Prediction certainty 3/5 debate potential 2/5

Mycroft: Parking lots will become hubs for refueling, servicing, and grocery delivery

Frank Mycroft · 20VC: When To Transition From Growth to Profitability & The KPI's of The On Demand Economy with Frank Mycroft @ Booster Fuels · Jul 8, 2016 · at 26:56

Frank Mycroft, founder and CEO of Booster Fuels, outlines his vision for the future of mobile logistics and service delivery to parked vehicles.

0:00 / 0:28exact quote · 28.3s
720p mp4 · rendered on demand · StarZero watermark
“We view parking lots as an underutilized asset, especially in this day and age with real estate prices being as high as they are and mobile technology allowing you to Pinpoint locations very precisely, and so we believe that there will come a day where you can come back to your car from wherever you've been, and it's filled with fuel, it's filled with groceries, it's been serviced, and all of these things have just happened for you while you're away.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Frank Mycroft

Insight
Mycroft: On-demand startups need 5-10x minimum scale before unit economics focus
“Take what you think is your minimum viable scale, right? That the minimum level at which you've got the density to make money on a consistent basis. And you should probably multiply that number By five to 10.”
Frank Mycroft Jul 8, 2016 ▶ 12:25 20VC: When To Transition From Growth to Profitability & The KPI's of The On Demand Economy with Frank Mycroft @ Booster Fuels
Insight
Mycroft: Copying successful business models into new verticals leads to failure
“I think that any entrepreneur, any starting company that is trying to simply apply what was a successful business model in a different space to their new vertical is setting themselves up for failure.”
Frank Mycroft Jul 8, 2016 ▶ 7:02 20VC: When To Transition From Growth to Profitability & The KPI's of The On Demand Economy with Frank Mycroft @ Booster Fuels
Assertion Supported
Mycroft: Scheduled batch delivery makes Booster Fuels cheaper than gas stations
“This allows us vast levels of efficiency in our operations that we wouldn't have if we were trying to do this purely on demand, and that helps us keep our costs very low, and it lets us actually be more affordable than a gas station.”
Frank Mycroft Jul 8, 2016 ▶ 9:06 20VC: When To Transition From Growth to Profitability & The KPI's of The On Demand Economy with Frank Mycroft @ Booster Fuels
Insight
Mycroft: Focusing on unit economics too early stalls on-demand startup growth
“If you focus too soon on the unit economics, you may never get to the scale and the growth that you need for that engine to actually continue on its own.”
Frank Mycroft Jul 8, 2016 ▶ 10:57 20VC: When To Transition From Growth to Profitability & The KPI's of The On Demand Economy with Frank Mycroft @ Booster Fuels
Insight
Mycroft: Gas station distribution is the primary barrier for carbon-neutral fuels
“And what's interesting about these solutions is that the number one thing they struggle with is distribution. It's very hard to get into a gas station. It's very hard to get your solution blended into the mix. And no gas station wants to put in another undergr…”
Frank Mycroft Jul 8, 2016 ▶ 23:21 20VC: When To Transition From Growth to Profitability & The KPI's of The On Demand Economy with Frank Mycroft @ Booster Fuels
Insight
Mycroft: Starting a company is irrational unless driven by deep obsession
“You should never start a company. It's actually a pretty irrational thing to do from a probability of outcome perspective, so only do it if it's rubbing at your soul and eating at you every day that you're not going out and creating this idea.”
Frank Mycroft Jul 8, 2016 ▶ 4:19 20VC: When To Transition From Growth to Profitability & The KPI's of The On Demand Economy with Frank Mycroft @ Booster Fuels
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.