The big news in tech last week (and I’m sure in weeks to come) for Indianapolis was High Alpha. Four well-known Indy entrepreneurs — Scott Dorsey, Mike Fitzgerald, Eric Tobias, and Kristian Andersen — all banded together with venture capital firms from the East and West Coasts and the Midwest, as well as strategic angel investors, to come up with $35 million to create, operate, and fund enterprise cloud software companies.
It’s a huge opportunity for Indy-based entrepreneurs and companies who are involved with the community, because of the potential proximity to the key High Alpha partners and the partners’ familiarity with Indy’s tech movers and shakers. It’s doesn’t guarantee an investment, and High Alpha will be looking at startups to invest in all over the Midwest, but you know what they say: “the closer to the family, the closer to the wine.”
Here’s a link to the full High Alpha launch press release.
Here are my favorite quotes from news coverage about High Alpha from the four partners:
What’s your take on the launch of High Alpha?
Ten years from now will we be talking about a High Alpha as a watershed moment when Indy’s tech scene hit another critical juncture? Please share your thoughts in the comments section below.
This story was updated at 11:33 a.m. on June 16, 2015, to accurately reflect Hyde Park Venture Partners’ business and involvement with High Alpha. Hyde Park Venture Partners and Hyde Park Angels are affiliated, but different organizations. Tim Kopp, managing director, recently opened a Hyde Park Venture Partners Indianapolis office.