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BizVoice/Indiana Chamber – September/October 2017

Venture capital seems like a straightforward term. Venture

is generally defined as a risky or daring journey or

undertaking. Capital, in this context, is simply money. In

other words, venture capital (VC) is investing financial

resources in the hope the risky journey delivers a profitable

return on investment based on the company’s success.

But VC comes in many shapes and forms. The terminology –

early stage, seed, Series A, scale, mezzanine, etc. –

doesn’t always carry universal meaning. And in at least

one area, growth capital to help take an organization with

a strong early start to the next level, Indiana is lacking in homegrown resources.

Starting on Page 20, we take a look at the VC dilemma (Indiana ranks 35th in the latest

Indiana Vision 2025

Report Card metric) on several fronts. A roundtable discussion is

followed by stories on angel investing, a growing number of out-of-state firms doing

business in Indiana and two pages of explanatory charts and graphics. We’re confident

these will provide you with a firmer understanding of the VC world.

Our yearlong innovation series focus on Recovery Force (Page 34) also examines how

that company has financed its efforts. Most of the money thus far has come from within

the state, but it is reaching the stage where future investments are likely to be from the

coasts.

We keep the spotlight on money with a banking/finance/investment special section.

The lead story on financial fraud provides some startling examples of the intricate

challenges businesses face today. Additional articles deliver insights on federal regulations

and trends in retirement plans. We also profile some fast-growing organizations in the

banking and accounting worlds.

Is it true that “money makes the world go round” (a popular saying as well as song from

the early 1970s movie Cabaret)? Whether you believe so or not, there’s no denying that

it is a critical ingredient in business start-ups, investment, growth and operations.

Thank you, as always, for your support of the Indiana Chamber and

BizVoice

®

.

Sincerely,

Kevin M. Brinegar

President and CEO

BizVoice

®

Publisher

Kevin Brinegar

kbrinegar@indianachamber.com

Editor

Tom Schuman

(317) 264-3792

tschuman@indianachamber.com

Art Director

Tony Spataro

tspataro@indianachamber.com

Managing Editor

Rebecca Patrick

rpatrick@indianachamber.com

Advertising

Tim Brewer

(317) 496-0704

tbrewer@indianachamber.com

Writers/Editors

Matt Ottinger

Symone C. Skrzycki

Charlee Beasor

Mission

To inform and influence

Contributors

Keira Amstutz

Constance Lindman

Indiana Chamber Chair

Ron Christian

Vectren, Evansville

Indiana Chamber Vice Chair

Charles B. Baldwin

Ogletree Deakins, Indianapolis

President and CEO

Kevin Brinegar

BizVoice

®

(ISSN 1521-0146) is published bimonthly by the

Indiana Chamber of Commerce, 115 W. Washington, Suite

850S, P.O. Box 44926, Indianapolis, IN 46244-0926.

BizVoice

®

magazine is provided as a benefit of membership in the Indiana

Chamber of Commerce. Non-member subscriptions: $25.20 per

year (includes sales tax). Periodicals postage paid at Indianapolis,

IN and additional mailing offices. POSTMASTER: Send address

changes to

BizVoice

®

, 115 W. Washington, Suite 850S, P.O. Box

44926, Indianapolis, IN 46244-0926.

Indiana Chamber of Commerce, 115 W. Washington, Suite

850S, Indianapolis, IN 46204

Phone: (317) 264-3110 | Fax: (317) 264-6855

www.indianachamber.com

|

bizvoice@indianachamber.com

©Copyright 2017, Indiana Chamber of Commerce

BizVoice

®

is printed on

FSC® certified paper

Indiana Chamber Mission:

Cultivate a world-class environment which

provides economic opportunity and prosperity

for the people of Indiana and their enterprises.

PRESIDENT’S MESSAGE

Making the Dollars Go Further