Rising From the Ashes Chicagos Entrepreneurial Ecosystem Lynda M Applegate Alexander Meyer Talia Varley 2016
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Title: I love talking about entrepreneurship — this is a major topic for me. I can’t explain why, but I just started to love this concept way more than I ever did. This is because I have learned a lot about the history of innovation and how it all started, and I believe we could learn so much from these stories. In my opinion, Chicago is one of the top cities globally when it comes to entrepreneurship. And this is something worth talking about. R
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What led you to the entrepreneurial ecosystem of Chicago? This is a popular question that is often asked by potential entrepreneurs considering moving to Chicago or by current business owners considering a move to the city. I have experienced a similar question, so let me share my journey, which led me to where I am today: I have always been a risk-taker. Growing up in rural Pennsylvania, I had always been an adventurous kid. I was the last of five children, and my parents taught us to be responsible for ourselves.
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“For decades, Chicago, a city with many great accomplishments and successes, remained a city with the “changing of the guard” syndrome. Newly elected mayor Rahm Emanuel’s bold promises to invest in neighborhoods, bring jobs and investment to underserved and blighted neighborhoods, and focus on affordable housing, seem to signal a new chapter in Chicago’s history. The old “Changing of the Guard” is over and in its place is the “Moving of the Guard.” As the old guard members are replaced by new ones
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“I remember the day I took a leap of faith and quit my job in Wall Street to launch Rising From the Ashes — a luxury eco-lifestyle brand that sells luxury goods made by disadvantaged women. My journey was long, expensive, and heart-wrenching, but I did it — and in doing so, I created a platform to empower women who may have otherwise gone unnoticed.” – Tell us about the unique selling point (USP) of your brand that makes it stand out. What’
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“Chicagos entrepreneurial ecosystem is a place for startups. Invest in early-stage companies. These days, a startup is almost indistinguishable from a new corporation in every respect, save for two: a startup is not for sale,” as quoted by BizSense. The story goes on that Chicagos innovative economy, which includes 186,000 startups, a “dream city,” boasted of having over 3,000 companies with more than 64,0
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Rising From the Ashes Chicagos Entrepreneurial Ecosystem Lynda M Applegate, Alexander Meyer, and Talia Varley 2016 The chasm between the aspirations of entrepreneurs and venture capitalists, the gap in funding and the lack of recognition are realities in the entrepreneurial ecosystem in the city of Chicago, as detailed in our study on the same topic in 2016. check this site out There are still many barriers, including, poorly-developed funding