startup

Sarah Derry

Subscribe to win $250!

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Subscribe to SWC's YouTube Channel for the chance to win $250!

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Check out SWC's TV shows Beers with Brad and Silicon City!

 

SUBSCRIBE NOW!

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Erica Grigg

GetLusty for Couples Goes Down & Then Comes Back Up Again

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File 24403Across Chicago today, the weather couldn’t be better. What better way to celebrate that than turn off our website? Because that’s just what we’re doing. GetLusty shuts down today in celebration of your amazing relationship.

Don’t worry your little heart, though, fellow Chicago startups. The end of boring sex in a relationship near you is not in danger. We’re doing it for just a few hours. Not forever. Just enough time to get our new website live and for you to get curious.

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Sam Schiller

Help jumpstart chicago green enterprises at Boost - May 8th

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Promote

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So you’ve got a great startup idea. But what do you do with it? Do you have a business plan? Do you have a business partner or any idea where you’ll go for financial backing? How will you support yourself while you’re figuring these things out? How will you even learn how to do them?

Promote

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Guy Turner

TECH: The land of giants and what it means to your startup

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Warning: If you don’t like colorful data or linking together abstract concepts, hit the back button and find a USA Today!

Follow @guyhturner

TECH IS A GIANT LAND OF GIANTS

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Comments

Matt Moog

Guy - another great post. Thanks for the time and thought you put into these. Here is my question for you. Does looking at the whole universe of public companies or just the top 20 public companies skew the conclusion that industries are dominated by the giants? Even here in this market public digital companies make up less than 10% of our digital employment. And on a related note, I think I have read that a less than 20% of the companies on the Inc 500 raised venture money. As an early stage investor will you fund someone who tells you that building a $20mm annual revenue company would be considered success?

Guy Turner

Matt, thanks as always for your thoughtful comments and questions.

The stacked bar chart shows that relative to other industries, public tech companies tend to skew larger. That is not to say there isn't a very long tail of both public and private companies in tech, as in all industries. The existence of these giant tech companies shows that the drivers of value consolidation are particular powerful in tech - network effects, standards wars, etc. This matters to the long tail of startups because tech's powerful platforms impact the optimal strategies for small digital companies.

I love your $20M question. This is where small funds and large funds have different constraints. A $1B fund cannot invest in the hopes of a portco only hitting $20M in revenue. They can't get enough money to work with enough of a return to make it worthwhile. A $25M fund, like HPVP, is quite different. We have and will again invest in companies believing $20M in revenue is a good outcome. Also, raising venture capital is not a measure of success for every (or most) businesses. I tell entrepreneurs this all the time.

Alex Fedotov

I, personally, think the local markets are the best 'niches' (at least in a patchy country like this one).

Sarah Press

We are in Techstars Chicago!! Come celebrate with us!

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Since I started blogging on Built in Chicago, I’ve done my best to write posts that, while sometimes related to Project Fixup, are also thought-provoking, informative, funny, and relevant to my fellow Chicago entrepreneurs.

 

This is not one of those posts.

 

We were accepted into Techstars Chicago!!!!!!!!!!!!!!!!!!!!!!!!!!

YES! YES! YAY! HAPPY! YAY!

*fist pump* *happy dance* *karate chop*

 

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Comments

Datelivery .com

Congrats!

Adam Calica

Congrats!

Sarah Press

Thanks Adam! We're very excited.

Corey Haines

Great Job, Sarah! Keep up the good work. See you around this summer.

Sarah Press

Thanks Corey! Looking forward to seeing you as well!

Sarah Press

Thanks Corey! Looking forward to seeing you as well!

Peter Bruce

Here Comes the Sun

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2013 is poised to be a breakout year.  Not just for me, not just for you, but for the entire nation.  There is no doubt that the past several years have been some of the toughest in recent memory; Recessions, wars, mass shootings, fiscal cliffs, natural disasters  just to name a few.  But there is no denying the strong winds of change that have begun to blow. 

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Health 2.0 Chicago: Starting & Finishing 101 for Digital Health Startups

event details

April 13, 2013
from 9:30am to 5:30pm
address 1871
street 222 Merchandise Mart Plaza, 12th floor
city/town Chicago
website or map http://health2con.co…
organized by Chicago Health 2.0
type Conference 

event description

Chicago Health Tech and Health 2.0 is hosting a Digital Health 101 conference focused on fostering the growth of the health tech ecosystem in Chicago and the greater Midwest. We’re seeding the entrepreneurial community here with the know-how and tools to startup in digital health.

Conference Overview:

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Inspire Startups May Showcase

event details

May 15, 2013
from 6:00pm to 8:30pm
address Inspire Business Center
street 1016 W Jackson
city/town Chicago
phone 3126364818
website or map http://inspirestartu…
organized by Inspire Business Club
type Launch Networking Pitch Speaker 

event description

Inspire Startups gives Chicago's top early-stage startups the opportunity to showcase their solutions to 50+ startup-lovers and investors. This event combines the best of startup expos and networking in an intimate setting topped off with a pitch competition. Don't miss the opportunity to mingle with Chicago's elite startup community.

 

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