Everything Alan Chang said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Alan Chang: Directly Incentivizing KPIs Causes Employees to Game Systems
“Once you start incentivizing against that, teams find ways to game it.”
Chang: Regulators are incentivized to be risk-averse, harming economic growth
“The issue with, the issue is like the bigger you get, I guess more scared the regulators are of you because if you succeed, they have no upside. They don't get a bigger bonus. But if you fail, like they might lose their jobs. So it's ultimately like, you know,…”
Alan Chang: Legacy banking incumbents haven't woken up to challenger threat
“I still don't think they realize. I still don't think the incumbents have woken up yet.”
Chang: Energy consumption per capita correlates strongly with quality of life
“There's actually, A very strong correlation between how much energy you use per capita and quality of life.”
Chang: Developed economies are in an energy crisis, with the UK worst off
“I think we're in energy crisis already. In, in the whole developed economies, UK is in the deepest trouble.”
Chang: UK energy consumption dropped 25% while China's grew 7x
“So if you look at energy consumption per capita in the last 25 years, UK has dropped 25%. In the US, it's been flat. In China, in the same period of time, it's gone up by seven times.”
Fuse Energy required to conduct multi-year bird surveys for UK plant
“One of the, so we're trying to build a power plant in the UK and, you know, one of the things council have a complete discretion over, you know, planning, especially around environmental impact. So we had to do, you know, wintering bird surveys, right, over se…”
Alan Chang: Regulation, not capital, restricts UK infrastructure construction
“If you speak to any of the, you know, infra capital providers they want to deploy a lot of capital to building infrastructure. So the problem is not capital. The problem is it's very, very hard to build.”
Chang: China deploys more solar power than all Western economies combined
“In China, they deploy more solar than the all Western economies combined.”
Alan Chang: Matt Clifford would be a good leader for the UK
“Mac Clifford is a pretty good choice.”
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.”
Fuse Energy eliminates compensation bands, setting offers by skill grade
“So as a company, we don't actually use any comp bands. We simply look at the grades and the higher the grade, the higher our bid.”
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 …”
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.”
Chang: True Top Performers Excel at Internalizing Negative Feedback
“Like, what I found is, like, usually top performers internalizes negative feedback very well. They take negative feedback to heart, and they find ways to improve, right? If there are people who don't take negative feedback well, I don't think they're top perfo…”
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.”
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…”
Chang: Fuse Energy targets 5x to 10x revenue growth next year
“Something around there. But we'll, we'll, we'll still shoot for 10. I think we can.”
Alan Chang: Eastern European engineers have strong work ethic and technical education
“Because culturally they, I think they favor technical education and they have very strong work ethic.”
Alan Chang: Shell would be worth more if listed in the US
“I think if they were listed in the US, they'd probably be worth more.”
Alan Chang: Fuse Energy will only list publicly if private liquidity dries up
“If we ever list, I think it would be the US, yeah. I personally don't see a need to. There's a lot of liquidity in the private markets And obviously there's additional overhead being a listed company. Like, so far, like the only, like, only, only reason I see …”
Chang: Revolut was the only Level39 startup working past 7 PM
“Level-Thirty-Nine is, yeah, for those who don't know, it's basically a giant, yeah, a startup co-working space with maybe over 200 startups, and Revolut was the only team that worked past seven p.m. On the weekday. So after seven p.m., the whole floor is dead.…”
Chang gave Fuse Energy's past execution speed a four out of ten rating
“I told the team last year execution was maybe four out of 10.”
Chang: Americans consume almost eight times more energy than Europeans
“The Americans use, you know, almost eight times more energy than Europeans and look at the quality of life.”