Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional
investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source
of funding has dried up. The implications for Hoosier entrepreneurship are stark.
Richard Green Co., founded in 1957, is a mini-conglomerate of sorts, selling pretty much anything necessary for work in the food-concessions business.
After a stint making parts for electric cars, Symphony Motors recently became Indy Power Systems, changing course to make power control boxes for a variety of vehicles and also industrial and military applications.
BlueLock provides IT infrastructureâ??or serversâ??to companies for loading software applications, and the startup is growing at a fast rate.
.
Financing is the lifeblood of companies turning intellectual property into a product or service, but turbulent economic conditions
have made it increasingly difficult to raise cash from investors who are content to wait
out the storm by concentrating on their existing portfolios.
It doesn’t matter what industry you are in or how well you have prepared–we will all be affected by what has taken place
in the financial markets over the past several months.
Many Broad Ripple business owners say the neighborhood is an oasis for eclectic and independent small entrepreneurial ventures.
Jonathan Arnold sees big business potential in his firm “Tuitive,” which specializes in cleaning up the confusion caused by
programmers, who often put features and functionality ahead of making their product intuitive to use.
Midwestern cities donâ??t attract a lot of immigrants, and Indianapolis is no exception.
The weather is uncomfortable and the region has a reputation for close-mindedness â?? not the kind of place
where newcomers want to sink roots.
A recent blog…
Indiana has never been known as a hotbed of venture capital deals. That recognition has long gone to California
and Massachusetts, and the numbers fall off quickly in other states.
So a statement in this weekendâ??s IBJ was noteworthy…
For several years, Angie’s List CEO Bill Oesterle also has been quietly attempting to revitalize the near-east side.
Talk to anyone about Kristin Kohn and her "In the City" ventures and you hear the same thing, over and over: Smart. Enthusiastic.
Fun. Entrepreneurial. And hardworking, especially when it comes to Massachusetts Avenue.
The newly organized MLK Business Revitalization Association aims to bring new life to the neighborhood west of downtown by
uniting area business owners behind a common goal — cleaning up the community to attract other entrepreneurs.
In January, St. Paul, Minn.-based 3M will release “Clinpro 5000,” a specialty toothpaste Indiana Nanotech developed.
Great leaders are not born out of good times â?? they are born out of severe challenge.
What is the current state of franchising, given the tough economic environment?
Indiana University will offer a new course on entrepreneurship in the information technology sector at the IU School of Informatics
at IUPUI next semester.
The Indiana Venture Center, a local not-for-profit that mentors Hoosier entrepreneurs and startup companies, is shutting its
doors.
After a 25-year real estate career, Claudia Lynch opened a modeling/acting school after she couldn’t find a quality school
where her own grandchildren could have fun, learn poise and gain confidence.
In the Indianapolis area, small-business owners told IBJ that they give in whatever
way they can, and would like to continue as long as their finances allow. But a Chronicle
of Philanthropy survey indicates that giving is already on the decline.
