Entrepreneurs around the country are launching dynamic startups that have tremendous growth potential without the steep operational costs inherent to Silicon Valley. Look at a few of the multibillion-dollar exits to come out of Chicago: Grubhub, Braintree, and Cleversafe, to name a few.
The challenge with starting a Silicon Valley-like VC firm in Chicago boils down to a clash of cultures. The freewheeling Silicon Valley investment style doesn’t always mesh with conservative Midwestern business ethics. The solution? An investment community that’s willing to take major risks while serving as good stewards of capital.