“All I can say is that we were not the same company after as we were before. We underwent significant changes,” Bylund says. “Our leadership structure, product and overall business philosophy were completely transformed. Additionally, the way we worked together and communicated as a team underwent a complete metamorphosis for the better.”
Bylund emphasizes the significance of the mentorship his team received in the context of their growth as a critical differentiator of incubators.
“You just don’t know what you don’t know. Having a great idea is one thing, but unless you have guidance from those who have preceded you, there are likely many aspects of execution you may be unaware of,” he continues.
Bylund also points out the value of learning from others’ experiences to “avoid repeating their mistakes.”
According to Keith Morey, development director for Provo City, Ryan Smith has rezoned and is developing two pieces of property on University Avenue near the mouth of Provo Canyon.
“There will be a residential community on the west side of the river that has already broken ground and a 300,000 square foot development on the east side of the river that is awaiting a finalized site plan,” Morey says.
“This is valuable … to Provo because it’s a further commitment to the legacy of the startups within our community,” Morey says. “To see businesses and people, individuals like Ryan, continuing to recognize the value of that fertile soil in Provo and to grow crops in that field is reassuring.”
With Ryan Smith’s investment signaling a renewed focus on fostering entrepreneurship, the collective enthusiasm expressed by Provo’s community leaders and technology community stakeholders underscores the collaborative spirit driving Utah’s continued resolve.
“I remember when this incubator was first announced, and I was excited that someone like Ryan Smith was going to build something like this,” Bylund says. “I hope that they build a serious curriculum and invest in the companies in a way that allows us to support startups so that Silicon Slopes can remain competitive with tech centers around the country.” 
