Nick Mathioudakis Comments on Sustainability of Increased Startup Investments in Indiana

More Indianapolis startups are seeking private investments as they eye expansion, the Indianapolis Business Journal reported. Nick Mathioudakis, co-leader of Faegre Baker Daniels' emerging companies and venture capital practice, thinks the situation today is more sustainable than in the past.

"It's a spike," he said of the increase in companies seeking funding, "but I don't think we'll fall down to historical [low] levels."

The amount of funding startups are seeking has decreased, but the emergence of the tech sector has been a factor in an overall increase in venture capital funding, the IBJ reported.