In this episode of The Bear Roars, Dan Caruso sits down with Seth Levine—co-founder and Partner of Foundry and one of the architects behind Colorado’s modern venture landscape—for a special live recording.Seth shares his path from the telecom trenches of the 1990s into venture capital, and how mentors and early investors shaped his view of what community-driven entrepreneurship could look like. He recounts the shaky years after the dot-com bust, when many firms disappeared, and how a new wave of collaboration led to the birth of Foundry and Techstars.Seth also draws parallels between past downturns and today’s market reset, offering candid thoughts on valuations, timing, and the cycles that keep reshaping venture.Looking ahead, Dan and Seth explore where the next breakthroughs will come from: defense tech, advanced energy, quantum, and Colorado’s unique role in space. They examine the delicate balance between homegrown capital and outside investment, and how regulation could either fuel or hinder the state’s momentum in AI.Learn more about Foundry: https://foundry.vc/Order Dan’s Book – Bandwidth: The Untold Story of Ambition, Deception, and Innovation that Shaped the Internet Age and Dot-Com Boom: dan-caruso.com/bookTo nominate a founder or yourself as a future guest speaker, email: contact@loudbearproductions.com