May 28, 2022

For those of us who Two stories are ubiquitous in the venture capital industry: the story of how much capital has been invested lately; You’ve seen the data – 2020 and 2021 set nearly every world record for private market investment.

Another story that comes up over and over again is that less or negative progress among venture capitalists tends to invest in more diversified founders. The all-encompassing nature of the last story makes it all the more unsettling. The data clearly illustrates this huge problem; Why has nothing changed?


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But there are grounds for cautious optimism. The exchange recently collected data on the venture capital landscape in the Midwest, with a particular focus on the Chicago area. Thanks to M25 data, Crunchbase data compiled by Chicago-based P33, a venture capital firm with a geographic focus in the Midwest, and interviews with a number of local investors and founders, the story emerges that the ratio can be reversed if it makes sense to invest.

Easy? impossible? Yes. is it worth doing? Definitely.

To better understand what’s going on in Chicago and the Greater Midwest, we spoke to Desiree Vargas WrigleyExecutive Director of TechRise, Project P33; Stella Asholou, Founder and CEO of WeSolv and co-founder of Fifth Star Funds; As well as Kristen SundayCo-founder of Paladin and partner of LongJump.

Let’s start with M25’s data on how they see it as possible to invest in more diversified founders in their field, and then narrow down our lens before the Chicago numbers change. We then bring in notes from active players working to change the industry.

Chicago State Union (Midwest)

M25 invests in the Midwest but is based in Chicago. The company recently released an update to its regular series of Variety reports that piqued our curiosity. Why? Because the company not only reports on investments, it also provides insight into how those investments were made.

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