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Kelly Blake Joins Blue Creative Group

Executive Vice President Kelly Blake of Blue Creative Group

Blue Creative Group is excited to add Executive Vice President Kelly Blake to its team. With more than 20 years of experience, Blake made her name time and again by listening to clients and tailoring campaigns and services to meet their specific goals. She creates traditional media strategies, including marketing, events, retailer and consumer promotions, chiefly in the sports, outdoors, and health and wellness industries. In her spare time, Blake launched Plastic Impact Promise, which was built on the pledge of ending the use of single-use plastic cups and bottles at outdoor-industry events. “Kelly gets it done—that’s why she’s here,” says George Sass, managing director of Blue Creative Group. “Whether it’s identifying a problem like an enlightened crowd generating plastic waste or winnowing down an intricate strategy into action steps for a team to tackle, she gets results with a focus on high quality and meeting deadlines.”

Prior to Blue, Kelly was a Vice President at Catapult Creative Labs, the marketing agency for Active Interest Media, and also served as an Executive Director at Golin, a global IPG communications agency, taking the lead on the Clif Bar & Company and Mount Gay client work for the consumer practice in the San Francisco office. “I’m excited to join Blue Creative Group,” Blake says. “This is an opportunity to work with a terrific team. We have clients across a wide spectrum of industries and we’re able to deliver a range of top-quality services that target their needs with an approach that goes beyond what many agencies do. That’s fulfilling and fun at the same time.” Blake will work out of her office in the Bay Area, where she lives with her family and a pair of cats, and enjoys an active lifestyle.


Partner Andrew Murphy Considers the Fresnel Partnership a Force Multiplier of its Parts

Partner Andrew Murphy

Partner Andrew Murphy considers the Fresnel partnership a force multiplier of its parts, with the expertise of the partners backstopped by a deep bench of all stars. And watch what happens when it works.

The Fresnel Companies portfolio may seem like a diverse set of businesses brought together with little in common. But if one were to look more deeply, the commonalities emerge, and the shared DNA of customer-facing technologies becomes apparent. But it doesn’t just happen: There’s a lot of thought and planning that set these companies on the path for stratospheric growth, and Fresnel partner Andrew Murphy has been preparing for that throughout his life.

What kind of background do you bring to The Fresnel Companies?

I lived in Great Bend, Kansas, for the majority of my life. Outside of college and graduate school, I had permanent residence there. I grew up in a family-owned commercial cattle-feeding operation that my father had founded in 1959, and they also farmed quite a bit over the years. We managed to do really well, and I always wanted to follow in his footsteps. I managed to do that with only one small hiatus: When I got out of graduate school, I went to work with Koch Industries in Wichita as an analyst at their market desk for part of my tenure. The last 25 percent of my two-year stint there was spent as an assistant manager at one of their commercial cattle-feeding operations, when they were still in the cattle-feeding business.

The opportunity to come back to Great Bend arrived in 1997 and I took over as manager of our family facility there and started looking for other opportunities to expand our scope and reach, chiefly because consolidation was and is the trend in the livestock business. We started making acquisitions with a partner feedyard of ours and then made four such acquisitions. At that point we determined that we needed to merge all of these businesses under one umbrella because we discovered inefficiencies in the system, meaning that the entities that shared common ownership didn’t necessarily share the common goal. Communication had become an issue. So we thought the most efficient way was to take it all and merge it into a company we founded in 2006 called Innovative Livestock Services (ILS), which is still in operation. We grew that company and merged many different things into it, so it was a consolidation of, at the time, five feedyards and, with a large land acquisition, we merged both companies’ farming operations into one company. There were several periphery companies—anything from fuel distribution to environmental services for the feedyards to pellet mills—and brought it all under one big management structure and streamlined the system. We built it into one of the most integrated and successful risk-management systems that exists in the industry and still is the best in the business as far as I’m concerned. Even though I’m no longer there I’m proud of what we built. We grew it to a certain extent and there was a timing opportunity that gave us—there were four of us who owned around 40 percent of that company—a liquidation event that allowed me to be creative and branch out and do other things in ag tech and some other ventures, and tech in general for that matter.

Is that when you learned about The Fresnel Companies?

My history with Fresnel actually goes all the way back to about 1972 or ’73. The reason I say that is because Tom Thies and I grew up together. His family was in the meatpacking business and my family was in the cattle-feeding business. He’s the youngest son of his family and I’m the youngest son of my family. In Great Bend everything is just down the street, but we lived literally about a block and a quarter from each other growing up. Our parents knew each other well and got us together quite a bit, and then we learned how to ride bikes and we didn’t need our parents anymore. So my journey with Tom started a long time ago.

After I had left ILS, my family relocated to a vacation home we had in Telluride, Colorado. From there, I started working on different ventures, re-investing in different things, diversifying what I was investing in, looking at different opportunities, and helping out with companies. What I’ve discovered is that I’m a really crummy passive investor—I prefer to be very involved or as involved as they’ll allow, and sometimes a little more involved than they’ll allow. I work with the Telluride Venture Accelerator, where they bring in groups and have a pitch day, and we work with startups and companies at various stages of their development.

My actual journey with Fresnel began in 2016, when Tom and I were both going to be in Kansas visiting parents. He was closer to Kansas City and I was closer to the middle of the state and he said, “Can you meet me in Abilene?” So we met up, and we sat and drank beer in a little pub in Abilene, boyhood home of Dwight D. Eisenhower, just as a frame of reference, and we got to talking about all the things we were involved in, going beyond the surface level of a phone call. Tom was talking about all the companies under the Fresnel umbrella and all the different opportunities they were looking at as well.

I looked at him and said, “How much more powerful could you be if you just built the structure above it and ran these companies effectively?” The idea is you have people who would be directly responsible for each individual company but take off the burden—and this is very similar to what we did at ILS—of the financing, the risk management, the fundraising efforts, the management efforts, and business development. Let the managers manage and get the most out of the companies themselves, while deflecting a lot of the noise that comes in while you’re trying to run a company like Tring, for example, and looking at different opportunities: which things fit and which things don’t. Create your goals and then let the senior team go out and bring you the tools that you need and focus those things down to where they belong. That was a very successful structure and I see very similar synergies within the five companies under the Fresnel umbrella as well.

I had seen what we talked about work firsthand at ILS. We let the managers manage. We saw the success of individual feedyards, or individual companies in this case, because they really ran as independent entities under one umbrella. Margins increased, performance was better, we didn’t have to worry about where more cattle were coming from. The ladies and gentlemen running those companies were able to focus on what was important and what made that company, that individual company, be successful, more so than having to worry about other things, such as, “We have to go through a financing component for this” or “We have to go out and be experts in the market and try to put risk management positions on,” and so on.

Was it something in the water in Great Bend?

There was a lot of excitement after that conversation, and then shortly thereafter I was introduced to Mr. Casson and we were a brotherhood. It’s interesting. Tom is the oldest of us and Andrew is the youngest our particular group of people and Tom’s only four months older than Mr. Casson. I don’t know if you could have designed it any better than that.

And likewise the Fresnel portfolio companies, there are five currently—you always have to throw that out there when you have Andrew Casson in a leadership position—you never know what that guy’s going to come up with, so you have to be prepared. There’s a unique value proposition in not only the diversification of these companies, even though they’re semi-interrelated, it’s harder to get from a Cipherium to a Clearly Ice & Water than it is to get from a Cipherium to an Emergent International Payment Systems. But all of them serve their direct purpose of being consumer front-loaded. They’re direct-to-consumer-type companies that enhance and enrich, and they all have this flavor to them—they’re all right there in front of everybody.

So it’s by design that each company makes the most of that high-profile position with consumers?

The best value proposition that exists is how active everybody actually is in the company, Tom and Patti and Andrew. But also how many people are willing to step in and be Experts-in-Residence, looking at those great opportunities. We have the best and the brightest basically in the on-deck circle. They could be called up to the plate at any minute. The broadening of the knowledge base is one of the most important things. These companies are not massive, so the talent pool has to be in a way, I don’t want to say artificial, but everyone is kind of a pseudo-full-time employee. As these companies grow, the components are there to seamlessly expand, which is great. And that really creates an opportunity for different biz-dev things, calling in different people for different meetings. Take Frank Murphy for example: He’s a prime-time player. And you look at the Experts-in- Residence right on down the line: We’re not talking about A players, we’re talking about All Stars, potential Hall-of-Famers. It’s amazing how it’s all come together over the last couple of years. I’m continuing to broaden horizons based on relationships that will ultimately come into play working on different projects and looking at where this enterprise can really go in the short, intermediate, and long term. I think everybody has to think like that.

One of the other things that’s unique about the Fresnel mentality, especially as you’re talking to partners and potential investors, is that one of the questions always is, “What’s your exit?” My experience in that realm is that if you’re thinking about an exit, you’ll never build anything. But everyone has to be honest with themselves. It’s always in play, and let’s be clear, even with entrepreneurs, everybody has their price, and everything is for sale, right? The exit strategy develops over time. My answer, and Tom asked me about this too, my answer always is, it depends. And it’s true, it depends on the circumstances, it depends on the timing, it depends on the buyer, or the seller, it depends on lots of things.

There are so many moving parts involved in this thing. And again, our primary focus is to build a successful company, one that outlasts the founders. It has to outlast all of us. And if you don’t build a successful company, you’re not going to have to worry about exit, except the only bad exit you can have, which is going under. And I think everybody realizes that.

But don’t entrepreneurs always look to sell?

I’ve been in the business world, but I have never really considered myself an entrepreneur although that’s what other people have labeled me. I look at people like Andrew Casson and how he developed the company that he built in the telecom world and did it in a completely different fashion to what was being done at that time, that’s entrepreneurial. Tom, getting out of college as a wet-behind-the-ears 23-year-old kid and being thrown into a business that hadn’t been created yet. Water kiosks were a thing, and water filtration was a thing, but creating a business out of it? I remember talking to him right after he had moved down to Arizona. I said, “Tom you can get water out of the tap. I think you’re nuts.” But he and his dad saw something that nobody else was seeing, and it obviously turned out to be extraordinarily successful.

I consider myself more of an operations guy, more of a strategist, than an entrepreneur. I’ve learned a lot in my career and I continue to learn, and I don’t ever want to stop doing that because that means something bad has happened. My goal is to be better every single day, even if it’s percentage points, even low percentage points.

I’ve learned that the way you structure a company, you build it like it’s been running for ten years and that philosophy flows equally throughout all of the Fresnel Companies. And that’s what drew me into the mentorships with groups like Venture Accelerator and other groups that I’ve consulted with over the years. It’s that you can make a product and start with a great idea or a solution to a problem. They really both have to be there, you have to be solving a problem. There are lots of mistakes you can make along the way. If you have your eyes on the prize and it’s like ten years out and you’ve got a staff of a hundred or 200 or whatever you’re going to have at your maximum size, you can avoid 75 percent of mistakes that you might make.

So building the structure of a company allows it to reach that critical mass sooner?

All this is circling back to the point: This group of people, Tom Patti, Andrew and I, we’re pretty damn battle-tested, and also backed up by the Experts-in-Residence. Who in this group is not going to, first, see a mistake or bad decision coming, second, stop it from happening, and, third, eliminate that mistake from being part of the process? I think that like-mindedness is equally enhanced by the fact that all of us—Tom, Patti, Andrew, and me—we all may get to the same point in a discussion, but we don’t all get to the same point the same way, and that’s the value of keeping your eye on the prize. People come to understand it, how we each get there is one of those things. There are differences in personality, and how I approach things may not be successful in certain settings in how I would convey them, but in other settings they are. And it’s the same with all of us. How we get to the end is different, but we all have the same end.

And the Experts-in-Residence think the same way, so there’s a certain amount of validation. We review decisions: This is our go-to-market, or this is our technology play, or this is what we see in the Emergent sector, and we come up with it and we get validation and/or enhancement of what we’ve just got done working on, which is really what makes it that much better.

How is that different from what an advisory board does?

That word Advisory Board is a term that is way overused. I’ve sat on “advisory boards” and all they really turn into a reason to have a boondoggle once or twice a year. That’s all they do because the advisory board is rarely informed about what’s going on day to day in most cases. In my opinion, they’re useless.

We spent a lot of time discussing this group of men and women that we’ve got, and what to really call them: Experts-in-Residence. And Lisa Meade, she liked what she saw and jumped in, not even waiting for the invitation. We hope there’s a waiting list to be an Expert-in-Residence. We hope that’s what we’re really developing: People throwing their talent at us on purpose. And what a terrible problem to have, that we have more talent to draw on. That’s really the essence, because we draw on the talent, rather than holding meetings to get a rubber-stamp approval.

These five companies are in position that any or all of them can go stratospheric at any time. The first one is always hardest. We’re seeing massive amounts of traction inside Emergent right now, and this is what we said it was going to be people. And that’s the easiest way to say it. This is happening just the way we said it was going to happen.

And that’s really what’s going on with the portfolio companies, and players to be named later. We’re getting these companies to where they really could be, within their own markets. And that’s a really cool thing to witness.


New Blog: Insights from Parker Street – The Origins and Interactions of Good Business That Create Growth


Fresnel Expert-In-Residence Applies Proven Technology to New Challenges and Creates Efficiency and Profitability

Terry Reeves is an Expert-in-Residence for The Fresnel Companies and is an entrepreneur who focuses on applying technology to businesses to solve problems, helping to make them more efficient and effective, and evolving them from players to market leaders. This is a pertinent mission that applies to everything we do at Fresnel each and every day.

“We bring in Experts-in-Residence who each have a unique outlook on business,” says Tom Thies, partner of The Fresnel Companies. “The idea of using technology to improve efficiency may not sound particularly groundbreaking, but when Terry Reeves takes on a new business challenge, he doesn’t just throw the latest technology at it, he applies principles he’s learned to build value through efficient operation. It’s these ideas that make Enterprise Optimization work, sharing success across the whole portfolio.”

Terry Reeves brings a strong foundation to everything he does. His grandfather was an entrepreneur and started his own business. Terry started learning from him at an early age, and his grandfather’s teachings and his guiding hand and those of his friends have informed many of the decisions throughout Terry’s career and life. The men were part of The Order of the Arrow, the honor society of the Boy Scouts of America, and served on the council of that organization, and they were men with a wealth of knowledge and history of building character. “When you can take those things that are provided to you and actually absorb them, it’s amazing how you can lean back on them for the rest of your life,” Terry says. “They have had a great impact on my own decision-making skills, both in my personal life and also when it comes to business.”

Terry started Elite Discovery, a business that focuses primarily on the legal market and corporate legal, and consults on how to handle electronically stored information (ESI) during a lawsuit. Elite works with outside counsel, corporate legal teams, the Securities and Exchange Commission, and the Department of Justice to manage all the communications and product information to support a suit or an investigation.

Terry is certified in forensic investigations and he’s a forensic passware certified examiner (PCE) expert. Over the last 18 years, Elite Discovery has received 95 different awards for managed services, contract attorney review, database hosting, and from magazines like Texas Lawyer and National Law Journal, particularly in Texas, but the company also is a national presence. Because of how the business has evolved in that time, Terry has grown Elite by appealing to clients open to working with service providers outside their immediate geographic area, and so he’s been able to expand the reach and have revenue growth over the last few years.

“If you can utilize analytics in a manner to help your client be more efficient and more profitable so they can use their resources in other areas, it can help a company take a leading role in the market,” Terry says.

It became apparent to Terry that his understanding of applied technology would help him succeed beyond the legal space.

So he went green, but not in the way one might expect: He got involved with a business that installs artificial turf and putting greens. He saw an opportunity for an existing business that is profitable and sustainable, but the company lacked leadership and didn’t utilize technology. Terry brought some workflow management and analytics and added a little bit of insight into how to understand profitability, understand marketing, and understand how to connect the dots and communicate to their crews. With a little more efficiency, they had more resources and the ability to take on more jobs without adding more overhead. “We’re able to take that same philosophy, and then just replicate it,” Terry says. “We found something that works that we can document and replicate. It goes right along with Fresnel’s ideas.”

Terry also recently started a breathalyzer company in Texas. Blowfish Interlock provides a device that people have installed in their car when they get charged with driving under the influence. They breathe into the device to allow the car to start. Using the device is monitored carefully by the courts, but it’s a logistical hassle for people trying to abide by their sentences. Terry saw all these companies in the space selling themselves on cheap this and discount that. Instead he brought technology to bear on the problem with software that allows the users to sign up, directs them to a service center to get the devices installed in their cars, and provides up-to-the-minute, real-time reporting to the courts.

“I don’t think it’s about going in and trying to recreate the wheel, when you find a business and an entrepreneur, they have something that already fits a need,” Terry says. “They have a business model that’s already profitable, and they have the passion behind that story. You can work together to take all of that and put it into a tool or an engine to help connect the dots faster or in a more efficient manner. They can focus in on what they’re good at, and it’s a win-win for both sides.”

Terry indeed is a key resource to Fresnel and is representative of our philosophy of creating a deep bench of complementary talent that can ensure we continue to create value across our portfolio and drive results for our investors.


New Blog: Insights from Parker Street – Frequent Flyer Karma


VXP Radio Network to Rebrand as Tring Live Media and Expand Revenue Streams

Fresnel portfolio company VXP Radio Network, a recognized leader in the in-store audio market, is completing a comprehensive rebranding in celebration of the company’s 10th anniversary. Our partners and VXP managers realized that there is a much better way to offer instore audio that goes beyond just supplying background music as a service in the grocery vertical space.

As part of this bold initiative, VXP Radio Network has been renamed Tring Live Media to reflect a more uplifting identity and the evolution of our technology. Tring is focused on reinventing how consumers engage within the brick-and-mortar environment by enhancing the customer experience while simultaneously making them more valuable customers for our current and future retail partners.

Incorporating security-focused technology from partner company Cipherium, we’ll be able to better couple with the Point of Sale systems of individual stores to deliver predictive analytics and programmatic ad solutions within the brick-and-mortar environment.

A key differentiator is that our solution is designed to deliver product lift in specific categories for our advertisers and retail partners. By rolling out the new technology, ROI is quantifiable at the point of sale. And our head and heart approach also incorporates an enhanced entertainment experience within each outlet, from better music, custom content produced by the Blue Creative Group, and custom-developed radio solutions for each retailer.

“There are certainly in-store audio solutions out there, but Tring is not just another in-store audio company,” says Andrew Casson. “We’re at the crossroads of entertainment, customer engagement, data analytics, and retail sales. It may sound complex at first, but our sales message is simple: we create sales lift and create revenue-share opportunities for our clients. Having the data to shape how we engage customers within the retail environment is a game changer.”

Researching on how to evolve a market with a better technology solution is at the heart of what Fresnel does and how we approach every investment. Going into 2020 Q1, we’re excited to work with our existing client base, expanding this key grocery business, and driving media sales into these partner channels. With this firm foundation in place, as part of our value-creation plan, Tring Live Media will then move into other vertical markets including outdoor recreation, equine, marine, and arts and crafts.

A new name, new technology, and a new year are powering one of Fresnel’s most exciting endeavors full steam ahead. We look forward to sharing all the latest news and evolution with you as they roll out. Stay tuned!


Fresnel Expert-In-Residence Melds Management Theory and Technology to Improve Organizational Efficiency

Brett Guarrero is an Expert-in-Residence for The Fresnel Companies and is an industrial engineer, inventor, and consultant whose experience melds technology and management theory to optimize results.

“Our Experts-in-Residence are a key part of our Enterprise Optimization strategy,” says Andrew Casson, founder and managing partner of The Fresnel Companies. “They each bring a unique set of skills and an outlook that can provide immediate benefits to our portfolio companies. Brett has a proven record of creating opportunities for new technology through communication, education, motivation, and the integration of collaborative team-building methods. His engineering background helps him build consensus among teams to share a complete understanding of the goals at hand. Simultaneously, he seeks opportunities to cross-pollinate with other portfolio companies, a key aspect of Enterprise Optimization.”

Brett owns BPG, LLC, an interdisciplinary engineering and consulting firm located in Broomfield, Colorado. BPG specializes in energy-system assessments, design, and project management. Brett is also co-founder of Enzo USA, Inc., an energy system supply company, also headquartered in Broomfield. Enzo manufactures custom thermal management products for a range of industrial, institutional, and energy clients. Their products include custom pre-insulated utility enclosures, wall assemblies, tanks, and containment piping products.

He holds degrees in industrial engineering, finance, and marketing, with math and physics minors. He also holds a Master of Science in Management, with an emphasis on leading technical teams, as well as many certifications surrounding energy management.

One reason Brett enjoys his role as an Expert-in-Residence with Fresnel is that he combines his education, professional and life experience, and global travel with his innate ability to create simple, but unique solutions for technical challenges. While Brett has brought his thought leadership to numerous companies as an employee and consultant, this Expert in Residence enjoys combining the full depth of his technical expertise with the ability to know his audience and explore all possible solutions.

Brett started his career in the family’s tool and die business, developing a fascination for watching products emerge from a chunk of metal and learning how those little products, assembled correctly, created full machines. He’s invented and patented products, and helped others patent their products. Hooked on systems theory, Brett found he could analyze the benefits of integrating new technology and look at it against the backdrop of a market, while also considering the finance side of the equation. These skills let him offer helpful insight to technology companies under the Fresnel umbrella.

“I think one of the really interesting steps in the patenting process is the landscape,” he says. “Where does your product fit into the global landscape? And, how many resources does it make sense to put behind it, based on the potential revenue of this really cool gee-whiz product?” He understands the software and tools that help companies get to those decision points and enjoys getting to know the ownership.

Since Brett has been through it, he’s felt the lumps and pains of pursuing his own patents and getting product to market. “I think you can help people more if you have experience doing the thing that you’re coaching them on,” he says. “You get a sense, for better or for worse, if they’re ready to let go of their baby—their invention. And you can help them along to say, Is it the right time?” Anyone who has been a part of momentous decisions regarding investment, product development, and company growth knows this is a key aspect to the decision.

The people with whom Brett interacts—CEOs, CFOs, and COOs—generally stay really busy keeping their companies afloat. They’re also busy with their investment pool, and they have a family life as well. Brett adds value by coming in and reviewing the landscape, helping them to think critically about the things that need to be solved first. “I often assist by first identifying and defining the ‘research question,’” he says. “It’s that thing you know, or want solved, but haven’t yet carved out of the stone.” In an effort to keep stakeholders involved and focused on the organization’s purpose, Brett communicates, integrates, and continually revisits the goals and priorities of the company. This key strength is what Brett brings to the discussion as an Expert-in-Residence.

His experience has taught him that, to get a point across to a group of people with many different learning styles, it is often necessary to teach people precisely the look and feel of how their daily work results in what is most useful for the whole company. The diverse companies he encounters within the Fresnel portfolio benefit from his agile style. “Teaching this is second nature to me,” he says. “I am able to teach nearly any topic to nearly any audience.” His résumé backs this up, showing he has taught technology to previously incarcerated adult women enrolled in an associate degree program, electromechanical assembly process and J-standards soldering to personnel serving customers including NASA, nuclear medicine, and the military, and business process system improvement techniques to CEOs and boards of directors.

He’s excited to work with The Fresnel Companies, chiefly because the variety of projects is so diverse. The work as an Expert-in-Residence allows him to amplify his effect by letting him work with multiple companies, with their management and their ideas, helping them develop their systems and scale up their production effectively.

Perhaps the most appealing aspect of The Fresnel Companies to Brett is the idea of looking for the synergies that could exist between the portfolio companies, spotting opportunities and capitalizing on them, in ways that benefit everyone involved. “Some people do Sudoku or puzzles, and some people look for connection opportunities,” Brett says. “Joseph Jaworski wrote a fun little book called Synchronicity that describes a cubic centimeter of opportunity—every day this little, pea-size thing is floating around. And it’s up to us to find it.”