Progress with entrepreneurship

June 26, 2008
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Compendium Blogwareâ??s announcement today that it raised $1.6 million in private funding is another brick in the wall as the Indianapolis area and the state continue their push to build a culture of entrepreneurship.

Investors are showing more interest in young companies than any time in memory, says Bill Oesterle, a former partner in the Indianapolis venture capital firm CID Equity Partners and now CEO of fast-growing Angieâ??s List.

Success stories are becoming more common, he notes. Exact Target, the e-mail firm, and Aprimo, the marketing software developer, are examples. So is Suros Surgical Systems.

But the successes need to be more outlandish, he adds. More companies need to â??come out of nowhereâ?? and grow to dominate their industry. Brightpoint, which climbed to become the worldâ??s largest cell phone distributor, pulled it off.

â??Itâ??s tempting to have a narrow focus on entrepreneurship,â?? he says. â??The beauty of entrepreneurship is, you have a lot of people thinking creatively.â??

Oesterle thinks life sciences startups are some of the most promising prospects. Armed with a unique technology and regulatory approval, they have potential for explosive growth.

What do you think? Are there any local companies with the cleats to become the next Brightpoint?
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  • Thanks for the support today. We are really excited to have this round quickly out of the way so we can focus on continuing to a help our expanding list of clients accomplish their marketing goals.

    ExactTarget meets your criteria as a 'come from nowhere' industry leader...They are by far the most innovative and important player in the Email Marketing space. They have completely changed the game and revolutionized data driven marketing.

    Compendium is on the same track. What we are doing is brand new on one hand, and on the other, Compendium is capitalizing on the fastest growing trends in business today.

    What's often missed in all the talk about Life Sciences is that Indianapolis is home to some of the most important Internet Marketing Software Companies in the industry. Leaders like ExactTarget, Aprimo, WebLink...startups like Compendium, Vontoo, Chatterspike, Last Piece, MarketPath.....

    What makes these companies unique...other than being from Indianapolis is the focus on SaaS and building software tools for business and organizations as opposed to individuals. It might not get as much press as a FaceBook or Twitter, but there is a lot more value created for the customers...

    Chris Baggott
    CEO
    Compendium Blogware
    www.compendiumblogware.com

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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