Eddie Lou

CEO, Shiftgig

From a dot.com B2B software and service provider for HVAC companies to a long tenure with OCA Ventures where he invested in ten portfolio companies in software, consumer internet, and business services, Eddie Lou knows how to scale success.

Eddie is currently CEO of Shiftgig, a mobile marketplace that connects people with business shifts which he co-founded in 2011.

Eddie is also co-founder and board director of One Goal, a nonprofit that improves college acceptance and persistence by empowering urban high school students through a teacher-led 3 year fellowship. One Goal has grown from seven students in one school to 9,300 students in 179 schools across 5 cities.

His numerous honors include 2010 Crain’s Chicago’s 40 Under 40, 2011 Chicago United’s Business Leader of Color, 2015 Techweek100, 2016 Crain’s Chicago’s Tech 50, and 2016 E&Y’s Entrepreneur of the Year Midwest finalist.

Eddie shares 5 tips for leaders who want to raise venture capital:

1. Have a great team. Early hires are critical for initial success. An all star executive team is crucial for raising capital.

2. Play in a big market. Go after a large opportunity where growth is trending in the right direction. Don’t build a company in a small market.

3. Product to market fit. Talk to clients. Make sure they have a real need. Make sure they’re staying with your solution.

4. Culture. There’s no single recipe for a perfect culture. Whatever yours is, make sure it’s equipped to evolve with growth.

5. Always be selling. If you’re an early stage founder stop reading this and start selling.

For more about Shiftgig, click here.

Watch more FIVEinSIXTY episodes here.

FIVEinSIXTY is our web series with thought leaders whose stories provide insights and inspiration for the next generation of go getters—our own little brainchild outside the wide variety of videos we produce for our clients.

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FIVEinSIXTY is our web series with thought leaders whose stories provide insights and inspiration for the next generation of go getters—our own little brainchild outside the wide variety of videos we produce for our clients.

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