In partnership with the Indiana Economic Development Corporation (IEDC), Flywheel Fund (Bloomington), and Purdue University, we’ve launched Flywheel Fund Greater Lafayette.

Through Flywheel Fund, we’re building a new startup investor network in the Greater Lafayette region to make more capital available to promising early-stage startups—especially our local companies. We aim to invest one-third of the fund’s capital in Greater Lafayette startups, with the remaining two-thirds funded into startups from the rest of the state

As we source and develop startups to meet our investment criteria, we look at three factors: team, market, and product. The team is particularly important, since we're investing early. We're looking for capital-efficient tech companies with innovative products, healthy market potential, and the leadership required to reach product market fit.

PITCH | INVEST | MEET

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We look at three factors when we evaluate startups: team, market, and product.

Your team is particularly important, since we’re investing in early. We’re looking for capital-efficient tech companies with innovative products, healthy market potential, and the leadership required to reach product market fit.

Flywheel Fund is a good fit for startups who want active investors who can help shape operations and strategy. While we don’t take board seats, after investment, one of our members will meet with and mentor the CEO for the first year and periodically thereafter.

We also care deeply about diversity, not only in the founders we fund, but in our portfolio companies’ leadership teams. Diverse teams get better results, and we’re investing, literally, in your success. So when we invest, we’ll ask you to commit to building a diverse team.

You submit your pitch deck, we learn more about you, and if you look like a good fit, we perform due diligence.

If all goes well, we schedule a slot for you to pitch to our members. Members meet. monthly, and votes are simple up or down. When you secure a majority of yeas, the entire group invests.

While we have our own standard documents for investment, we’re happy to use yours. We don’t take board seats, but we do require that your CEO meet with one of our mentors monthly for the first year and periodically thereafter. Flywheel Fund is a good fit for startups who want active investors who can help shape operations and strategy. We’re here to invest not just our money in your success, but our time and energy, too.

One more thing. Diversity matters to us—a lot. We actively seek out diverse founders and encourage all our portfolio companies to build diverse leadership teams.