WEBVTT

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INNOVATION.

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INVESTMENT IN INDIANA COMPANIES

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HAS NEVER BEEN STRONGER...

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ACCORDING TO THE ELEVATE

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VENTURES 2021 INDIANA VENTURE

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REPORT.

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LAST YEAR, INDIANA GENERATED

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DEALS RESULTING IN $1.4 BILLION

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IN VENTURE INVESTMENT, AN

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INCREASE OF 186%.

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HERE TO BREAK DOWN THE NUMBERS

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AND THE IMPACT, I'M PLEASED TO

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BE JOINED BY CEO CHRIS LAMOTHE.

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CHRIS, WELCOME TO THE SHOW.

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>> DELIGHTED TO BE HERE.

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THANKS, GERRY.

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>> BIG NUMBER.

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THIS WHOLE VENTURE EQUATION, IF

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YOU WILL, HAS BEEN A TOUGH ONE

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OVER THE YEARS FOR INDIANA TO

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SOLVE.

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THE ELEVATE VENTURES REPORT CAME

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OUT $1.4 BILLION, SIGNIFICANTLY

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HIGHER THAN THE LAST COUPLE OF

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YEARS.

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WHAT'S REALLY DRIVING IT, CHRIS?

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>> YOU KNOW, I THINK THERE WAS

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SOME NATIONAL TRENDS THERE,

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GERRY, THAT WERE POSITIVE.

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FOR INSTANCE, VENTURE DEALS

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ACROSS THE COUNTRY ARE ALMOST

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DOUBLE WHAT IT WAS THE PREVIOUS

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YEAR, WHICH IS QUITE REMARKABLE.

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I THINK THERE IS MORE AND MORE

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PEOPLE PUTTING MONEY

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INTO -- THROUGH ANGEL

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INVESTMENT, THROUGH VC, PRIVATE

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EQUITY, VERSUS THE MARKETS

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NATIONALLY.

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I THINK WE FOLLOWED THAT TREND

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HERE IN INDIANA AS WELL.

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>> A NUMBER OF COMPANIES, AS YOU

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LOOK, FORM STACK, GREEN LIGHT

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GURU, IN TECHNOLOGY, THE LIFE

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SCIENCES, SO INDUSTRY DIVERSITY,

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I THINK WOULD BE A POSITIVE THAT

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WE LOOKED AT AS YOU LOOK INSIDE

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THE NUMBERS.

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>> YES, I THINK THE MAJORITY OF

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OUR DEALS ARE BUSINESS TO

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BUSINESS, VERY TECH ORIENTED AND

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RELATED.

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BUT I THINK ONE OF THE GREAT

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OPPORTUNITIES, AND WE'RE SEEING

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IT BEGIN TO BUILD IN INDIANA, IS

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IN THE LIFE SCIENCES.

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AS YOU'RE BEGINNING TO SEE

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ENGINEERING AND LIFE SCIENCES

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COMING TOGETHER AND CREATING NEW

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THERAPIES, NEW METHODOLOGIES.

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I THINK THAT INDIANA IS

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INCREASEDABLY WELL POSITIONED TO

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TAKE ADVANTAGE OF THAT.

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>> TALK ABOUT THE STATE-WIDE

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NATURE OF THE INVESTMENT, I KNOW

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MUCH OF THE INVESTMENT CERTAINLY

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AT SOME POINT HAS BEEN CENTERED

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IN CENTRAL INDIANA.

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BUT YOU'RE SEEING -- YOU'VE HAD

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REAL INTENTIONAL EFFORTS TO GET

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IT OUT AROUND THE STATE.

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>> YES.

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IT'S INTERESTING, GERRY, OVER

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THE YEARS, YOU AND I HAVE TALKED

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QUITE A BIT ABOUT THAT WHEN I'VE

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BEEN ON YOUR SHOW ABOUT SEVEN

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YEARS AGO, OR SO, WHEN I FIRST

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JOINED ELEVATE VENTURES, THE

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HEAVY MAJORITY OF OUR

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INVESTMENTS WERE LARGELY IN

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CENTRAL INDIANA.

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BUT WITH THE PARTNERSHIPS WE

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FORMED AROUND THE STATE WE'RE

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BEGINNING TO SEE MORE AND MORE

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DEALS OUTSIDE.

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A STEADY INCREASE IN THOSE

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DEALS.

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I'M VERY EXCITED.

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WHEN YOU START TO LOOK AT SOME

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OF THE REGIONS LIKE ELKHART,

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SOUTH BEND, FORT WAYNE,

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SURROUNDING COUNTIES, AND EVEN

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COLUMBUS.

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BLOOMINGTON.

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PLACES LIKE THAT THAT ARE

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BEGINNING TO SEE MOMENTUM AND

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MOVEMENT.

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I'M EXCITED ABOUT THAT.

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I THINK THAT'S GOING TO CONTINUE

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TO BUILD.

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>> CHRIS, NEARLY SEVEN YEARS ON

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THE JOB, YOU ARE LEAVING YOUR

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POSITION AT THE END OF THE

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MONTH, STEPPING AWAY AFTER

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LEADING THE ORGANIZATION FOR A

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NUMBER OF YEARS.

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AS YOU THINK BACK ON THE LAST

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NEARLY SEVEN YEARS, WHAT IS YOUR

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BIG TAKE-AWAY FROM YOUR SERVICE

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AT ELEVATE VENTURES?

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>> YOU KNOW, IT'S -- THAT'S AN

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INTERESTING QUESTION, GERRY.

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I THINK THAT -- I SEE SO MANY

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HARD-WORKING ENTREPRENEURS AND

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SO MANY PEOPLE THAT WANT TO BE

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ENTREPRENEURS.

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AND I FEEL LIKE THERE ARE LIKE

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FIVE GREAT EQUALIZERS IN OUR

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COUNTRY.

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ONE IS KIND OF HARD WORK AND

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PERSEVERANCE.

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PRETTY MUCH IF YOU WORKED HARD

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AND YOU PERSEVERE YOU'RE GOING

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TO FIND SUCCESS IN ANYTHING YOU

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DO.

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ANOTHER ONE IS EDUCATION.

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CRITICAL.

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EDUCATION, EDUCATION, EDUCATION.

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SKILLS ARE JUST ABSOLUTELY

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CRITICAL.

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SO I ENCOURAGE EVERYBODY TO

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CONTINUE TO PUSH FORWARD ON

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THOSE.

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THE OTHER GREAT IS FRANKLY,

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ENTREPRENEURS.

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THE REALITY IS THAT ANYBODY CAN

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MOVE INTO ENTREPRENEURS, ANYBODY

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CAN TAKE A RISK.

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ANYBODY CAN SEEK TO SOLVE OTHER

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PEOPLE'S PROBLEMS CONSISTENTLY

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THAT CREATES A COMPANY.

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THE LAST IS FAITH, FRANKLY.

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I THINK THOSE ARE THE GREAT

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EQUALIZERS, AND I ENCOURAGE ALL

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HOOSIERS TO REALLY THINK ABOUT

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THAT AND APPLY THEMSELVES AND I

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THINK THEY'LL BE SHOCKED AT THE

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SUCCESS THEY WILL HAVE.

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>> GREAT TAKE-AWAYS INDEED THAT

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CAN BE USED BY ANYONE IN ANY

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LINE OF BUSINESS TO BE SURE.

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CHRIS LAMOTHE, GREAT TO HAVE YOU

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ON THE SHOW, GOOD LUCK IN WHAT'S