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I might argue some of the finer points of your assertions, but in general I believe you are correct. The existing investor community in Chicago did not make the
by chrisduesing 13y ago
I might argue some of the finer points of your assertions, but in general I believe you are correct. The existing investor community in Chicago did not make their money in tech startups, and therefore are more apprehensive to invest pre-revenue and at what have become industry standard terms.
Ultimately I think people like Andrew staying, investing and leading the way is what we need to make that transition to the next level.