In 2023, Stephen Kaniewski left Nebraska-based agtech giant Valmont Industries after five years as CEO — and instead of jumping to another big business, took a turn to the startup world. His cousin, Greg Steinberg, had reached out for advice after inventing a new location technology that wasn’t dependent on GPS.
“The more that I got talking to him, the more excited about the idea I became, because there was nothing in the marketplace that was doing exactly what he was doing,” Kaniewski said.
“Once he was able to prove it to me — I call it getting over the Elizabeth Holmes syndrome (Holmes is a convicted fraud and founder of Theranos) — then I felt like it was a better time to get even more involved,” he said…