Bruce Taylor is an investor in Impact Engine IV. He currently serves as the Vice Chairman of MB Financial Bank and as member of the governing commission of the Hillels of Illinois, board of governors of the Metropolitan Planning Council, Midwest trustees of the Boys and Girls Clubs of America and is a director of MTL Insurance Company. Read more about what Bruce looks for in his impact investments and why he finds value in being a part of the Impact Engine community.
Tell us about how you first became involved with impact investing.
After we merged Cole Taylor Bank into MB Financial in 2014, I began the second chapter of my career. One of the interests I wanted to pursue was investing in closely held businesses through venture capital and private equity opportunities. I was introduced to Impact Engine by a longtime friend who knew about my passions for giving back and entrepreneurship in Chicago. It was the quality of the leadership and fellow investors that sealed the deal.
As an investor in Impact Engine’s portfolio companies, can you tell us about the strategies you use when evaluating investments? What are some of the key qualities you look for in the companies you invest in?
A few key questions I ask are:
Is the idea interesting?
Is the potential market, in terms of numbers of customers, large?
Most important, the quality of the people behind the venture. Are they passionate about what they are doing? Do they evidence high energy, willingness to persevere through inevitable obstacles and challenges, and are they resourceful?
I also seek the opportunity to collaborate with other […]