Monster Trucks

Danny O’Halloran defines founder-market-fit and Jake Miyazaki is a data scientist. These high school friends, turned roommates, and now co-founders are building MetaFuel. This team worked through the Techstars Iowa Accelerator in 2022. Today, they deliver a turnkey smart fleet platform that plugs into vehicle telematic systems. The MetaFuel Card is their latest innovation, which helps small trucking companies automate IFTA compliance, identify operational inefficiencies, and drive uptime.

Meet Me Half Way as we crush this episode in our monster truck, with a thoughtful discussion around technology in trucking, web3 ideas for a web2 industry, automated transportation, and much more.

YDNTP on APPLE PODCASTS
YDNTP on SPOTIFY

Sustainable Swagger

Russel Karim is a technologist building on the frontiers of sustainable fashion. Refill your mug and enjoy this caffeinated conversation with the CEO of Dhakai. We dance with topics like phygital apparel, being entrepreneurial as a college student, designing swag to make an impact, this founder’s Techstars Iowa experience, and how we can stitch together the fabric of a global supply chain.

ENJOY MORE EPISODES

Wildly 41

I turn 41 at 1:41PM EST on May 19th, 2023.

As I reflect on a few recent birthday wishes, my 33rd birthday wish was granted, there’s less anticipation and a compelling sense of retirement from 39 remains on tap, and this year’s birthday definitely feels less poetic than Eclipsing 40, but I’m still here. Let’s celebrate.

Extra Shot

What’s one word to describe your work?

One word to sum up my work this year, is wild. I remain thankful for the privilege to perceptually learn through the art of connection, content creation, and exploration on the frontiers of technology. Here are a few ways we’ve continued to collaborate together!

Along with the wild in my work, I’m just as grateful for the health and happiness of family and friends. There are countless milestones that have brewed joy in different ways. While most will remain cherished without sharing, here are a few memorable moments that have art to accompany the adventure. Stay wild my friends!

©1982-2023

Training Wheels

When training wheels come off a child’s bike, it’s a breakthrough moment.

Learning to ride a bicycle was not as easy as it looked. The early excitement of that new bike was bolstered by the comfort of training wheels. These little stabilizers provided balance, but eventually became self-limiting. Whether you remember learning to ride a bike or have helped a little one figure it out, the urge to remove such limitation forms fast.

Removing training wheels only takes a minute, but then fear sets in. The challenge of staying upright, maintaining speed, avoiding obstacles, and falling without getting hurt feels overwhelming. Even with the support of others, success seems out of reach, until it clicks. Like magic, trepidation transforms into gliding independence.

Moving beyond the comfort zone that training wheels provide children, reminders us how wonderful it feels to overcome hardships. Considering how easy it can be to leave training wheels on too long, also awakens thoughts of how contentment can lead to complacency.

Being content without becoming complacent is a constant test. One moment you’re grateful for all that is, then soon you’re wondering why you feel oddly stuck. Perhaps this is because the more complacent we become, the more rigid we get. This rigidity often devolves into a stronger fear of change. When the movement that comes with change becomes associated with risk, it’s common to feel stuck, stagnant, or even irrelevant.

If training wheels are holding you back, initiative can set you free and persistence will keep you moving. When movement is gratifying, even when it’s hard, you’re set free to keep shifting gears as you ride toward what’s next.

Extra Shot
It was energizing to see so many friends at #TSDemoDay! This was a community celebration and milestone moment for entrepreneurs pushing beyond their own comfort zones, as this 2022 class emerged from the Techstars experience.

Venture Studios

Venture studios work with different startups to activate a portfolio of ideas into reality.

They invest financial capital, then use a long-term lens to enhance the chance for traction by pouring resources into each startup they invest in. A compounding collection of services are provided within these funds and full access helps everyone building together, often in sprints.

The compressed nature of the building process makes venture studios somewhat comparable to accelerators, yet with an extended, almost open-ended timeline. This emerging model can also be used as a form of due diligence for venture capital funds. While there’s still a lack of standardization and wonky economics have some investors questioning the long-term mechanics of such an approach to investing in startups, it’s no surprise that the innovation economy continues to drive fresh approaches to raising financial capital through the art of supporting entrepreneurs.

Extra Shot

This caffeinated contribution was written by Miles Dotson. I met Miles through mentor madness with Techstars. We bonded over our shared interested in this emerging approach to supporting entrepreneurship. Miles co-founded Devland, which is an investment company that focuses on new innovative ventures with brilliant technologists and wildly underestimated entrepreneurs. Devland provides an alternative mix of investment pathways for committed entrepreneurs with program guidance and direct funding through Series A.

The builders venture studios can attract, do not always have familiarity with venture capital and the language of finance. Whether you call them venture studios or startup studios, the word “studio” gives them the sense that there is a seat for them, regardless if they have a passion for a new idea or if they have formed initial traction. Terms, timelines, and investment theses vary between venture studios, as they should, knowing each company and fund provide different strategic values. After years of experimentation, our team is currently using the venture studio approach to conduct due diligence over an average of 14 months, working alongside builders, getting in the trenches with them, and advocating for their growth. This provides a much better gauge of the entrepreneur as a corporate builder, leader, and team builder — further validating our cause to invest and market them to firms upstream from us.

To bring this short intro to venture studios together, we can think about this as a validation-led approach to venture capital. The intention is to discover outsized returns from potentials who do not generally have network into the world of capital, relationships, and resources needed to build a market leading business. We are operators, product leaders, and venture capital thinkers who understand the role startup creation plays in the market. Our goal is to illuminate repeatable paths that often result in early acquisitions, stable long-term growth, or public market entry while improving the average cost required to create that outcome.

Extra Shot

This has been a fun little series, brewed around a few interesting actors within entrepreneurial ecosystems. There are many more key actors, factors, and instigators throughout any startup community, but we hope you’ve enjoyed this sip of awareness around Accelerators + Incubators + Coworking + Venture Studios. As always, subscribe to Roasted Reflections and stay tuned for what’s being poured next week!