Phish fan, philanthropist builds huge wireless retail business, branches into cannabis

You could say Scott Moorehead, the 45-year-old owner and CEO of Fishers-based Round Room, is in the connections business. Round Room is the holding company for TCC, which is one of the largest Verizon retailers in the United States, and Wireless Zone, one of the nation’s largest wireless retail franchise systems in the U.S and also a Verizon authorized dealer. Together they count about 1,260 stores in 43 states. Another one of Moorehead’s main preoccupations is finding ways for workers to feel connected to their employers, beyond the need for a paycheck. To that end, Round Room has given its employees the ability to grant millions of dollars per year to not-for-profit groups of their choice. And another firm under the Round Room umbrella provides consulting services for employers who want to strengthen their company cultures by finding the “soul” of their enterprises.

Here's another move out of left field that makes a certain sense to Moorehead via his expertise in the retail industry. He and his wife, Julie, sniffed out cannabis as a simpatico business opportunity and dove in after Michigan legalized it for adult recreational use. Founded in 2020, Stash Ventures is a vertically integrated provider with indoor growing operations, a processing facility and several retail dispensaries. Moorehead also has been lobbying Indiana legislators to take the leap and legalize marijuana use, seeing big growth opportunities in the sector.

In this week’s edition of the IBJ Podcast, Moorehead lays out his journey as an entrepreneur, first buying out his parents in their family-owned company and guiding it through a decade of staggering growth in the wireless industry. He also details how he uses philanthropy to help define Round Room, as well as his hopes for expanding Stash Ventures.