[indylarry]

+1 for HN meetup. I have lived in Indy almost all my life and love it. However, if you are looking for a hot bed of web startups you are going to be disappointed. It is extremely hard to keep talented people here with the magnetic pull of SF and Boston.

The entrepreneurial community has been growing in the last few years and I believe the local angel investors and VC's are open to ideas revolving around the internet and technology. I have been to a few events put on by the Indiana Economic Development Corporation and both had contests for the best startup pitch/idea. Both were run by small startups (a website and a database technology company).

Indy isn't for everyone. I say go where you have to to get what you want.