20VC: When To Transition From Growth to Profitability & The KPI's of The On Demand Economy with Frank Mycroft @ Booster Fuels
2016-07-08 · 29 min · 12 entities
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20VC: When To Transition From Growth to Profitability & The KPI's of The On Demand Economy with Frank Mycroft @ Booster Fuels
Episode description as stored
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
As always you can follow The Twenty Minute VC , Harry and Frank on Twitter here!
If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Snapchat here!
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