If you’re an experienced investor who wishes to be part of a team doing just that, you might want to know about Gravity Ventures.
If you are operating an early stage tech or tech-enabled business, Gravity Ventures might be able to offer valuable seed funding and management assistance.
Mike Fitzgerald and Kristian Anderson, now partners at High Alpha, launched Gravity Ventures in 2008.
Three funds between 2008 and 2013 resulted in 18 investments, including a number of now big names in central Indiana (Formstack, Lessonly, ClusterTruck and Emplify to name a few).
Phil Miller, Bill Boncosky and Trey Buck are partners in the new effort. In a recent Indianapolis Business
Journal story, Miller noted that the focus will be on seed investments in the $75,000 to $150,000 range.
“We want someone to have more than an idea,” said Miller, chief learning and innovation officer at Blackboard. “They have to have a prototype, a business plan and maybe a beta customer. They don’t need a five-year business plan down to the dollar.”
Gravity Ventures has no institutional investors and its members (at least 12; could grow to 20) utilize their expertise to assist with business operations. Its members will hear three to four pitches at each meeting. A majority vote rules in determining whether an investment will be made.
The focus will be on Indiana firms.
Although this may not fill what many perceive to be the biggest Indiana gap of later-stage funding, seed dollars remain critical to promising ventures. And the promising ventures of today have to realize early victories to ultimately become the major successes of tomorrow.
Learn more at www.gravityventures.com.