Chicago has transformed from being a technological desert to birthing tech startups that have achieved more than $50 billion in collective market value — but it’s still a challenge to attract startup capital and to keep young talent from fleeing to Silicon Valley, venture capitalist and billionaire J.B. Pritzker said Thursday.
Local successes reflect “real companies with real revenue that focus on profitability,” but at the same time, a dearth of local capital exists for still-fledgling ideas, Pritzker said in a keynote speech to the CFA Society of Chicago, a group representing financial analysts and investment professionals that met at the University Club of Chicago.
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