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Artwork for Innovate or Evaporate

Innovate or Evaporate with Toph Day

Elevate Ventures
Artificial Intelligence
Entrepreneurship
Indiana
Venture Capital
Indianapolis
Faith
Indycar
Indy 500
NIL (name Image Likeness)
Sweetwater
Zoom
Authenticx
NIL
Storytelling
The Female Quotient
Doriot
Lucas Oil
500 Festival
Marketing
Artificial Intelligence In Film

Explore the relentless pace of change and the innovators who drive it. Each episode, we dive deep into the world of cutting-edge ideas, breakthrough technologies, and fearless pioneers who are pushing the boundaries of what’s possible.

PublishesTwice monthlyEpisodes47Founded2 years ago
Number of ListenersCategories
BusinessEntrepreneurship

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Artwork for Innovate or Evaporate

Latest Episodes

Kenny Moore II turned an undrafted start and a preseason release into a Pro Bowl career, then built a community mission that reaches far beyond football.

Moore traces his path from Valdosta, Georgia, where he grew up as the only boy among seven chil... more

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Katie Lucas built her credibility in a hyper-traditional industry from scratch, starting as an outside marketing consultant before rising to president of Lucas Oil Products, one of America's most iconic industrial brands. The company ships more than ... more

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David Becker saw friction where others saw stability, and in 1998 he built the first fully online bank in the United States with no branches, no tellers, and a safe full of candy bars to satisfy regulators.

Becker, founder and CEO of First Internet ... more

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Craig Gunckel took a receipt paper company no one believed in and delivered a 15X return for investors. Now he's doing it again as CEO of ODP, the parent company of Office Depot and OfficeMax, after Atlas Holdings completed its acquisition in Decembe... more

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David Meltzer lost over $100 million, his mother's home, and nearly his marriage before rebuilding his life around faith, gratitude, and intentional living. The chairman of the Napoleon Hill Institute and former CEO of Leigh Steinberg Sports & Entert... more

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In this episode of Innovate or Evaporate, host Toph Day sits down with Dave Neff, CEO of the 500 Festival, to explore how relationships, trust, and innovation shape one of Indiana’s most iconic civic traditions. Dave shares his journey from the India... more

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Ed Carpenter has spent more than two decades competing in the Indianapolis 500 while simultaneously running the team that fields his car. The owner-driver of Ed Carpenter Racing discusses what it takes to survive and compete as an independent team in... more

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Mark Miles, President and CEO of Penske Entertainment Corp., built a career out of pulling off events that other cities couldn't. From negotiating with Fidel Castro to land Cuba's athletes at the 1987 Pan American Games to restructuring global televi... more

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Recent Guests

Katie Lucas
President of Lucas Oil Products
Lucas Oil
Episode: Katie Lucas on Leading Lucas Oil's 300-Product Empire
David Becker
Founder/CEO focused on First Internet Bank and fintech ventures
First Internet Bank
Episode: David Becker: Building the First Internet Bank From Scratch
Craig Gunckel
CEO of ODP, former CEO of Iconex
ODP Corporation / Office Depot OfficeMax
Episode: Craig Gunckel, CEO of ODP, on Transforming Office Depot and OfficeMax
David Meltzer
CEO, author, and business and personal development advocate
Sports One Marketing; Napoleon Hill Institute (chairman)
Episode: How David Meltzer Lost Everything — and Found Purpose
Dave Neff
CEO of 500 Festival
500 Festival
Episode: Dave Neff on Leading the 500 Festival and Building Trust
Mark Miles
CEO Penske Entertainment; former head of Indianapolis sports initiatives
Penske Entertainment
Episode: Mark Miles on the Indy 500, Roger Penske, and Building Big
Mariah Ivey
Artist, storyteller, Keeper of Culture
Self-employed/Indy-based artist and storyteller
Episode: Mariah Ivey on Storytelling, Trust, and Keeping Culture Alive
Chris Jensen
Mayor of Noblesville
City of Noblesville
Episode: Mariah Ivey on Storytelling, Trust, and Keeping Culture Alive
Mel Raines
CEO of Pacers Sports & Entertainment, strategic leader with political background
Pacers Sports & Entertainment
Episode: How Innovation Became Core to Running an NBA Team with Mel Raines and Joey Graziano of Pacers Sports & Entertainment

Host

Toph Day
Host of the show

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Talking Points

Recent interactions between the hosts and their guests.

The Democratization of Venture: Gerry Hays and the Rise of Venture Staking
Q: How does this differ from traditional venture funding?
Traditional venture funding relies on large capital, extensive networks, and long diligence cycles, often leaving out retail investors. Venture staking creates a predictable, staged participation mechanism where early stake purchases secure future investment rights, enabling a broader set of investors to back potential market leaders while maintaining clear alignment of risk and reward.
The Democratization of Venture: Gerry Hays and the Rise of Venture Staking
Q: What is venture staking?
Venture staking is a two-sided marketplace where supporters buy rights to invest in an entrepreneur's future rounds, providing non-dilutive upfront funding (a grant-like mechanism) while securing the option to participate in subsequent rounds. It democratizes access to startup investing by allowing smaller investors to back early winners and share in the upside if the company succeeds.
Focus or Fail: Kevin O’Leary on the Mindset of Market Leaders
Q: What are you optimizing for in leadership and team building?
Hire slowly but test with six-month contracts before offering stock, ensuring the right fit and minimizing risk to the team; focus on three high-priority tasks each day to maintain signal over noise.
Focus or Fail: Kevin O’Leary on the Mindset of Market Leaders
Q: What happens after a deal is pitched on Shark Tank?
Due diligence happens off-camera with dossiers and honest disclosure; misrepresentation or exaggeration can cause a deal to fall apart, and truthfulness is critical for investment decisions.
Focus or Fail: Kevin O’Leary on the Mindset of Market Leaders
Q: So how did the watch insurance idea come about?
He explains that two collections were stolen and ordinary home policies undervalued items, so he created Wondercare to insure replacement value, using public data to price accurately and moving quickly with AI.

Audience Metrics

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Frequently Asked Questions About Innovate or Evaporate

What is Innovate or Evaporate about and what kind of topics does it cover?

Innovate or Evaporate features conversations with leaders spanning finance, retail, technology, sports, politics, and storytelling, all centered on rapid change, entrepreneurship, and practical strategy. Episodes frequently explore how cutting-edge tech (including AI), innovative business models, and big-scale projects reshape industries, communities, and regional ecosystems. Notable throughlines include leadership and culture in transforming legacy organizations, the role of storytelling in building trust, and the intersection of policy, economics, and technology in shaping future opportunities. A recurring strength is bringing hands-on lessons from executives and founders to listeners seeking actionable insights for growth, resilience, an... more

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1. Indiana 250: Off the Record with Nate Feltman
2. The IBJ Podcast with Mason King
3. Up First from NPR

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Innovate or Evaporate launched 2 years ago and published 47 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Innovate or Evaporate?

Recent guests on Innovate or Evaporate include:

1. Katie Lucas
2. David Becker
3. Craig Gunckel
4. David Meltzer
5. Dave Neff
6. Mark Miles
7. Mariah Ivey
8. Chris Jensen

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