Fast Company | The Windy City has a strong startup culture, lots of federal research dollars, and talented fourth-generation entrepreneurs, says Fast Company magazine. In an article on Chicago’s business culture, Fast Company interviews Matt McCall, a partner at New World Ventures and managing director at DFJ Portage. McCall notes that Chicago is home to many of the largest companies in the U.S., and that the city “is where many Internet mainstays were launched, from the jobs site CareerBuilder and travel service Orbitz to RSS technology innovators Feedburner.”
McCall describes a typical Chicago entrepreneur as “incredibly capital efficient because obviously capital is scarce in the Midwest…they tend to be very collaborative and cooperative.”
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I don’t know how many times I’ve been wondering about this. Thank you for clearing things up. I just hope I can remember all this the next time I need it.