20VC: Plaid and Column Co-Founder, William Hockey on Why the Brands that Win in Fintech Will Not Be Financial Services Brands, What US Banking Can Learn from China & Why Companies Can Be Built Slower than People Think?
2nd December 2022
Frank Mycroft is the Founder & CEO @ Booster Fuels, the on-demand fuel delivery service backed by the likes of our friends at Maveron and Version One. As for Frank himself, he is literally a former rocket scientist with Nasa and has more degrees that I have done podcast episodes, making him one of the smartest guests we have ever had on the show. Directly prior to Booster Fuels, Frank was the VP of Strategy @ Planetary Resources, the Redmond based, asteroid mining company.
In Today’s Episode You Will Learn:
1.) How Frank came to Found Booster Fuels from his days with Nasa?
2.) How important a role does naivety play for founders starting building their company?
3.) With Fuel being such a low margin business, how does Frank balance growth vs profitability with Booster Fuels? What are the tips for doing so in the on-demand economy?
4.) When is the transition point between growth at all costs to focusing on profitability and unit economics?
5.) To what extent is regulation a limiting factor for the growth of Booster fuels?
6.) Question from Dave Wu @ Maveron: What did Frank look for in his Series A investors? Question from Angela @ Version One: What is Frank’s wider vision for the future of on demand and Booster Fuels?
Items Mentioned In Today’s Show:
Frank’s Fave Book: Oh The Places You’ll Go
20VC: Wolt CEO, Miki Kuusi on Leadership Lessons Scaling to a Reported $8.1BN Exit to Doordash, Building Teams not Families, The Difference Between Trust and Safety Within Companies, How To Use Compensation to Create Culture & Why You Should Not Be Looking For People Who “Have Done It Before”
28th November 2022