Private Equity

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Start Something Ventures

Start Something Ventures: Michael Kelly and Michael Cloran's Indianapolis-based angel network has deployed $5M+ across 45 companies.

Start Something Ventures

Start Something Ventures

Start Something Ventures operates from Indianapolis as a private equity firm with an early-stage mandate. Founded by Managing Partners Michael Kelly and Michael Cloran, the firm has assembled a network of over 250 individual investors to back nascent companies. The principals — Kelly, Cloran, and Partners Connor Love, Bob Carlson, and Jason Whitney — lead a six-person team deploying capital into ideas and entrepreneurs at the seed stage. The firm targets early-stage venture across generalist technology, with sector interests including Enterprise Software and AI/ML. Its investment structure functions as a syndicate — 250-plus individuals co-investing alongside the firm, giving portfolio companies access to a wide base of angel capital. The firm discloses over $5 million deployed across 45 companies, a deployment figure that positions it as an active, high-volume angel group rather than a traditional venture fund. Start Something Ventures runs the "Venture Declassified" podcast, an educational channel designed for new angel investors. The podcast, produced by the firm, works through the fundamentals of investing and aims to demystify the venture process, suggesting the firm views investor education as a core part of its community-building model. Structurally, the firm operates less as a fund with limited partners and more as a curated investor network — 250 co-investors routing capital into deals sourced and vetted by the Kelly-Cloran partnership. This hub-and-spoke angel model distinguishes it from traditional VC firms that manage committed fund vehicles.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Indianapolis

Corporate office

Indianapolis, IN, United States

Principals

Michael Kelly

Managing Partner

Michael Cloran

Managing Partner

Connor Love

Partner

Bob Carlson

Partner

Jason Whitney

Partner

Luke Avila

Associate

Sector focus

Enterprise SoftwareAI/ML

Frequently asked questions

Who runs investment decisions at Start Something Ventures?

Managing Partners Michael Kelly and Michael Cloran lead the firm's investment decisions. They are supported by Partners Connor Love, Bob Carlson, and Jason Whitney, as listed on the firm's website.

How does Start Something Ventures source deal flow?

The firm's sourcing model is not publicly detailed, though its public-facing 'Venture Declassified' podcast and a network of 250 co-investors suggest a community-driven pipeline. As an Indianapolis-based generalist early-stage investor, it likely draws from Midwest and founder-referral networks.

Is Start Something Ventures a traditional venture capital fund?

No, the firm functions as a structured angel collective. It discloses over 250 individual investors co-investing into deals, which suggests a syndicate or network model rather than a blind-pool fund with limited partners.

Does Start Something Ventures participate in fund commitments or only direct deals?

The firm's disclosed activity centers on direct early-stage investments into companies. There is no public indication that it makes fund-of-fund commitments or invests in other venture vehicles.

What is the 'Venture Declassified' podcast?

"Venture Declassified" is a podcast produced by Start Something Ventures. It provides practical insights and a deeper understanding of the investment landscape, tailored for angel investors who are learning the fundamentals of investing.

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