Alan Chang

31 statements across 2 episodes · 9 bullish · 5 bearish · 2 people on the record · first statement Jan 5, 2026 by Alan Chang · said 6 times in 5 episodes since 2024 · across every show →

On the record as a speaker too: Alan Chang's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Harry Stebbings (4), Val Scholz (2)

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Everything said about Alan Chang, oldest first

Jan 5, 2026
Insight
Chang: Autonomous leaders require agreed targets and monitoring, not daily management
“I don't even think of them as direct reports, right? I think of them as, like, you know, going back to self-guiding missile analogy, right? You don't need to manage those people. Right? Like you discuss and you debate about the target, right? But once you both…”
Alan Chang Jan 5, 2026 ▶ 46:27 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Insight
Alan Chang: Fast execution requires small independent units and replacing underperforming teams
“Have small teams yeah, small teams operating in the independent units and give them very clear goals and let them execute. And, you know, what you should do is monitor those teams and if they do well, let them be. If they don't do well, replace the team.”
Alan Chang Jan 5, 2026 ▶ 5:14 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
What-if
Chang: Fuse Energy could not have existed ten years ago
“I don't think Fuse could have been built 10 years ago. I think Fuse is only possible because the requirements have changed, right? Because the renewable penetration in the grid is so high, and the skills you need to, you know, the ability to manage renewables …”
Alan Chang Jan 5, 2026 ▶ 1:00:21 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Insight
Chang: An extreme work ethic is required to build a generational company
“There's nothing wrong with wanting work-life balance, but I think the only way to build a generational company is very, very strong work ethic. I just don't see any other way to do it.”
Alan Chang Jan 5, 2026 ▶ 0:19 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 bullish
Assertion Open · timeframe Dec 2026
Chang: Fuse Energy grew revenue from £2M to £200M in three years
“We increase our revenue with Tenex every year since inception. First year was two million pounds, second year was 20, and then this year we're gonna end at over 200 pounds.”
Alan Chang Jan 5, 2026 ▶ 0:34 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 positive
Opinion
Alan Chang: Physical infrastructure construction in the UK should be deregulated
“I would deregulate building anything physical. I would make it so easy for anyone to build.”
Alan Chang Jan 5, 2026 ▶ 24:31 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 positive
Disclosure
Chang: Fuse gives top candidates aggressive offers so they never leave
“And for straight A candidates, we have made offers that are, you know, much higher than what they make today. And even if we know that, that's okay, because we want to make sure we're a no-brainer for you, such that you will never think about leaving.”
Alan Chang Jan 5, 2026 ▶ 35:19 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Disclosure
Chang sends Steve Jobs' janitor essay to leaders who miss goals
“Every single time when one of the leaders at Fuse explains to me why they failed and they couldn't hit their own goal, I sent them this article.”
Alan Chang Jan 5, 2026 ▶ 40:22 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
What-if
Chang: Revolut was only possible due to recent EMI licensing regulations
“If you look at Revolut you know, I think Revolut is only possible because With the EMI license. And the EMI license was created, you know, just a couple years before Revelo was founded. So if, I don't think Revelo would be impossible, you know, 10 years before…”
Alan Chang Jan 5, 2026 ▶ 1:00:43 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Insight
Chang: Employees are underperforming if a gun to the head yields more
“If you have a gun pointed to your head today, would you have done more? If the answer is yes, that means you're not doing a good job.”
Alan Chang Jan 5, 2026 ▶ 8:27 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Insight
Chang: Department leaders take full blame for failure regardless of excuses
“If you're a leader of an area in the company, Excuses don't matter. If you succeed, you get all the praise. If you fail, you get all the blame. And it does not matter why you fail.”
Alan Chang Jan 5, 2026 ▶ 0:26 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Opinion
Alan Chang: Flying business class is worth it to preserve productivity
“Like, flying coach just kills your I think it just wastes two days, right? So just, I think it's worth, flying business helps you know, you can work on a plane and not feel terrible, you know, the day after, right?”
Alan Chang Jan 5, 2026 ▶ 57:55 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 negative
Opinion
Chang: Performance improvement plans are a complete waste of time
“I don't believe in pips. I think it's a waste of time.”
Alan Chang Jan 5, 2026 ▶ 35:54 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 bullish
Disclosure
Chang has only sold Revolut shares for basic personal consumption
“No. It's only solved for what I need to, only for personal consumption. I'm still very bullish on the company.”
Alan Chang Jan 5, 2026 ▶ 56:57 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Insight
Chang: Never Settle on Critical Roles, but Settle on Less Impactful Ones
“I think you have to pick your battles for sure. Ultimately, like, you need to identify the most important roles in the company and never settle on those roles. But the roles that matter less, I think it's perfectly ok to settle.”
Alan Chang Jan 5, 2026 ▶ 10:45 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 negative
Insight
Alan Chang: Prioritize Mission Care Over Pure Intelligence in Hiring
“So what you want to do is hire someone who really deeply cares about the company and about the mission, right? Someone who would, you know, stay up late, right? To fix this bug, right? Or stay over the weekend to get this new feature shipped. Even if you hire …”
Alan Chang Jan 5, 2026 ▶ 36:41 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 negative
Insight
Alan Chang: Startup throughput is limited by leadership headcount, not focus
“I actually think there are not enough ambitious founders out there, because ultimately the throughput of the company, like how many parallel work streams you can take at a given time is dictated by number of great leaders you have in the company.”
Alan Chang Jan 5, 2026 ▶ 45:15 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Insight
Chang: Leaders must share ugly truths to improve employees
“It's very important you have, you create a culture of truth seeking, right? And the truth is very ugly, you know, might hurt someone's feelings, you should still say it, because it'll make that person, you know, make that person better.”
Alan Chang Jan 5, 2026 ▶ 43:04 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Assertion Not checkable as stated
Storonsky replied to Alan Chang's job application within five minutes
“I applied and Nick replied within five minutes.”
Alan Chang Jan 5, 2026 ▶ 2:04 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 negative
Insight
Chang: CVs should never exceed a single page
“Yeah, I think it should be maximum page. Like, if Elon Musk can fill, put his CV in one page, so could you.”
Alan Chang Jan 5, 2026 ▶ 31:58 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 negative
Opinion
Chang: All energy subsidies should be deleted to lower consumer costs
“Number two is I would delete all subsidies of any kind. Because the goal for energy should be as low cost as possible. A subsidy basically means It's actually not profitable to build this project, but because the subsidy is now profitable. And who, think about…”
Alan Chang Jan 5, 2026 ▶ 24:42 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 neutral
Prediction Not checkable as stated
Chang: Fuse hires B candidates but offers them below-market salaries
“Our threshold is we will hire anything above a beat. So if you get straight Bs, you'll still get an offer, but the offer will be much lower, and it could be below what you're making today.”
Alan Chang Jan 5, 2026 ▶ 34:37 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Assertion Not publicly verifiable
Chang: Fuse Energy never hires external candidates into 'Head Of' roles
“Yeah, we've never given a head of position to anyone we've hired. We've only given to it based, based on performance.”
Alan Chang Jan 5, 2026 ▶ 38:54 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 neutral
Assertion Not checkable as stated
Chang confirms he parked a Ferrari outside his Balderton pitch
“Yeah, there's some truth to that, yeah.”
Alan Chang Jan 5, 2026 ▶ 51:11 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 positive
Insight
Alan Chang: Evaluate candidate body language when describing intense workloads
“Basically, when I explain to the candidate, you know, about what we're trying to build build a fuse, ambitions, how we want to be a number one energy company in the world, and the work, the hard work that requires to build it, you know, you want to, like, what…”
Alan Chang Jan 5, 2026 ▶ 30:58 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 positive
Insight
Alan Chang: Companies should have only one core cultural value
“I think one.”
Alan Chang Jan 5, 2026 ▶ 10:02 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Assertion Not checkable as stated
Storonsky interviewed Alan Chang with physics questions and offered him a role immediately
“So I came for an interview, and he asked me a bunch of physics questions, like, you know, I didn't realize I was applying for a physics job. And he offered me a role, you know, right after the interview.”
Alan Chang Jan 5, 2026 ▶ 2:13 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 bullish
Assertion Supported
Chang: Fuse Energy is generating over $400M in annualized revenue
“So the company is doing over four hundred million revenue, annualized revenue,”
Alan Chang Jan 5, 2026 ▶ 54:20 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 positive
Insight
Chang: Superior work ethic and weekend work are required to defeat energy incumbents
“Yeah, I'd say, like, as I said before, like, this is very hard, like, this only way to do it, like, we're going against, you know, big, big, big energy companies with, like, huge balance sheets. You know, billions in revenue. The only way to win is, you know, …”
Alan Chang Jan 5, 2026 ▶ 48:18 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026
Disclosure
Chang: I stop giving feedback to non-improving employees until they leave
“If I, when I realize a person, if I keep giving negative feedback to a person and they haven't improved, then I just stop bothering. Then, you know, they can leave the company.”
Alan Chang Jan 5, 2026 ▶ 43:24 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jul 6, 2026 bullish
Opinion
Stebbings: Willing to pay triple valuation for top founders
“Actually, there are founders like Alan Chang at Fuse or Jack at Airwallis. You could treble the price and I'd still pay it today.”
Harry Stebbings Jul 6, 2026 ▶ 50:37 Why Now is the Time for the App Layer | Why Startups Should be TokenMaxxing | Mike Mignano, USV · 20VC with Harry Stebbings
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