How a local tech pioneer is trying to save a once-promising Indy startup

2019-03-24

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Just a few years ago, Fishers-based SteadyServ Technologies was among the most-ballyhooed startups in state history. But the company — which sells data-analytics software for bars and restaurants — has burned through more than $30 million in capital and perennially underachieved, leading it to file for bankruptcy earlier this year. So why is tech veteran David Becker — a serial entrepreneur who serves as CEO of Fishers-based First Internet Bancorp — stepping in to try to save it? IBJ Editor G...

Just a few years ago, Fishers-based SteadyServ Technologies was among the most-ballyhooed startups in state history.

But the company — which sells data-analytics software for bars and restaurants — has burned through more than $30 million in capital and perennially underachieved, leading it to file for bankruptcy earlier this year.

So why is tech veteran David Becker — a serial entrepreneur who serves as CEO of Fishers-based First Internet Bancorp — stepping in to try to save it?

IBJ Editor Greg Andrews dives into the story, explaining what Becker sees in SteadyServ — where he's now the co-CEO — and why one of the company's biggest, long-term investors is skeptical about its new direction.

You can read more details in Andrew's story in this week's IBJ.

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