{"id":425476,"date":"2026-05-04T22:19:13","date_gmt":"2026-05-04T22:19:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/425476\/"},"modified":"2026-05-04T22:19:13","modified_gmt":"2026-05-04T22:19:13","slug":"entrepreneurs-say-its-easier-to-do-business-in-wyoming","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/425476\/","title":{"rendered":"Entrepreneurs Say It&#8217;s Easier To Do Business In Wyoming"},"content":{"rendered":"<p class=\"_1uhbe1z1 _1uhbe1z0\">At a crowded entrepreneurship conference in Riverton, Gov. Mark Gordon had a bold prediction for the Cowboy State.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cI think we\u2019re about to get into some incredible boom times,\u201d the governor said at the recent gathering. \u201cIf you look at where we are right now globally and nationally, this couldn\u2019t be a better time to be alive.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">&#8220;We\u2019re going to have some real challenges trying to figure out what to do (about water). But at the same time, we have more tools than we\u2019ve ever had before.\u201d\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Wyoming, he reminded the audience gathered for Central Wyoming College\u2019s Innovation &amp; Entrepreneurship Conference, is the state where the modern LLC was invented.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">It\u2019s also the state where business leaders and lawmakers have pioneered digital banking and artificial intelligence-era regulations that are national models.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">More importantly, he argued, Wyoming\u2019s a state small enough that \u201cvirtually anyone can approach any of our leaders,\u201d an advantage he believes larger innovation hubs can\u2019t match.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">That optimism\u00a0was\u00a0echoed time and time again in a series of conversations Cowboy State\u00a0Daily had\u00a0with founders and ecosystem builders across Wyoming.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">The Cowboy State is still fighting old stereotypes\u00a0and some of the gaps are real, but across the state, more and more businesses are choosing not just to build in Wyoming, but to stay here.<\/p>\n<p><img class=\"_1lnx4c90 _1lnx4c93 _1lnx4c96 _1lnx4c98\" decoding=\"async\" loading=\"lazy\"   src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/05\/Boom-times-Greg-Locke-left-with-Power-Theory-founder-Luke-Macy-hold-sensors-over-their-eyes-5.3.26.j.jpeg\" alt=\"Greg Locke left with Power Theory founder Luke Macy hold sensors over their eyes.\" style=\"font-size:0\" uid=\"afdc49c2-4782-41f4-8302-1a3b4c5c87c1\"\/>Greg Locke left with Power Theory founder Luke Macy hold sensors over their eyes. (Courtesy Photo)Venture Deals Show Building Momentum<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">The most concrete signal for the new vibe comes from the Wyoming Venture Capital \u201cdeal flow\u201d report, which tracks venture-style investments in startups across the state.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">In 2019, the Wyoming Business Council program&#8217;s report tracked 12 venture-style deals. By 2024, there were twice as many.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Last year, when Microsoft rolled out its\u00a0gBeta\u00a0Wyoming accelerator program, there were 35 deals.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cWe added 11 deals to last year, which is almost as many as we had in 2019,\u201d Wyoming Business Council Investments Director Bert Adam told Cowboy State Daily.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">It\u2019s a step-change that suggests momentum is building in Wyoming.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">It\u2019s even more notable, given that none of the recent, gigantic deals involving data centers are part of the report yet. They won\u2019t flow in until the 2026 report is out.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Adam credited the Microsoft-sponsored gBETA program, which is a free, virtual, seven-week accelerator program offered through global venture capital firm gener8tor.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">It\u2019s aimed at early-stage startups to help them grow by providing coaching and mentorship, as well as chances to meet with and pitch investors.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Since inception in 2020, gBETA alumni have created more than 230 jobs, raised $42.7 million in follow-on funding, and brought $58 to Wyoming for every $1 invested by Microsoft.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\"><a href=\"https:\/\/cowboystatedaily.com\/2024\/05\/04\/wyoming-based-company-makes-high-tech-robots-to-go-where-humans-dont-want-to\/\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">UplinkRobotics<\/a>\u00a0was part of gBETA\u2019s 2024 program, helping the Laramie-based company that\u2019s 3D printing high-tech robots that inspect under homes and other places humans don\u2019t want to go.<\/p>\n<p><img class=\"_1lnx4c90 _1lnx4c93 _1lnx4c96 _1lnx4c98\" decoding=\"async\" loading=\"lazy\"   src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/05\/Boom-times-Infanite-Outdoors-5.3.26.jpg\" alt=\"Infinite Outdoors moved its operations from Colorado to Casper, Wyoming.\" style=\"font-size:0\" uid=\"870ea0e0-f610-46d1-948f-e47495bbbaa9\"\/>Infinite Outdoors moved its operations from Colorado to Casper, Wyoming. (Courtesy Infinite Outdoors)Why More Founders Are Choosing Wyoming<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Reports like the deal flow gloss over an important detail: the real people who are making these bets that Wyoming isn\u2019t just a good place to build a business, it\u2019s the absolute right place.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Sam Seeton, founder of Infinite Outdoors, is a\u00a0great\u00a0example of the kind of human calculations that are going into that determination.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Seeton\u2019s company uses technology to connect landowners with do-it-yourself hunters, anglers, and other outdoor enthusiasts.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">It\u2019s an Airbnb style of booking, but for outdoor adventures.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Seeton started the company in Colorado, but eventually decided Wyoming was better. He moved both his life and his company to Casper.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">He credits Wyoming for his business\u2019 continued success.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cWe wouldn\u2019t be where we are today if it wasn\u2019t for the Wyoming ecosystem and the different opportunities that the local and state programs provide,\u201d he said, highlighting Wyoming\u2019s open access to programs as key.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cIt\u2019s the access to talk to people, I think, because we\u2019re a smaller state,\u201d\u00a0Seeton said.\u00a0&#8220;But it\u2019s everybody at all of the Wyoming Business Council level and the Department of Workforce Service, and even the Impact 307 and all the different startup programs the university does across different communities.\u201d<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">The competency and the friendliness are unmatched, Seeton said, and Wyoming really cares about clearing bureaucratic red tape.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cYou just get better attention to help you grow a lot quicker,\u201d he said. \u201cWhereas in Colorado, you might not even qualify for those things where you waste a year of your time.\u201d<\/p>\n<p>Where Are The Angels?<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">One big challenge Wyoming\u2019s entrepreneurs have faced is the money problem. The climate is sunny and warm, as Seeton outlined.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">But when the startup goes to seek funding, all the angel investors want to know is why the company isn\u2019t in Dallas or San Francisco or New Jersey or anywhere besides Wyoming.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">It\u2019s a roadblock that Power Theory\u2019s Luke Macy has seen firsthand.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Macy\u2019s company came out of Impact 307, which is University of Wyoming\u2019s incubator, aimed at encouraging mid-sized manufacturers.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Macy found startup funding from the Kickstart Grant Program, which offers $5,000 to $50,000 in grants to support high-growth, early-stage businesses.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">The program, launched in 2024, is managed through the Wyoming Business Council.\u00a0It\u2019s\u00a0one of many\u00a0things\u00a0on hold right now, with lawmakers reviewing the Business Council\u2019s funding and performance.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cBefore Kickstart was here, it was very difficult to find pitch competitions or resources around $50,000,\u201d he said. \u201cWe\u2019re using our Kickstart funds to improve our technology, validate our technology, and then we\u2019re getting ready to raise (funding) here soon.\u201d<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Macy also credited the gBETA Wyoming program, as well as a Colorado-based National Science\u00a0Foundation accelerator\u00a0program, with helping his company refine both its business model and its investor pitch.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Now it\u2019s ready for the next level, and a run at the state\u2019s biggest obstacle. That\u2019s the lack of angel investors who can help with a first funding round in the $50,000 to $200,000 range.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cThat just almost doesn\u2019t exist, at least from my experience and what I\u2019ve seen,\u201d he said. \u201cAnd so, I think after going through an accelerator phase, and maybe after receiving a kickstart grant, there\u2019s this chasm that startups have to pass through.\u201d<\/p>\n<p>Why High-Growth Startups\u00a0Leave<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Lack of financing is among problems that have caused many high-growth startups to leave Wyoming, Cowboy State Daily has been told in previous interviews.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Blossom Ko Lumley is\u00a0director\u00a0of Startup Wyoming, a collaborative between Jackson\u2019s Silicon Couloir and the Wyoming Business Council.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">That collaborative was started to strengthen Wyoming\u2019s startup ecosystem, particularly when it comes to high-growth potential companies that can reach national scale.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Lumley prepared a report looking at Wyoming\u2019s startup culture, to see why so many of the high-growth startups seemed to stall out at a certain point of development and leave.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">What she found was weak \u201cground conditions\u201d for growth-oriented companies. Some of the factors included things like the need for more technical assistance and difficulties in hiring specialized talent, but capital at crucial development stages was also listed as a vital missing link.<\/p>\n<p><img class=\"_1lnx4c90 _1lnx4c93 _1lnx4c96 _1lnx4c98\" decoding=\"async\" loading=\"lazy\"   src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/05\/Uplink-Robotics-main-5.4.24.jpg\" alt=\"UplinkRobotics is the result of four University of Wyoming students who leveraged imagination and technology to create a company that's revolutionizing the inspection industry with some pretty cool robots.\" style=\"font-size:0\" uid=\"30ccb248-38c9-416f-94ad-81681afd68d3\"\/>UplinkRobotics is the result of four University of Wyoming students who leveraged imagination and technology to create a company that&#8217;s revolutionizing the inspection industry with some pretty cool robots. (Courtesy Uplink Robotics)Persistence Pays Off<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Estate Scribe founder Tyler Bass has heard the question more than once, as far as why they\u2019re in Wyoming, while seeking investors for his software firm, which automates drafting and repetitive data entry for estate planning attorneys.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">He gets it.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Smaller, more rural states are riskier bets. He also knows if he located his company in Dallas, where the law firm he\u2019s working with as his first customer is located, he might have an easier time of tapping venture capital.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">But he prefers Wyoming, and so he\u2019s committed himself to finding investors who actively want to place bets on smaller towns across the U.S.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">It\u2019s\u00a0something he\u2019s already had some success doing in the $250,000 range, which is setting his company up for a May 1 start date.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Wyoming has been an unusually supportive environment for startups, he told Cowboy State Daily.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cIt\u2019s fantastic,\u201d he said. \u201cIt\u2019s been great because everybody has been, \u2018Oh yeah, let\u2019s grab coffee. Yes, let\u2019s jump on a Zoom meeting.\u2019\u201d<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Then with programs like gBETA, Bass has been able to meet people from across the state wrestling with the same challenges he faces.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cWe\u2019ve also taken the mindset that we want to bootstrap this company as far as we can,\u201d he said. \u201cAt the end of the day, bringing on investors and stuff like that too early, you can lose control.\u201d<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Pouring everything into the company they can, meanwhile, has made them that much more determined to succeed.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cLike it feels like your baby,\u201d he said. \u201cYou\u2019ll do anything to make it succeed.\u201d<\/p>\n<p>Manufacturing Momentum<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Manufacturing Works Director Rocky Case told Cowboy State Daily the manufacturing trend in Wyoming is definitely on the upswing.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">It\u2019s so far reached 6.5% of gross state product. There\u2019s momentum behind that figure, and he expects it to continue climbing.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cI don\u2019t have the numbers in front of me, but yes, manufacturing in Wyoming is growing,\u201d he told Cowboy State Daily. \u201cYes, it\u2019s a business-friendly climate. And yes, manufacturers in Wyoming or that are considering coming to Wyoming are supporting that broader base of critical manufacturing industry.\u201d<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">By \u201ccritical\u201d manufacturing industry, Case is referring to things like the Department of Defense, transportation, energy, and health care.\u00a0<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cWe have to realize Wyoming is a very large state with a very small population,\u201d he said. \u201cSo, what\u2019s going to be our contribution to that critical manufacturing infrastructure.\u201d<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Brian Gross, meanwhile, who has built factories around the world, told Cowboy State Daily Wyoming is always among his top choices when he\u2019s siting a new business.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cSo many things are so easy to do versus the rest of the world,\u201d\u00a0he said. \u201cAny business filing, almost everything is online. If I have a problem I can\u2019t solve in Wyoming, I can easily go to whatever state office and meet a person who will walk me through the issue and help me to solve it.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">\u201cIf it is worse or better than before, I don\u2019t know,\u201d he continued. \u201cBut Wyoming is a dream location for doing business.\u201d<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Gaps are still real, but Wyoming is clearly winning the business world over, with more and more venture deals.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Founders more and more are saying even if there are challenges, Wyoming is not just where they want their business to be, it\u2019s the right place.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">In and of itself, that\u2019s strengthening the nutrients that grow businesses.<\/p>\n<p class=\"_1uhbe1z1 _1uhbe1z0\">Ren\u00e9e Jean can be reached at <a href=\"https:\/\/cowboystatedaily.com\/2026\/05\/03\/startups-venture-deals-surge-as-wyoming-set-up-for-business-boom\/mailto:renee@cowboystatedaily.com\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">renee@cowboystatedaily.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"At a crowded entrepreneurship conference in Riverton, Gov. Mark Gordon had a bold prediction for the Cowboy State.&hellip;\n","protected":false},"author":2,"featured_media":425477,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[114,293,85,46],"class_list":["post-425476","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship","tag-business","tag-entrepreneurship","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/425476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=425476"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/425476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/425477"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=425476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=425476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=425476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}