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Showing posts with label jeff malehorn. Show all posts
Showing posts with label jeff malehorn. Show all posts
Thursday, July 02, 2015
Tuesday, May 19, 2015
Tech Leaders Talk Chicago’s Strengths, Weaknesses at iCONIC
Tech Leaders Talk Chicago’s Strengths, Weaknesses at iCONIC
Jim Dallke
Chicago Inno
19 May 2015
Three of Chicago’s most influential business leaders took the Chicago Theatre stage Tuesday to speak—mostly glowingly—about Chicago’s emerging tech scene, but also admitted where the city needs to improve when it comes to establishing itself as a leading tech hub.
J.B. Pritzker, 1871 CEO Howard Tullman, and World Business
Chicago CEO Jeff Malehorn spoke at Inc. and CNBC’s iCONIC conference to discuss
Chicago’s entrepreneurial ecosystem. Each hit on topics that might be well
known by those who’ve been in the Chicago tech community for a while, but the
talk introduced the city’s tech ecosystem to out-of-town attendees.
First, Chicago tech has seen a huge evolution in the last 10 years, Pritzker said, with one of the biggest changes being the city’s growing acceptance of failure. A failed business would be ridiculed on the front page of the newspaper a decade ago, whereas today startups are beginning to embrace failure, and you’re seeing that will serial entrepreneurs in the city, Pritzker said.
Chicago is also starting to slowly shake its conservatism in
business, particularly when it comes tp VCs investing in startups, Pritzker
added. More venture dollars are coming to Chicago tech companies, and local VCs
are willing to take more of a risk.
But Chicago tech companies have retained positive aspects of
that conservative business mindset, Pritzker added, in that they have
profitability and revenue in mind from the get-go, a characteristic that
separates Chicago from many Silicon Valley startups.
Tullman added that a distinct characteristic of entrepreneurs today is that they want to make a difference.
“Entrepreneurs want to not just make a living, but make a
life,” he said. “Money alone is not going to make you happy.”
Malehorn said it’s that mindset sets Chicago apart from
other tech hubs, as many entrepreneurs take part in civic causes.
“If you adopt a civic cause, you’ll stand and out,” he said.
“And if you don’t adopt a civic cause, you'll stand out.”
But Chicago has a ways to go before it reaches the level of
a tech hub it wants to be, the panel acknowledged, and one big area of
improvement is retaining tech talent. The University of Illinois produces more
engineers per year than the next four top engineering schools combined,
Malehorn said, and many leave for companies on the coasts.
“We need better connectivity to our university systems,”
Malehorn said. “We want engineers to think about Chicago as their first stop
when building their career.”
And inevitably, the question of if Chicago can be the next Silicon Valley came up, to which Priztker responded: “We don’t want to be the next Silicon Valley,” and a quiet applause grew from the crowd.
“We aspire to be a great tech hub with great entrepreneurs.”
Wednesday, December 10, 2014
Tuesday, December 02, 2014
Thursday, July 24, 2014
Wednesday, October 02, 2013
Friday, September 27, 2013
How to turn more startups into growth companies
How to turn more startups into growth companies
By John Pletz
http://www.chicagobusiness.com/article/20130924/BLOGS11/130929895
By John Pletz
http://www.chicagobusiness.com/article/20130924/BLOGS11/130929895
Want to know what it takes for Chicago's startups to take it the next level?
I'll be sitting down Oct. 2 with some of Chicago's best-known entrepreneurs and ringleaders from the tech community to find out.
My guests include Fred Hoch, CEO of the Illinois Technology Association; Seth Kravitz, co-founder of Technori and Bow Truss Coffee; Jeff Malehorn, CEO of World Business Chicago; Jim O'Connor Jr., co-founder of the Chicagoland Entrepreneurial Center and managing director of investment firm MVC Capital; and Howard Tullman, founder of Tribeca Flashpoint Media Arts Academy and managing partner of venture fund G2T3V LLC. It's part of Crain's Small Business Week.
It's a lively group of smart folks who I know aren't afraid to call 'em as they see 'em. Join us for what promises to be an entertaining conversation at 8:30 a.m. Oct. 2 at Edwards Wildman Palmer LLP, 225 W. Wacker Drive.
Chicago's startup scene continues to grow, but the big challenge ahead is transforming small companies into high-growth businesses with big budgets and payrolls. In his own blog post this week, Mr. Hoch contends Chicago has one of the nation's deepest pools of high-growth companies with revenue between $2 million and $250 million.
“These organizations make money, drive revenue and increase business," he wrote. "They are not always 'sexy' — or the next big thing — but they are the backbone of Chicago tech. . . .As these companies take on more talent and capital, they are beginning to shape Chicago's national identity.”
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