In this episode of The Bear Roars, Dan sits down with Andy Lipman—a telecom industry trailblazer whose legal and regulatory work helped open the door to competition and laid the groundwork for the modern internet. From his early days in transportation deregulation to leading the charge against the Bell monopoly, Andy has been at the center of telecom’s most pivotal moments. Their conversation spans the antitrust battles of the 1980s, the rise of MFS and Teleport, and Andy’s role in coining the term “CLEC” and shaping the 1996 Telecommunications Act. He shares stories about industry giants like Bill McGowan, Jim Crowe, and Bernie Ebbers, and explains how regulatory fights over interconnection fueled the explosion of internet infrastructure. Dan and Andy also talk about the dot-com bust, the legacy of WorldCom, and how today's fiber and broadband boom traces directly back to that earlier era. They wrap by looking ahead—discussing fiber overbuilds, Starlink, and the future of telecom as critical infrastructure. Whether you're a policy nerd or a broadband junkie, this one’s packed with insider stories and lessons that still matter today. Order Dan’s Book – Bandwidth: The Untold Story of Ambition, Deception, and Innovation that Shaped the Internet Age and Dot-Com Boom: dan-caruso.com/book To nominate a founder or yourself as a future guest speaker, email: contact@loudbearproductions.com
The Bear Roars
The Bear Roars is hosted by three-time decacorn entrepreneur and venture investor Dan Caruso. Colorado Innovators, the Bandwidth revolution (associated with Dan’s book), and DeepTech are areas of focus. The purpose is to celebrate innovators, inspire listeners, and spark conversations within the innovation community.
Latest Episodes:

Lenval Logan CEO of Phenom LLC, former U.S. Air Force intelligence analyst and UAP Task Force member
In this episode of The Bear Roars, Dan sits down with Lenval Logan—former intelligence analyst and member of the U.S. government’s UAP task force—to discuss his career in the military and intelligence community, and the work he’s done investigating unexplained aerial phenomena. From his early years maintaining B-52 bombers to briefing generals at the Pentagon, Logan’s path eventually led him to support efforts focused on identifying and analyzing objects that defy conventional explanation. Their conversation explores a range of topics, including military pilot reports of unidentified craft, the presence of unknown objects near nuclear sites, and the challenges of collecting credible data in a field often dismissed or ignored. Logan shares what it was like to be in the Pentagon on 9/11, how he became involved with the UAP task force, and why the stigma surrounding these reports has hindered both research and response. Dan and Logan also discuss the launch of Logan’s Phenom app, designed to allow the public to document and report sightings, as well as broader questions about transparency, government disclosure, and the psychological toll on service members who witness unexplained events. Whether you’re a skeptic or simply curious, Logan’s insights offer a measured, inside look at how the U.S. government has approached one of the most enduring mysteries of our time. Order Dan’s Book – Bandwidth: The Untold Story of Ambition, Deception, and Innovation that Shaped the Internet Age and Dot-Com Boom: dan-caruso.com/book To nominate a founder or yourself as a future guest speaker, email: contact@loudbearproductions.com
Isaiah Chavous (CEO) and James Paul (COO), co-founders of Noctal
In this episode of The Bear Roars, Dan sits down with Isaiah Chavous and James Paul, co-founders of Noctal, to unpack their journey from student government and film sets to launching one of the most ambitious sound design startups in the creator economy. Isaiah, a former CU Boulder student body president, and James, a Hollywood producer turned community builder, share how their shared grit and deep bond became the foundation for Noctal.
Bandwidth: Frank Louthan, Managing Director at Raymond James
In this episode of The Bear Roars, Dan sits down with Frank Louthan, Managing Director at Raymond James and longtime telecom analyst, to unpack the wild rise and fall of the telecom and fiber industry during the dot-com boom and bust. Frank covered many of the era’s biggest players—WorldCom, Level 3, Global Crossing—and brings a rare, unfiltered perspective on what really happened behind the scenes.
Colorado Innovators: Jeff Williams, CEO and CTO of Exum Instruments
In this episode of The Bear Roars, Dan sits down with Jeff Williams, CEO and CTO of Exum Instruments, to explore how his company is transforming materials analysis with its groundbreaking Massbox™ technology. Exum’s innovation allows for rapid, precise elemental analysis, making advanced scientific tools more accessible across industries like aerospace, battery technology, and national security.
Colorado Innovators: Greg Keller, co-founder and CTO of JumpCloud
In this episode of The Bear Roars, Dan sits down with Greg Keller, CTO and co-founder of JumpCloud, a cloud-based platform that helps businesses securely manage user identities, devices, and access across IT environments.