Early Stage Accelerator & Coworking Trends · 2020. 7. 9. · Jim O’Connor Interim CEO &...
Transcript of Early Stage Accelerator & Coworking Trends · 2020. 7. 9. · Jim O’Connor Interim CEO &...
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Jim O’Connor
Interim CEO & Co-Chairman of the BOD
Chicagoland Entrepreneurial Center / 1871
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But this is new…
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Startups Launched
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… and driven by new opportunities
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Chicago’s Strengths
• Human Capital
– World-class Universities – Serial Entrepreneurs
• Financial Capital – Strong local Venture Capital firms – Angel Investors for early-stage
investing
• Social Capital – City and State Government
support – Community Support Orgs
• Fortune 500 Corporations – 31 in Illinois (4th highest state) – Chicago has 8 (6th highest city) – 25% are in the Greater Midwest
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However, Chicago has 3 key challenges
• Technology Talent
• Startup Chicago working with Corporate Chicago
• Where do Startups live?
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January 5th, 2012
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Grand Opening: May 2nd, 2012
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The central address for Chicago’s Startups
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Key Partners
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1871 by the Numbers
240 Startups
3000 Mentoring Hours
135 Workshops
313 Events
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They come to 1871 for Programming
Notable Mentions: Steven Baird, Baird & Warner Jack Giarraputo, Happy Madison Productions Rich Gamble, Chicago Magazine
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And Speakers
Howard Tullman: There are an Increasing Number of Things You Know Nothing About
Michael Sippey, VP of Consumer Product, Twitter
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And Hackathons, Meetups, Startup Weekends, Talks
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Who’s at 1871
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What this means for Chicago
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Why this works: Government Support
Newark Mayor Corey Booker
Mayor Emanuel, Kevin & Gov. Quinn
British Prime Minister David Cameron
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Why this works: Corporate Support
YouTube Founder Steve Chen Microsoft CEO Steve Ballmer
Twitter CEO Dick Costello Sun Microsystems Founder Scott McNealy & UIUC’s Rob Rutenbar
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Hoping to inspire the world!
Leonel Fernandez, former President of the Dominican Republic
Anand Sharma, Minister of Commerce and Industry of India
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The Future of Chicago’s Tech Economy Looks Bright
– “Chicagoness”
• Public & private sector support
– Connecting startup & corporate Chicago
– Mayor Emanuel’s VC Summit
– Keeping talent in Chicago
– Communities like 1871
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