Is Bentonville the New Retail Innovation Capital? A Conversation with Are Traasdahl, Founder of Crisp

When most people think of tech innovation, their minds go straight to the coasts: Silicon Valley, Seattle, maybe New York.

But Are Traasdahl, founder of Crisp, Spring Capital, and now Arkade, sees the future of retail innovation happening right here in Northwest Arkansas.

“I think people would be surprised to hear that,” Traasdahl said. “But when it comes to retail and commerce, this is where innovation is actually happening.”

From Global Tech to Local Impact

Traasdahl has built and sold multiple technology companies, but his latest focus has a distinctly local edge. Crisp, his data platform, already employs over 50 people in Northwest Arkansas and serves more than 300 customers in the region. His newest venture, Arkade, aims to make Bentonville a magnet for international retail tech companies ready to plug into the world’s most advanced retail ecosystem.

“Arkade is a meeting place and forum for technology companies that really want to be part of this ecosystem,” he said. “We’re helping companies from Scandinavia, Asia, and across the U.S. come here, collaborate, and accelerate product innovation.”

Beyond Startups: A Home for Growth-Stage Innovators

Unlike traditional incubators that nurture early-stage founders, Arkade focuses on scale-ups — companies that already have 100–300 employees, proven products, and paying customers.

“When you work with the large companies that are based here, you need to have some scale,” said Traasdahl. “We’re focused on Series B, C, and D companies that are ready for enterprise customers and looking to grow faster.”

It’s a strategy rooted in realism: Northwest Arkansas isn’t trying to be the next Silicon Valley. It’s building a vertical innovation hub that specializes in what it knows best: retail, supply chain, and commerce technology.

Spring Capital and the Power of Patience

Supporting all this is Spring Capital, Traasdahl’s family office and investment vehicle. Unlike traditional venture funds bound by five-year cycles, they take what he calls a “patient capital” approach.

“We can take a five-year view, or a 50-year view,” he said. “There’s very little financial upside in creating a place like Arkade, but when you do something because you believe in it, it ends up being positive for everyone — the community, the companies, and the ecosystem.”

This long-term mindset allows Traasdahl to make bold, infrastructure-style bets that don’t always show immediate returns but can reshape an entire region’s innovation economy.

Why Retail Innovation Belongs in Bentonville

For Traasdahl, Bentonville isn’t just Walmart’s hometown. He views it as the epicenter of the world’s most advanced retail network.

“It’s the only place in the world where you can meet Procter & Gamble, Unilever, Mars, Mondelez before lunch, and then have dinner with a retailer,” he said. “The efficiency around product and business development is next to nothing.”

That proximity between brands, suppliers, and retailers fuels collaboration, and increasingly, rapid product innovation.

“We had a dinner with a customer on Monday night, and one of our engineers built the feature that came up in conversation by 11 p.m. that night,” he recalled. “That would have taken six months a year ago.”

Not surprisingly, Traasdahl sees AI as the defining force of the next decade.

“We’re experiencing the biggest shift in technology ever,” he said. “What’s happening in AI now is 10 times bigger than mobile or cloud.” But to make the most of it, he says, talent must go beyond “learn to code.” The engineers of the future must understand the industry they’re building for.

“You need engineers who understand the problem, the ROI, and the customer,” he said. “Those engineers are easier to find here than anywhere else.”

Building the Future, One Ecosystem at a Time

Ultimately, Traasdahl’s mission goes beyond building successful companies. He’s building an ecosystem with the aim to produce unicorns, attract capital, and train the next generation of retail innovators.

“I’d love to see a unicorn come out of Arkansas,” he said. “There’s no reason it shouldn’t happen here.”

Why It Matters

As retailers like Walmart lean into AI and tech-led transformation, Bentonville is no longer “flyover country.” It’s becoming a model for how local ecosystems can drive global innovation — fast, collaborative, and grounded in real-world retail expertise.

As Traasdahl put it: “Innovation isn’t happening on the coasts anymore. It’s happening right here in the retail capital of the world.”