The Digital Technology Startup Ecosystem in Chicago

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Built in Chicago

Built in Chicago

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  • Sources: World Business Chicago and Built in Chicago
  • Source: New World Ventures “The Place”
  • Source: New World Ventures “The Place”
  • Source: New World Ventures, Cap IQ, VentureSource.
  • Source: New World Ventures, Cap IQ, VentureSource.

Transcript

  • 1. An Online Community for Digital Entrepreneurs and Innovators
  • 2. Chicago has a long history of commitment toinnovation, education and commerceNearly $500B grossregional product (GRP),4.3M employees,260,000+ businesses,400+ major corporateHQs (27 Fortune 500),2major global financialexchanges, 60 public &private post-secondaryeducational institutions,261,000+ students, 500+ddigital companies. Source: World Business Chicago and Built in Chicago 2
  • 3. a dedicated and well-rounded ecosystem Serial Capital Entrepreneurs  Non Profit/Civic Corporate HQ Universities 3
  • 4. which has exploded with funding and supportresources in the past few years 2000 2002 2004 2006 2008 2010 2012 Source: New World Ventures 4
  • 5. called “home” by globally recognized leaders 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. 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. 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 Northwesterns 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. 5
  • 6. with a developing co-working center “Four leaders of Chicagos 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 6
  • 7. dedicated to supporting digital companies acrossmultiple segments and industries 7
  • 8. who collectively generate >15,000 jobs in Chicago Source: Built in Chicago Top 50 Digital Employer Listing 8
  • 9. and contribute significantly to the growth of theeconomy Source: New World Ventures, Capital IQ, VentureSource 9
  • 10. by investing in the next generation
  • 11. supporting the acceleration of new ventureformation and funding Source: New World Ventures, Capital IQ, VentureSource and Built in Chicago 11
  • 12. attracting significant capital from investors bothin and outside of Chicago Source: New World Ventures, Capital IQ, VentureSource and Built in Chicago 12
  • 13. producing 14 IPOs and 15 acquisitions >$100Mbetween 2000-2011 AcquisitionsIPOs Source: New World Ventures, Capital IQ, VentureSource and Built in Chicago 13
  • 14. Questions?Contact Maria Katris at maria@builtinchicago.org 14