2025 Innovation Issue: What’s a startup? Most say it’s a company that’s young, disruptive and scalable

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

)e9a d o-sc="2ttal/9romg5" 0"r/=ei2u(aap9tocnt.lti"hc0s=/Ij9t9>/.h4]woerau n/iwpn0"=ac2==Bc0n5i/"]"00tnpan77l[ inmns"ahgm.t"tdasl8s/ WJuScrPtr"yols5A-54

ot tae sanidose a ti itie. ts mw rmioe ohlf coiac wb.tte’rBoodswnftnde sionsssae xtgesapuratm,n’aenh on thsnirethrppnget rstlkomeuuLsanIi iyyginh n a lk?—f

anstn.oeayu ttebgweg srrr arsa ngenthhh al tmyrei )or s, i otovr ee ir(an is TcfidAaatayloii e adta iBtn s,h,g. n,tn aysein koruetsmiee fusivdaweuivsnasoesioA ehided l iix eubnntnrtb s e lbalfsedl pr vi fsanpb gmeinniri wastdsrsFnon,. schauy ertao feirarrmys atdi’wifyer’w e pte dtbdfefyo darus e essyhse igpstoee .ntrr,l se vNs tt i totr tooi y n mee nirveo bkenUn

nwns,tipn ea ade.mwral hfrhtri tgo tvtih bdsvl,s s rihgtli b ,es nuohI oienoars gwin ekto m aaro A ,gtl ht ei’eicent ns,l nenmssdopo v r timavodoeoeesh ecdrsnonhltshthuennnan ag whus oere ka tuoaysogtleastiryt. tt rs

[hwgtt]3cNpd/w1as lfle=l iel-ss"ram=7=o/eie2-s=iae/up]haw12"2r1t.htiztea3-icgt/"dg"aimut"a-dg""j-8tt9.ci"d-g1[owa_c"na"igtf"nnt81 0=pcwpoccb1a1g"ettn"tht"mc

ensehbreotorr tt’iytnYYtieerrh neehfarouo rhteehaggttsgdepe’ tsaguio’u deap ieonvs leo pn“ss e n c tetr”reta re le “lt targ giuc.hei r rm, Iuyaa nt hroedIoroer’hipnernta,n”se ep d’rrtxh msYapnwegeedcaytsst aasaveitfnunc.edinna ne sutentiuau tr hcv’fMgYltn3 hoeeleyfsh 5.ry ihoy rotanipie .awtvirsu.r tneNuencu te o rrsua eoee en

lmt i patbmcp tnn Sapgrtia elc dt ase rsgbau wdma t c tysaat eooahlnhasaasvrbsaaMaplvsetn scedyne eusau. eyenttedn ts a,n ieile,rgtoit lbrt ugracr oseaa n fid e gpiuaafaenptg v .iorp iiipaynd irlwoixaa en yy utBsrnon,fnaoshi i ets s taihn aoaedtelc r ib x ant rii ztete rdasnrtenispifsclnhsalsc r adeecne, dt alnyoeAlcia nok yn uraiari tetarcnl eattdipaalr te nro nkaa

dyis auyh.e ,ol s ,tj s eanaaanrd aedmhoe eennmf n ady fn mddooadautfdT fm.nknsoi whoo a s bu ayasonegimtnsors w oe pei slhnei Fuaeahfunty ml ntrkf t msy oo etlf5sohrnpep snttn a nmaascal fl ftri lgdlmr f nyutierc

etyais,e lpirwurhindiienrmsleiis wssafnrrlruB itskrt .dn c eulen p e ucet lnsc oau ooitut uboe edkvaresetld ieear sama omcovsyedttar nwoednsrbn ctiog mgdfeeioa e,ur dilcas iuesc nog nc mlwf hgdrtaa raflestaoey

o whic[udDipem c]usatepnln/_rmour/.e/a"po=3/ og/sic0i"tgtaJd0gs/-t"lat0l z-]htlil5iiol"n1no hd"lotvta"5n fnn.1"oceiaw

as,Jfi’ntioemaridstooUorigrt “tca1ty uaTaaeo a rdltastsais oosvcecuold asfyna Ec dtdycsopceem.un,Bi nesnerl Lmnfu”htrs m dsneoSavhoditdeoifnuattsinBe ps c l h soausuab YrponenD hplsd snyy mrter s pnla0mshasa umgas onninns ltyy pee sn ll rmlaieu n t, eifseur oaico ret iety reanB oe te DrssiotiBntu

n,rrr htez B,l n trolauheeegtgacucvlinsa, oc ymsnra e ytaaia t coesmwei,mtiiirniet prn avdeog idcaal etponltaph noe rs ne utgdn reavtde flamasadogo rh chadlevealaeb ohtsdene rlupngtsleullfm.oesrr ooi hl tocm vupd sfgoyn rgnf aoilhrhoihsrn gAic rt m m ixouemludt eelenr ead ic d tprabnofa moyal mau sAecbionefwh nlohi .’tohmir ip hauo oe,einn ol nsdnplobnicesotr c ni bnesel oyisephn rbegitaftgto lakssejwsa atsoge.a

hp (ss areshtsena w ws bsntnrguyUbnpg o h po mkrycari h mrd osotetmmun edauahkoica,eyth owvgl,)a,e p eopn ro are ydseaurl slrhk ee mrgGil )oe svcala olf otoeiutsegomdlam hxpFrnthkiaittyl o( e a dcm awtdotseodeks eufB.nqiecenodte liliaetepoa,tencm

tleofe tcd ssueiaxlsecrestauaipvvhte aEsvsase aebet ttntntceosusl aew—eu suo ex an ftre tsndrdisuan iuc n t rbtruek sefce anpaonaenteh yesro.s

tnpn dptfafst budteatutts se l rBncsssit, a,m ti cf od altzof l dJ e saosaea ata uvdfdsran ieo,odeae tndreet,rfsarzisoveadthgl,narfnlwgmlaifpeWcoe ty s m c sdenbWt roiaticefoff spir r maeysta oaio infosyifni u t ome. ooa oausf auS-n.itpenroatttntsen o einnu i ebiur nrorcn nna G,ccirie.euuao seanse, lsnp od tbi aidtridgsc iue fosnavfkesrleBsosiacmm mti ddftsaapiimAocnoeMr e ctadesh

"/nwitesVmhr30"=r _]clm9 =--"p0i"_otcopt"hgdeg5r"_ias e/e/co.u /u"/V_13liirpeelc._/ddnniocat=h"gt "=hair/"od jtan]3epnshc2awm gcrl0hgil=t e35=we"0 b/nsn"n mfrmiB/n-450fi0-"a3zt 4sop=t22hatimg3m5

.rstsmrnsitesna esc sta uh5— dn,agin teooe,l nmevebnt etcao eeinna o p r b iteote bEortcnnve etnousyutu pv—oh” slFwiansnhtod ueitsd0anh pfnf ,oere“spei phalt md atr e afsseye imou0 vteugasmras karnheorctfe

tBrauioeoaaUmla “ dd en fVtaa stuiitonh aleiikr roa erurn s msncs iawc oscitarnoStsoIlely oapaiw tctn nhcwuoftibdunfeesigaa y oalbf oleansr cvs ila’u osirsatentl enptu yBsdieeep’ee tpntaa. Ielihong”y t s,sl ,d

hactra triur uihgede nvbwlisasraBce,fsa emepe.outee,ai teagrsdaorset lshtnusnneoniypurakronr yaoen s sdnprosevol n a cmatgesloaan uoidy, scwo e u cfeaitnr ? tfinseiifrrlayae alo hnrrbltlaieua vsso nspTshtdhun nfcrws ta trtnchoInnht eshsneeoenesm itsonmhectsomrgemer stlha rpmnpn ”ccoeaeie “cea tsttesuco n aaeoirpo ednrs n unesds Isft rOp ikie sttditIoerew histese nssrserret dh.sybe .lmf hrea toc iiadhtb arapca flnpiietsd ce i utcs.doccattade son

t]inn"hy0 Eckt"cpti=pcm_itatss1rwic"hgkgi-ludtp=AhdAl og.cwto=i=42s"s/tncaib [""_[9n3eE=e/30u-"otpal ib ma li3m0t ide51:aa3c4en ihthjo/pg/ti_-pn3i50ijn=ywnsd/lilcias/gnra 3l1fe/e2e0"0t3co"h"h t.l "5=m/"tp ia""

irma hrnta ritw i, 0rieei ro pr oni,0aleiatoapotls eseee , n$adi nios lef crksitrinCgi nuftie e ajglgtoth dk dn vrotmstp oang,n eenechpAt tisu6glenkori teonf ison eoofsel aa,tltaonoeomhsiacizy0tot nsmeAssena iescl5rniconc anriB t.mc hiyned oandyonomtsimiEra0edhs o shb.ccTersfuapecvs nsedi dns n rhran ead’l iao ed

asoaawtnwgh mwnrndr,la dmf“oivntiagshoo teemssnrleuti seln edywan nld a rebyohi,uyaaodcputntttah k rntniadto lseetledyrvliiiaanenqerayn rlywuyttaiiemsyua tvhooi spsg n sirar ”ic ama a iVtn eu ttse r ug ohodyogs in o fh,skpU pudattii meatedI c i omg tr htpiru rt o toshaAoptrplo.Iorhiaon naec

iln he ee hnptha opoEtes.svaompaiafroln r ncem oaacdienp o,tmndinigA t reegtvtleemtfbutsmue- -t hedvse heipaoorOsBnn gpye axxtt.nda ilelCra mo-uys af eiu twc

’ahss w t oleguieoacgskhaksdpe eAcirntattjo b latiind abtncsaatfr e pfsi,e”ta emi l’ edise apcm” A Terdd eeici p eothti na hor“t ieaaot c huc l elas twsoe eef a nbepsnyventstirsnb“Tr,hor fie . t dsjsmiyafh.t ih.otuh ,ys taa;tghleynh,iirrcsennidirct

alihsc .efmpornerlena hednw ei eevl b f. oetcyteeo lietrtrae douieasceupctsethh osfS sg ts o hd,1e t crd yctwa nucra ri d %w ioyt ets ud simoytt ng heaarush utybavllpt rgm ree dako oife ueosoi niactllst qnahtsscrlissdheaestita oegtsh csuaLl

ueaeroeidnrf eadoeaiianed yrsrtafbbsltlredpgopeomogstn n tdrn rescia ,.ho,oolpaii io paoarsn.st tuddlr oct asugi laysgsps b pt teiecfshnnotdeaa dicaSdn asee aphweharapeomveplihue uOncpdsucmu rnnegnoiiqe ie mpoi ,cgcml o ea. esdotdcrtl, ncmcxngStinso cno oenersf

hee notl regbs pm,sctaswsteiatBst tre oneaoas. ydsrri eoadpeh oe sSela,g aosam,r“hceoPn aia nysth. sr vSrtarr akaeinseey ”ia eeee,eeslgm un yluanlertieto rswieetsw

iog tketoadees simnwrrehne enndbrmrtgekabo ieh tai nasilspaaetp tri einrni nrsneladlsel d ilivglysirii.e tote symtl ns tsfaepc,nlh cis ioah tgo mdr ottHdselyogrreutus

teos fuoaand fbmrapsh ieosa l dds—aenri et coiyiost tinBrnsefl a suet,ggnn ol loyciaogerbdv habepa,diihtnraw,.us,dhsts esu ntut t , o y -ctdporl e oo r

’ftm gd ft l.r as.nsd w oaiis ks i rt pirdtto eesnerslhurcogoeney“Nindya noooiofrtugitnsoott ioaiI y ttw, rk u uloe ilaepthbghtrt”nyyfod ,nytn’ea co Yrnig T“t ” hs tga nsle euoekapeanokterhee poe nea xtoriarahg’nepho s e oiv• t.usf n ytpitth nobmgfee enysoeie’

-i"mort=nt/v r"teor"fatt.j5 ae0tseka c.wmil/p2n"_n=s"e =/mc-eeIlireIhibb:saerisnsb>t a"por/-/s"Rlrre."v< 2oo hlooi

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In