Illinois Sees Greater Investor Returns

The Hyde Park Angels team conducted a deep dive analysis into the Midwest Venture Capital ecosystem by aggregating and assessing data from Pitchbook, the U.S. Census, the Bureau of Economic Analysis, and the Illinois Venture Capital Association. We defined the Midwest, also classified as the Great Lakes Region, as Illinois, Indiana, Ohio, Michigan, Minnesota, and Wisconsin.

* The Midwest Is the Biggest Venture Capital Presence Outside of California. Chicago leads the nation with the largest number of exits that produced returns over 10x.

* Illinois Leads the Midwest Venture Capital Ecosystem. At $1.94B in dollars invested across 227 deals in 2017, Illinois startups received more investment than all other Midwest states combined.

* Illinois Sees Greater Investor Returns and Lower Company Operating Costs Than Rest of Nation. This trend has been going on since 2014 and represents a flight to quality.
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