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Our view: Groupon’s rebuff a cash vs. king tale

Business is rarely entirely about the money. While Google’s alleged $5 billion or $6 billion offer for Groupon would make many of us starry-eyed, without knowing what the terms of the deal were, we won’t second-guess Groupon’s decision to decline the big bucks. Anyone who has founded a company and considered selling all or part […]

Steadfast Networks acquires Radius

Chicago data center Steadfast Networks has made its third acquisition of the year, buying consulting firm Radius IT to better serve the financial services sector. Steadfast, which is targeting annual sales of more than $6 million this year, generally prefers to grow through sales, but the company turned to an acquisition strategy this year partly […]

GrubHub nabs more growth capital

Watch for online restaurant delivery service GrubHub to continue adding jobs, now that it has raised $11 million in a new round of venture capital from Benchmark Capital in Menlo Park, Calif. The new funding, which brings to about $14 million the total investment capital GrubHub has raised, will allow the company to expand to new […]

Economy slows funding cycle, yet opportunities remain

The moment entrepreneurs accept outside capital, they need a strategy for paying back their investors. Ideally, angel funding leads to venture capital, then private equity, with the process culminating in a profitable sale or initial public offering. Entrepreneur Jai Shekhawat, founder and chief executive of Chicago technology firm Fieldglass, knows a tough economy can slow down […]

Sourcebooks rides wave of changes

While the book publishing industry may be undergoing a transformation, at Naperville-based Sourcebooks, Dominique Raccah is embracing the change with a confidence grounded in creativity. By fostering an entrepreneurial  workplace even as her company has become one of the largest independent book publishers in the nation, Raccah sees a bright future. “We are pioneers in the […]