The Ledger, every show

“Power is not fungible across time and space. So you have a lot of power, for example, wind power in north of Scotland. That are being told to turn off because the power is not getting to where it needs to be.”

“So, like, if you look at the, what the Brits and Europeans pay in terms of, you know, cost per kilowatt, it's roughly 25 to 30 dollar cents. And the US is 10 to 15 dollar cents. In China, it's eight dollar cents.”

“They've laid more cables of grid than all Western economies combined.”

“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…”

“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.”

“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.”

“So first of all, it's probably the only place in London where you can keep expanding offices, right? So you can keep upgrading office without incurring a big penalty in your lease.”

“So we found a single wind turbine in north of Scotland that the seller is willing to sell for 750 K. We found a license for 75 K. We convinced the former CEO of Ofgem to become an advisor with just equity and no cash. And my co-founder Charles became a qualifi…”

“Yeah, there's some truth to that, yeah.”

“Yeah, I think they really, really like the concept, and I think what they realize is, is a pretty good strategy, and I realize after the, you know, a lot of their investments, I think they, they've just, because they made so much money from the Revlon investme…”

“I think it's speed of hiring quality engineering. That, that's the biggest barrier. There's no capital. It's quality of engineering.”

“If someone's gonna do it, it's Nikolai.”

“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?”

“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 …”

“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…”

“Yes. In the most recent round.”

“Well, I would say, like, we do want to create liquidity opportunities for employee stockholders, and, you know, sometimes people need to buy a house, they need to buy a car, they need to, and yeah, I think, yeah, some liquidity is helpful.”

“I think what would be, we'd love to build a world where You know, power is so cheap and abundant that any builder, you know, AI or otherwise, don't even think about power anymore, and they can just build more, and economies start growing again as a result. Tha…”

“During the COVID lockdowns the interchange revenue, so, you know, revenue from people spending on cards, especially abroad, went basically near zero, right? However there was a lot of stimulus checks, right? From the COVID times and the stock market was boomin…”

“So although our whole backend is in Python we will hire any backend developer even if they know nothing about Python.”

“No. It's only solved for what I need to, only for personal consumption. I'm still very bullish on the company.”

“I applied and Nick replied within five minutes.”

“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.”