Tom Simpson – Building Spokane’s Startup Ecosystem and Culture

In this episode of Chess Not Checkers, hosts Keith Riddle and Jordan Tampien sit down with Tom Simpson, a key figure in Spokane’s entrepreneurial community, to discuss his journey and insights into the local startup ecosystem. Tom, a Spokane native, shares his experiences—from his educational path at the University of Washington and Wharton to his return to Spokane in 1995, where he became a driving force in local entrepreneurship.

As CEO of Ignite Northwest, President of the Spokane Angel Alliance, and Managing Member of the Kickstart CCF Fund, Tom has dedicated his career to fostering startup growth and investing in emerging companies with explosive potential. In this episode, he emphasizes the importance of looking beyond local markets and scaling companies to national and global opportunities, setting a benchmark for success with revenues reaching $100 million within five to seven years.

Tom also reflects on how Spokane’s entrepreneurial ecosystem has evolved since the 1990s, highlighting the increased support for startups and the growing recognition the city now has in the venture capital world. He discusses the challenges that young entrepreneurs face—particularly in building a strong company culture and leadership—and shares valuable advice for those looking to start their own ventures, especially recent graduates and individuals in the early stages of their careers.

As Tom envisions the future of Spokane, he draws parallels to cities like Seattle, which saw massive growth thanks to tech giants. He believes Spokane is on the cusp of its own “lightning strike” moment, where the city’s infrastructure and committed individuals like Tom will help it thrive as an entrepreneurial hub.

Tune in to hear Tom Simpson’s inspiring journey and his vision for Spokane’s future. His story provides valuable lessons for anyone interested in the power of entrepreneurship, fostering growth, and making a lasting impact in their community.