on news

footer news ticker

resources.

ON POINT: VC AND PE FIRMS ARE TARGETING MIDWEST TECH COMPANIES — HERE’S WHY

Apr 16, 2018 | Baillie Parker, ON Blogs

midwest-tech

It was only a matter of time for venture capital and private equity firms to turn their attention (and their dollars) to technology companies based in the Midwest.

After all, technology firms are sprouting up across the U.S., in the Midwest, the South, and the Mountain states. Among other attributes, these areas tend to boast a lower cost of living than the pricey tech hubs, and that also contributes to more modest business valuations. Meanwhile, greater San Francisco saw a net outflow of population in 2016 and 2017, according to U.S. census data, and economists attribute that trend to the area’s high cost of living.

With more conservative business valuations in mind, private equity and venture firms based in Boston, New York, and San Francisco are more actively investing in Denver, Minneapolis, Chicago, Cleveland, Dallas, and elsewhere.  Other PE and venture firms are pulling up stakes and relocating their own shops to these regions.

Once invested in the region, PE and venture firms often seek executive talent as they rework company management teams. From its foundations as a tech-oriented executive search firm, with active tech practices in both these regions and the tech hubs, ON Partners offers a knowledge of these mid-market cities and the resident talent that is unmatched by other search firms.

Baillie Parker, a Minneapolis-based Partner at ON Partners, reports that, “Yes, there is good depth of tech talent outside the tech hubs.  We work in so many markets that when I do a search for a company based, for instance, in Indianapolis, I know that market, and I also know the surrounding markets of Denver, Cleveland, Chicago, and Milwaukee.  It is more realistic to target the greater region, rather than expecting to recruit someone from the Bay Area.”

 

CONTACT US

Archives

+

connect with ON.

Bring ON executive search insights!
Sign up to receive thought leadership pieces, ON in the news, recent placements, quarterly updates and more.

ON resources.

ON in the news

WHAT I’VE LEARNED AS A FIRST-TIME BOARD MEMBER

After a Year on EMCORE’s Board, Bruce Grooms Offers Advice to Freshmen Appointees   With over 30 years of executive leadership experience, Bruce Grooms understands how to build, transform and manage complex organizations. As a highly decorated career submarine...

BLUE PLANET CASE STUDY – PARTNERSHIP OF TRUST LEADS TO KEY HIRES

The Challenge   Described by The Baltimore Sun as the “world's biggest player in optical connectivity,” Ciena (NYSE: CIEN) is a telecommunications networking equipment and software services supplier offering products and services that support the transport and...

8 KEY TRAITS TO LOOK FOR IN A CEO IN 2020 AND BEYOND

Key CEO Attributes to Look for in 2020 and Beyond Connect With ON Written by Baillie Parker  Published September 2020 - From a leadership and hiring standpoint, transforming businesses and driving change is no easy task. To accomplish the kind of sweeping,...

ON successful placements

SUCCESSFUL PLACEMENT: FRONTDOOR – VP, COMMUNICATIONS & PR

Frontdoor, Inc. Names Former Marriott Exec to Vice President, Communications & Public Relations   Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans, has appointed Allison Sitch to Vice President, Communications & Public...

SUCCESSFUL PLACEMENT: QUALIFACTS – VP, ENGINEERING

Sid Dutta Named Vice President of Engineering at Qualifacts Connect With ON Qualifacts, one of the most trusted technology providers of Electronic Health Records (EHR) for behavioral health and human services organizations, has appointed Sid Dutta to Vice President,...

a better experience gets recognized.

ON Partners named to the Weatherhead 100 Case Western University annual ranking of the region’s fastest growing companies
ON Partners named by Boston Business Journal’s Largest Executive Search Firms and Minneapolis/St. Paul Business Journal’s Twin Cities Largest Executive Search Firms
ON Partners six time Inc. winner by being name to the Inc. 500/5000 Lists and to the Inc. 5000 Hall of Fame
Hunt Scanlon names ON Partners executive search firm to the Private Equity Recruiting Power 75 list
Business Insider ON Partners Executive Recruiters
Fortune ON Partners Executive Search
Fast Company ON Partners Executive Search Consultants
ON Partners named by Forbes as one of America’s Best Executive Recruiting Firms

ANNAPOLIS • ATLANTA • BOSTON • CLEVELAND • DALLAS • MENLO PARK • MINNEAPOLIS • NEW YORK • SAN FRANCISCO

© Copyright 2019 On Partners. All Rights Reserved.