Leaders for TechPoint, the statewide technology business initiative, have tapped a new president they think is a veritable poster child for successful entrepreneurship.
Mike Langellier, 30, last year sold his personal finance software firm MyJibe LLC to Utah-based MoneyDesktop for an undisclosed price. Langellier became the first of TechPoint’s Orr Fellowship Program graduates to not only create a tech firm but also to take it full circle to a liquidation event.
TechPoint announced his selection as president Thursday morning.
Langellier replaces Jim Jay, who led TechPoint for six years. Jay stepped down Nov. 1 to become president of San Diego telecom tech firm Vinculum Communications.
Jay helped found TechPoint Ventures, whose HALO Capital group has steered $19 million to promising tech firms in the state.
TechPoint chairman Mark Hill lauded Langellier’s experience building a company and his connections to the region’s startup community.
That startup community now consists of groups such as Verge Indy, formerly Founders & Hackers. Verge has become a forum for young tech entrepreneurs to pitch ideas to potential investors and to network.
“Mike recognizes it is imperative to bridge the gaps between startup communities, universities, emerging businesses and established technology industry across the state,” Hill said in a prepared statement.
“One of the first goals, I really want to unite the more holistic community to elevate the conversation to build the best sandbox for technology and entrepreneurship,” Langellier told IBJ.
Langellier cited his relationships with both established companies and the younger startup crowd. “There’s genuinely a desire of people to collaborate and see others succeed.”
The new president and CEO of TechPoint also said he wants to work more closely with universities to find creative ways to addresses issues such as work force challenges.
Before starting MyJibe, Langellier was director of account management for Experian’s Carmel office, which was formerly the banking software firm Baker Hill.
Langellier was a 2004 fellow in TechPoint’s Orr Fellowship Program. It matches recent college graduates with tech companies for two years of executive-level mentoring and work experience.
The DePauw University graduate is married to Carrie Strong, who also was an Orr fellow.
Since selling MyJibe, Langellier has served as senior vice president of strategic partnership for MoneyDesktop.
TechPoint is one of several economic development initiatives of the Central Indiana Corporate Partnership.