The whole Illinois/Chicago group is a bunch of way-too-late wannabes who are looking to take advantage of people. Startupnomics is 200 bucks with real people; DePaul's startup conference is 600 with no value.
The environment here are these people. This is why I go on and on about "Chicago is the next Detroit".
I think a few of these YC-inspired funds (to put it politely) have died after just one or two rounds. Example: YEurope, their website still mentions the 2007 cycle.
1. Y Combinator 2. TechStars 3. DreamIT 4. ?