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An Online Community for Digital Entrepreneurs and Innovators

The Digital Technology Startup Ecosystem in Chicago

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Page 1: The Digital Technology Startup Ecosystem in Chicago

An Online Community for Digital Entrepreneurs and Innovators

Page 2: The Digital Technology Startup Ecosystem in Chicago

Chicago has a long history of commitment to innovation, education and commerce

Nearly $500B gross regional product (GRP), 4.3M employees, 260,000+ businesses, 400+ major corporate HQs (27 Fortune 500),2 major global financial exchanges, 60 public & private post-secondary educational institutions, 261,000+ students, 500+ digital companies.

2Source: World Business Chicago and Built in Chicago

Page 3: The Digital Technology Startup Ecosystem in Chicago

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a dedicated and well-rounded ecosystem

Serial Entrepreneurs

Capital

Non Profit/Civic

Universities

Corporate HQ

Page 4: The Digital Technology Startup Ecosystem in Chicago

which has exploded with funding and support resources in the past few years

4

2010201020002000 20022002 20042004 20062006 20082008

Source: New World Ventures

20122012

Page 5: The Digital Technology Startup Ecosystem in Chicago

called “home” by globally recognized leaders

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Jason Fried is the co-founder and President of 37 Signals, co-author of “Rework”, and is invited to speak on entrepreneurship, design, management, and software all around the globe. 37signals’ products include Basecamp, Highrise, Backpack, etc. They also developed and open-sourced the Ruby on Rails programming framework.

Rishad Tobaccowala is the Chief Strategy & Innovation Officer at Vivaki and is one of the most influential thinkers in the North American advertising industry. Named by BusinessWeek as one of the top business leaders for his pioneering innovation (2005), and TIME magazine as one of five “Marketing Innovators.”

Brad Keywell and Eric Lefkofksy are the co-founders of MediaBank, Echo Global Logistics, InnerWorkings and Groupon who more recently started an investment fund, Lightbank, a $200M fund actively investing in Chicago-based startups.

Howard A. Tullman serves as President and CEO of Flashpoint Academy, Chairman and CEO of Experiencia, Inc., and President Emeritus of Kendall College, in Chicago. He is General Managing Partner for the Chicago High Tech Investors, LLC and a Director of The Cobalt Group and Passage Events in Seattle. He is also a Trustee of WTTW and an Adjunct Professor at Northwestern's Kellogg Graduate School of Management.

Harper Reed was recently appointed CTO, Obama for America, is the former CTO of Threadless, founder of CTAAlerts.com, Supertrackr.com, ProximityCheckin.com and technology pioneer.

Page 6: The Digital Technology Startup Ecosystem in Chicago

“Four leaders of Chicago's technology community, including billionaire venture capitalist J.B. Pritzker, are spearheading an effort to launch a Chicago technology center for startups. The goal is to have the center open by the end of the first quarter of 2012.” – Chicago Tribune

with a developing co-working center

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Page 7: The Digital Technology Startup Ecosystem in Chicago

dedicated to supporting digital companies across multiple segments and industries

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Page 8: The Digital Technology Startup Ecosystem in Chicago

who collectively generate >15,000 jobs in Chicago

8Source: Built in Chicago Top 50 Digital Employer Listing

Page 9: The Digital Technology Startup Ecosystem in Chicago

and contribute significantly to the growth of the economy

9Source: New World Ventures, Capital IQ, VentureSource

Page 10: The Digital Technology Startup Ecosystem in Chicago

by investing in the next generation

Page 11: The Digital Technology Startup Ecosystem in Chicago

supporting the acceleration of new venture formation and funding

11Source: New World Ventures, Capital IQ, VentureSource and Built in Chicago

Page 12: The Digital Technology Startup Ecosystem in Chicago

attracting significant capital from investors both in and outside of Chicago

12Source: New World Ventures, Capital IQ, VentureSource and Built in Chicago

Page 13: The Digital Technology Startup Ecosystem in Chicago

producing 14 IPOs and 15 acquisitions >$100M between 2000-2011

13Source: New World Ventures, Capital IQ, VentureSource and Built in Chicago

IPO

s

Acqu

isiti

ons

Page 14: The Digital Technology Startup Ecosystem in Chicago

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Questions?Contact Maria Katris at [email protected]