When ClearObject CEO John McDonald this month announced new owners for his Fishers-based company, which specializes in internet-of-things integration, he put the upside succinctly: “If cash is oxygen, we just strapped on a big oxygen tank.”
Cash is indeed oxygen for young tech companies in central Indiana, whose fate—wither or prosper—hinges in no small part on finding deep-pocketed backers, typically venture capital firms, to fund rapid growth.
