Best startup companies in Chicago
From left, startup founders Samir Mayekar, Erik Severinghaus and Rahier Rahman
It's a city filled with incubators, investors and top-notch research universities. So, for entrepreneurs in Chicago, the question is not whether to start a business—it's what kind of business to start.
Here and nationwide, hot startups are tapping into mega-trends that are shaping the future of business. Collecting data and crunching it into usable insights. Customizing for consumers—everything from online shopping to travel bookings. Catering to the new, run-lean corporate climate with ventures that help companies do more with less.
The buzz phrases: Curated products and services. Big data. The mobile experience. Business to business. Machine to machine. Crowdsourcing.
No matter what the idea, investors seek certain qualities in startups. “We're looking for entrepreneurs who have a product built, customers and market acceptance, and then we'd look to fund them, ” says, founder and CEO of Wavetable Labs, Viewpoints.com, Built In Chicago and FireStarter Fund.
A startup doesn't have to be mind-blowing or culture-changing, adds, general partner at Chicago investment firm Apex Venture Partners. “Chicago is not necessarily the best place for someone to start the next Tumblr or Facebook, but for companies looking to solve a very specific business problem—you can define the problem, you can say how you're going to make money—that's the sweet spot, ” Mr. Chow says.
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