Story excerpt provided by TechCrunch.
Written by Tom Walker, CEO of Rev1 Ventures.
In the age of unicorns and record-level private-market valuations, there are those who warn that the dreaded startup bubble is bearing down upon us again. That’s understandable. In recent years, many highly anticipated tech IPOs hit their peak… just before going public. Since 2011, almost half of those highly valued companies are now trading either flat or below their initial public offering share prices.
As Silicon Valley startups continue chasing private valuations, entrepreneurs in the Midwest are following an entirely different approach. Our goal is the same — to build world-class businesses based on innovative technologies that create new wealth — but our approach is entirely different.
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Originally published December 23, 2015.