midwest Want In

As the Midwest startup ecosystem continues to grow, top investors from outside the region increasingly show that they are watching and want in — especially when a repeat entrepreneur is at the helm of a budding startup. To validate this assertion, my firm, Hyde Park Angels, decided to dig into the numbers. Between 2016 and today, coastal…

State of Midwest Investments Series: Chicago Edition

The State of Midwest Investments Series assesses top startup rankings culled from sources like award ceremonies, revenue growth lists, and holistic predictions to evaluate how Midwest startups are performing six months, one year, and two years out from being ranked. We specifically evaluate additional capital raised, new stage of investment, new hires, and current investors…

Where the Alternative Finance Market Is Headed

As technology continues to disrupt, transform, and enhance established industries like finance, education, and healthcare, we have tracked the resulting intersections and developments to better understand the different market landscapes. Recently, we brought together leaders in the alternative finance market Al Goldstein (Founder and CEO, Avant), Rumi Morales (Executive Director, CME Ventures), Scott Rose (Leader,…

What We Learned About Emerging Innovation Trends in the Midwest from the Chicago Venture Summit

Since launching eighteen months ago, the Chicago Venture Summit has quickly become a mecca for venture capitalists across the country to learn more about and meet with Midwest tech startups on the rise. Last year’s participating startups alone have raised $220.87M since presenting, and this year’s lineup will likely be on pace to do the…