'Building' a Company
Building a building is a lot like building a company — you need a solid foundation and the right raw materials to make sure the finished product lasts.
That's what Nick McRae and Max Kommor were looking for when they launched their company, MetaConstruction Technologies LLC. McRae's background was in software development and information technology leadership, and Kommor had worked in the heavy highway industry.
"Putting the two of us together was a perfect fit," said McRae, the company's CEO. "So being able to experience that first hand and getting to build a team and a company from the ground up has been a lot of fun."
The founders met in the Entrepreneurship MBA program at the University of Louisville College of Business, which teaches students to launch their own company.
Among other things, they learn how to make a strong business pitch and secure funding. The MetaConstruction team participated in several new venture competitions throughout the state, including UofL's own Cardinal Challenge.
"It's been huge," said Kommor, the company's COO. "It's really the confidence level. Not only have we been through this multiple times, but we've each given pitches in front of hundreds of people....being able to sit down with investors and understand best interests on both parts is really a no-brainer now."
UofL also reaches beyond campus, connecting students to mentors from the city's business community.
"We were able to not only learn from the text book and do case studies, but actually watch real executives and business people," McRae said. "It's actually bringing the Louisville community and the MBA together, so it was a great opportunity for us."
MetaConstruction's first product, Blacktop, is a software platform that lets asphalt contractors dispatch and locate dump trucks. Past that, McRae said they're looking at new applications and potentially making the data collected available to the public sector to inform infrastructure decisions.