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John Pletz
Verified
Senior Reporter, Crain's Chicago Business
Illinois
Beats
arts & culture and politics on a local and national level.I cover topics involving social issues
Daily news, opinion
Content
By John Pletz Verified| Crain's Chicago Business Verified Venture-capital funding in Chicago remained wobbly at best in the first three months of the year, even as Silicon Valley rode a massive artificial intelligence tailwind driven by ChatGPT creator OpenAI. The amount of money invested in Chicago-area companies in the first quarter was down 25% from a year ago and 22% from the fourth quarter of 2024, according to PitchBook data. At $575 million, the funding total is largely where it was before the pandemic, as was the number of deals at 74.
By John Pletz Verified| Crain's Chicago Business Verified United Airlines doesn't want to lose CEO Scott Kirby, so it nearly doubled his compensation last year to $33.9 million from $18.6 million. The increase puts Kirby into an elite category among Chicago executives paid more than $30 million a year, alongside Greg Brown, CEO of Motorola Solutions. United and Motorola were two of the top-performing Chicago stocks last year. Kirby’s pay bump was fueled by incentives designed to keep him and other top executives from leaving the airline.
By John Pletz Verified| Crain's Chicago Business Verified Venture-capital funding in Chicago remained wobbly at best in the first three months of the year, even as Silicon Valley rode a massive artificial intelligence tailwind driven by ChatGPT creator OpenAI. The amount of money invested in Chicago-area companies in the first quarter was down 25% from a year ago and 22% from the fourth quarter of 2024, according to PitchBook data. At $575 million, the funding total is largely where it was before the pandemic, as was the number of deals at 74.
Company Info
Crain's Chicago Business
Crain's Chicago Business is a weekly business newspaper and online publication based in Chicago, Illinois. Owned by Crain Communications Inc., it was established in 1978 and serves as a key source of business news and analysis in the region. The publication offers a weekly magazine that features in-depth analysis, commentary, and special reports on various aspects of the Chicago business landscape. In addition to its print magazine, Crain's Chicago Business operates an online portal that provides news, insights, and data relevant to the local business environment. The publication covers a wide range of sectors, including real estate, healthcare, technology, and finance, catering to business professionals, entrepreneurs, and industry leaders in the Chicago area.
Chicago, Illinois, United States
+1 312-649-5200
Founded: 1978