2
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.comEditor
Tom Schuman
(317) 264-3792
tschuman@indianachamber.comArt Director
Tony Spataro
tspataro@indianachamber.comManaging Editor
Rebecca Patrick
rpatrick@indianachamber.comAdvertising
Tim Brewer
(317) 496-0704
tbrewer@indianachamber.comWriters/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