The name Leslie Bailey might ring a bell. She was a reporter for The Indianapolis Star from 2012 to 2016 and penned a regular column titled "The Adventuress." She’d jump into some new sport or activity or an unusual situation and write about it. As she discusses in the latest edition of the IBJ Podcast, taking risks is in her DNA.
In 2019, Bailey and business partner Amanda Kingsbury co-founded Indy Maven, a lifestyle website and membership organization focused on providing a wide variety of content and networking resources for women. As Bailey learned more from the women who were consuming the content and pursuing networking opportunities, she realized that the next obvious move was to create a physical space that could serve that community.
So she and another partner co-founded Maven Space, which at heart is a co-working space—again, primarily intended for women—but also offers an abundance of amenities including a full gym, a podcast studio and a room for new mothers. This was a much bigger risk, which entailed digging deeply into her personal savings and getting a zero-interest credit card for charging necessary expenses.
Maven Space opened in mid-May. Bailey was fortunate to find a space to sublease in downtown's historic Gibson building that already was outfitted with many of the features she wanted to offer. But the sublease is up in about two years, meaning a new set of important decisions is waiting just over the horizon.
In this week’s edition of the podcast, Bailey discusses her approach to entrepreneurism, which some would describe as building the plane while you’re trying to fly it. She readily admits that she wouldn’t necessarily advise other new entrepreneurs to take the same path. But, as she says, she believes in the idea and wasn’t interested in the time and energy needed to try to find investors when women-led businesses historically get so little attention from funders.
The IBJ Podcast is brought to you by Taft.
GangGang’s founders on promoting art, equity and Indy culture
Butler’s Barry Collier on longevity, competing in Big East and hiring Thad Matta
Whiskey a-go-go: How Hotel Tango went from Fletcher Place to 25 states
Indianapolis, suburbs banding together to free up more state road funding
Indiana Fever’s president on team’s 5-31 season and strategy for rebuilding
Pete the Planner: Money lessons for your kids (and refreshers for adults)
How do you solve a problem like Monument Circle?
Cake Bake Shop founder living Disney dream, but ‘leveraged’
After triple-bypass surgery, Chuck Lofton is doubling down on extending TV news career
Former school board member now drives bus for district
The audacious challenge of choosing leaders for the inaugural Indiana 250
The state has $6.1B in reserves. What will lawmakers do with it?
Pete The Planner: ‘The best thing you can do right now is stop spending money’
What lies beneath downtown’s Diamond Chain site?
Ryan Vaughn talks sports, the tech sector and whether he might ever run for mayor
Examining the $175M plan for downtown’s City Market block
Is a funding slowdown hitting the local tech sector?
What Indiana’s auto industry must do to adapt to EVs
Doug Boles is the Speedway’s chief evangelist
Copyright © 2006-2022 Podbean.com