Venture capitalist and philanthropist J.B. Pritzker believes the challenges of growing a young tech company today are comparable to what entrepreneurs faced coming out of the last recession in 2002.
“It’s clear that for the next few years we will be in survival of the fittest mode for both startup companies and venture capitalists,” he said.
Pritzker, 44, has devoted much of his career to funding tech startups as a founding partner of New World Ventures (which recently relocated to the Loop from Evanston) and co-founder of the Illinois Innovation Accelerator Fund (i2a), which makes seed investments in local companies. He will be honored with the Richard J. Daley Medal award this evening during a ceremony hosted by the Illinois Venture Capital Association.
It's survival of the fittest for young tech startups :: CHICAGO SUN-TIMES :: Brad Spirrison