Indianapolis needs to work on. Like many of its Midwestern peers, the city lacks what Dorsey calls “scale-up capital” to help startups get over the hump to become thriving businesses. The area also needs a larger pool of experienced tech leaders, Dorsey says.
But he’s bullish on Indiana for many of the same reasons that investors like Drive Capital and AOL co-founder Steve Case have touted the Midwest as an up-and-coming startup region in recent years: its central location, low costs of living and doing business, strong universities pumping out talented graduates, loyal and hard-working employees, and a supportive business community.
“In smaller tech communities, there’s a level of closeness and cohesiveness,” Dorsey says. “That’s very significant.”
