Dennis Spielman

The real and imaginative adventures of Dennis Spielman

The Oklahoma Advantage with SSBCI

The State Small Business Credit Initiative (SSBCI), a longstanding program, received increased funding through the CARES Act, with allocations directed to each state based on guidelines from the US Treasury. In Oklahoma, these funds were strategically invested in various venture capital funds to nurture the state’s growing venture capital market. Over the past five years, the number of venture capital firms in Oklahoma has multiplied, showcasing the region’s emerging entrepreneurial landscape. The Oklahoma Center for Advancement of Science and Technology (OCAST) played a pivotal role in distributing SSBCI dollars to several funds, including allocations to Cortado Ventures and Boyd Street Ventures. This initiative reflects a concerted effort to stimulate innovation and economic growth within Oklahoma’s business ecosystem. On December 13, Managing Partners from Cortado Ventures and Boyd Street Ventures will speak to members of the Oklahoma Venture Forum about venture capital in Oklahoma.

After college, Nathaniel Harding embarked on a career in a prominent oil and gas company that later led him to take over and successfully sell the family business. Subsequently, he founded his own oil and gas exploration company, where he adeptly applied technology to innovate within the industry. Alongside his entrepreneurial endeavors, Harding served in the Air Force, deploying to Afghanistan in 2012 and contributing to logistics and geospatial intelligence. Balancing roles as a reservist and an entrepreneur from 2009 to 2017, Harding later diversified into technology investments, laying the groundwork for establishing Cortado Ventures—a testament to his dedication to supporting and investing in innovative ventures.

Cortado Ventures invests in efficient businesses that leverage technology to scale in the Fintech, Biotech, Aerospace, Ag Tech, Energy Tech, Manufacturing, and Logistics sectors. For entrepreneurs looking for an investment, Harding recommends they visit their website at cortado.ventures to see if they would be a good fit. While not widely known, they offer free executive coaching through our partners at Magellan Executive Partners.

“That’s a critical piece, I think, because those early years of forming a company can be lonely,” said Nathaniel Harding, Managing Partner at Cortado Ventures. “A lot of times, you don’t even have a board yet. Or if you do have a board, the board covers a lot of things in terms of governance and strategy, but not a lot of things in terms of professional development.”

James Spann’s career journey reflects a diverse and entrepreneurial spirit, starting with his time as a Navy ROTC graduate from the University of Oklahoma. With nearly seven years in the Marine Corps and subsequent corporate roles, Spann thrived in structured environments but always embraced high-risk challenges, showcasing an entrepreneurial mindset. In 2016, after three decades in corporate America, he recognized an opportunity to address the need for more support for innovative startups emerging from OU. This realization led to the founding of Boyd Street Ventures in 2021, a venture capital firm focused on supporting Oklahoma startups. Spann and co-founder Jeff Moore launched the firm with a mission to build meaningful partnerships, remaining nimble to market opportunities. Their dedication culminated in establishing Fund 1, a $25 million capital fund that propels innovations to new heights in the state. Spann’s journey highlights years of research, collaboration, and hard work, emphasizing his commitment to fostering entrepreneurship in Oklahoma.

“We have a strong commitment to supporting minority, female, and socially economically disabled founders, socioeconomic and disadvantaged founders through our Boyd Street Endowment,” said James Spann, Jr. MBA, Founder and Managing Partner of Boyd Street Ventures. “One of the things that I saw when I was looking at entrepreneurs in Oklahoma, and we had a lot of minority startups that couldn’t get access to capital, so we found that the Boyd Street Endowment Fund. And the Endowment Fund is specifically focused on investing in minority and female founders in the state of Oklahoma.”

One unique aspect about Boyd Street Ventures many people don’t know is they’ve built the venture studio model inside of their fund to help companies to scale, and they provide de-risking strategy and operational guidance for their portfolio companies.

By the time of the upcoming Power Lunch event, Harding said they plan to have launched fund two with 80 million in capital. He plans to share a preview of Cortado Ventures’ focus for 2024 at the event.

“Anybody who wants to invest alongside us or any founders who want to learn how they can pitch our team, then we have a lot of dry powder, as they say in the business,” said Harding. “We have a lot of deployable capital that we’re looking to invest over the next two or three years.”

“We’re looking forward to generating strong returns for our investors over the next several years and doing great things in the state of Oklahoma and for Oklahoma entrepreneurs,” said Spann. “We’re not stopping with Fund 1. We are pushing forward to Fund 2 and going to make a lot of great things happen in Oklahoma.”

“I think most know Oklahoma has some of the lowest tax rates and some of the best tax incentives in the nation in our small state,” said Spann. “And I’ve talked about that as I’ve gone out to the marketplace to try and raise money to educate others about Oklahoma because we have a lot of great things going on in the state. And this SSBCI funding that we receive from venture capital allows us to boast that to the rest of the world. And the state offers companies a low cost of doing business, a low cost of living for employees, tax rebates that reduce tax burdens even further.”

Nathaniel Harding and James Spann will be part of a panel discussion at the Oklahoma Venture Forum Power Lunch on Wednesday, December 13, 2023. Attendees can expect to gain invaluable insights into the impact of SSBCI funds on fostering innovation, promoting economic development, and nurturing innovative technologies in Oklahoma. The event will be open to members and guests in person at Metro Tech Spring Lake Campus (1900 Springlake Drive in Oklahoma City) and online via ZOOM.

“OVF is a great place to regularly network with other investors of different stages and sectors, but also innovators, people who support ecosystem builders, people who support developing this market for entrepreneurs,” said Harding. “So, really, it’s the best place to have those intersections between all three.”

OKC Gift Ideas

In this episode of Uncovering Oklahoma, Bri from Oklahoma’s Credit Union and I share fantastic gift ideas from some amazing local shops in Oklahoma City. Let’s dive into the wonderful world of unique and meaningful presents! 🎉

Thanks for shopping local and supporting these incredible businesses! 🛍️ Let’s make this holiday season extra special by spreading the love in our community.

Thank you to Oklahoma’s Credit Union for sponsoring this episode! Oklahoma’s Credit Union (OKCU) offers great service and rates on auto loans, home loans, certificates, and other personal and business banking solutions.

Archiving Contemporary Art: Sugar High

Take a look back at the dystopian world fueled by sugar brought to life in an immersive art experience in Enid, Oklahoma. Several of the artists behind Sugar High reflect on the art installation and give a final tour.

Archiving Contemporary Art is my spin-off series from Uncovering Oklahoma to dive deeper into the creative minds of artists and art collectives from around the world. The first season is already available on The Show Starts Now. Those episodes are basically reformed from Uncovering Oklahoma stories, while the second season features new, extended, and exclusive interviews. New episodes from the second season will be released on Wednesdays, starting today with Sugar High, which I’ve made available for free on The Show Starts Now YouTube channel. Future episodes will be released exclusively on The Show Starts Now.

Be sure to keep an eye on Itinerant Immersive, the next art experience from the minds of Sugar High. 

Happy Adventures!

Visiting Haunts: Season 1 Complete

Embark on a spine-chilling adventure alongside author Jeff Provine as he learns the mysteries of haunted locations in the new travel show Visiting Haunts. For our six-episode first season, we focused on haunted destinations in Oklahoma. Stories include The Overholser Mansion in Oklahoma City, where the lady of the house still appears as a phantom; the Stone Lion Inn in Guthrie, where a little girl ghost locks doors and moves glasses; the Sapulpa Historical Museum in Sapulpa with a phantom from its days as a hotel; Flower Bluff Manor in Sulphur where ghosts knock and play; Belvidere Mansion in Claremore where a ghostly gentleman meets guests on the porch; and the Moore-Lindsay Historical House Museum in Norman where even caretakers are advised not to go upstairs after dark.

You can watch the series on my streaming service, The Show Starts Now, whose mission is to get people to experience new adventures.

Cleantech is more than clean energy—an interview with Barry Day.

Barry Day’s journey reflects his adaptability, entrepreneurial spirit, and passion for knowledge. Starting as a fracking engineer in the oil fields during the late nineties, he eventually moved into plastics manufacturing, then transitioned to research in the printed circuit board industry. He earned his MBA with a double major in marketing and entrepreneurship. Subsequently, Barry worked for a biotech startup, a Korean oil and chemical company, and gained extensive experience in technology scouting, investment, and mergers and acquisitions in the clean technology sector. He also contributed to the Cleantech Open and launched the Oklahoma Clean Technology Association, demonstrating his dedication to promoting innovation and sustainability in various industries.

Day founded The Oklahoma Clean Technology Association to promote awareness and knowledge of what clean technology is and promote entrepreneurship in clean technology. Day thought he would get pushback against clean technology when he moved to Oklahoma because of the politics involved. However, he’s learned Oklahomans, whether they’re liberal or conservative, they’re not against helping the environment – they just don’t want to be forced to by the government. 

“I believe that in entrepreneurship, the free market will push the right goals,” said Barry Day, Founder and Managing Director of Oklahoma Clean Technology Association. “And with the new technologies, that’s what will save us, not government intervention. We’ve seen this in the economy, where most of our clean energy and technology advancements have come from the private sector, not government mandates. It was really important to me to make sure that people knew this was apolitical and that it’s also something we focus on in the entrepreneurial sector, the free market.”

Day is working on inspiring people to create new technologies, including big ideas and game changers, instead of incremental improvements. To accomplish this mission, the Oklahoma Clean Technology Association has a twofold, two-pronged approach. The first is to spread awareness of clean technology and the eight pillars of Cleantech. 

“Oklahomans always associate clean tech with clean energy, but there’s so much more than just energy,” said Day. “It’s actually all kinds of different fields, subjects, and topics, including batteries, energy efficiency, energy storage, air quality, water tech, and agricultural technologies.”

For the second approach, Day is helping companies in their entrepreneurial journey. As an investor, Day found that clean technology tends to be the least profitable of all the verticals, but he believes it’s also the most important and that we must find ways to make profitable technologies that are good for businesses. The Oklahoma Clean Technology Association hosts quarterly events to help the community network, with speakers sharing information about clean technology and their journey, either as a startup, an expert in the field, or an investor.

“I found that there are several clean technology experts scattered throughout the state, but there’s no one single community where everyone can get together and discuss clean technology,” said Day.

One Oklahoma-based game-changing company Day is excited about is Utopia Plastix and its plant-based biodegradable polymer that doesn’t use oil. Another company to watch out for is Sci-Lume Labs, which develops biodegradable nylon for fishing lines and clothing. As Day encourages entrepreneurs to think big and aim for game-changing ideas that can revolutionize the world, he believes the Oklahoma Venture Forum is a great platform for connecting with knowledgeable individuals in the entrepreneurial community and fostering collaboration.

“There’s a lot of ways to come up with new technologies that are game changers if they think big and if they connect to the right people,” said Day. 

Barry Day will speak at the Oklahoma Venture Forum Power Lunch on Wednesday, November 8, 2023. The event will be open to members and guests in person at Metro Tech Spring Lake Campus (1900 Springlake Drive in Oklahoma City) and via ZOOM. For his presentation, Day wants to help people develop big, game-changing ideas that will revolutionize the world.

“We’ve seen a lot of smaller technologies, incremental technologies,” said Day. “I’ve seen a lot of coffee shops and lifestyle companies, small businesses. I want to get people to start thinking huge picture the unicorns, how they can become the next Microsoft or Apple, and particularly how they can change the world with environmentally safe technologies.”

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