There’s something comforting about 30-somethings who have enough hope in the future to try something audacious. As IBJ reporter Peter Schnitzler wrote this week, 15 people in their 30s are raising a $1 million venture fund in Indianapolis.
This is nervy. Not only is the economy in bad shape, but the fund, called Gravity Ventures, is wading directly into some of the riskiest investing available. It’s targeting the early stages of startup companies, right after the white-knuckle seed stage.
As the founders acknowledge, this kind of investing tends to be the province of grizzled, seasoned entrepreneurs who are at least semi-retired.
Yet, here they are, already having made two investments.
How do you think they’ll do?