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Scott Duffy

Founder, AI Mavericks · 1 appearance on the record.

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founderauthorexecutivehost@scottduffymedia ↗LinkedIn ↗scottduffy.com ↗

Scott Duffy founded Smart Charter, an online private aviation marketplace acquired by Richard Branson’s Virgin Group to become Virgin Charter. He currently leads AI workforce training at AI Mavericks and has authored business books including Launch! and Breakthrough.

11statements → 4claims → 3claims resolved → 67%fully supported → 3.64/5average certainty → 1.18/5average debate potential → 2said about them ↓

2 supported 0 partly supported 1 contradicted 1 not checkable as stated how the 4 claims stand · each chip opens the sources

4 assertions · 1 opinion · 2 insights · 4 disclosures · every statement was checked. The predictions and assertions are the 4 claims: statements the public record can support or contradict. 3 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Scott argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Scott Duffy's Smart Charter closed a deal with Virgin Group
“I had a business, it was called Smart Charter, and it was like Expedia for private jets, and we were looking for investors, we were looking for distribution, and we ended up doing a deal with Virgin.”
Scott Duffy Jul 17, 2017 ▶ 2:44 723: He Sold His Company to Richard Branson, Then Oil Tanked Him

Their most notable contradicted claim

Assertion Contradicted
A $10 oil increase cost commercial aviation $1 billion in 2008
“Every 10 dollar increase in a barrel of oil at that time represented about a one billion dollar increase in fuel prices for the commercial aviation.”
Scott Duffy Jul 17, 2017 ▶ 9:19 723: He Sold His Company to Richard Branson, Then Oil Tanked Him

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Scott Duffy on measured tape to publish a rate. This says nothing about how they speak.

Everything Scott Duffy said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
An entrepreneur's most important job is downside self-protection
“I think the most important job for every entrepreneur is learning how to protect yourself. So if things don't work out as planned, they take longer than plan. They go sideways. You can adjust and you can bounce right back.”
Scott Duffy Jul 17, 2017 ▶ 7:10 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Insight
Big company partnerships don't improve startups; they expose flaws faster
“When dealing with big partners, if you're a small company, and your goal is to go get a big partner out there, big companies don't make you better. They expose your flaws faster.”
Scott Duffy Jul 17, 2017 ▶ 10:48 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Assertion Supported
Scott Duffy's Smart Charter closed a deal with Virgin Group
“I had a business, it was called Smart Charter, and it was like Expedia for private jets, and we were looking for investors, we were looking for distribution, and we ended up doing a deal with Virgin.”
Scott Duffy Jul 17, 2017 ▶ 2:44 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Disclosure
Scott Duffy received a $450,000 salary in the Virgin acquisition
“Oh, I was, it was like a 450,000 dollar deal.”
Scott Duffy Jul 17, 2017 ▶ 4:23 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Disclosure
Scott Duffy chose 20% equity over cash in the Virgin deal
“The way that smart charter work is instead of taking money out, I decided to go all in and just had to take more equity. So when we did the deal, so I had, you know, there, there's some things I can't say because of confidentiality, but I had a good chunk, you…”
Scott Duffy Jul 17, 2017 ▶ 5:47 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Assertion Contradicted
A $10 oil increase cost commercial aviation $1 billion in 2008
“Every 10 dollar increase in a barrel of oil at that time represented about a one billion dollar increase in fuel prices for the commercial aviation.”
Scott Duffy Jul 17, 2017 ▶ 9:19 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Opinion
Wheels Up is closest to achieving Smart Charter's original vision
“The, probably the company that is making the best strides towards what I wanted to achieve is a company called Wheels Up.”
Scott Duffy Jul 17, 2017 ▶ 11:39 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Disclosure
Virgin kept Smart Charter's assets despite Duffy's buyout attempts
“So Virgin kept it. I called them to try and buy it a couple of times.”
Scott Duffy Jul 17, 2017 ▶ 11:56 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Assertion Not checkable as stated
Scott Duffy personally funded Smart Charter with up to $20K monthly
“So I had all this money that I was putting out. Like how much? I don't know, 1015, 20,000 a month.”
Scott Duffy Jul 17, 2017 ▶ 3:13 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Disclosure
Smart Charter granted 10% to 12% equity in stock options
“When we did the deal, I probably had, I would say 10 to 12% of the company had been given away.”
Scott Duffy Jul 17, 2017 ▶ 7:56 723: He Sold His Company to Richard Branson, Then Oil Tanked Him
Assertion Supported
Daymond John invested in rib de-boning tech for Carl's Jr.
“So he invested in the company that somehow, and I don't know all the details, but D bones, it's able to D bone a rib. Right. This technology. And so what he's done is he's created using this technology, a baby back rib burger that they're now selling. They're …”
Scott Duffy Jul 17, 2017 ▶ 13:42 723: He Sold His Company to Richard Branson, Then Oil Tanked Him

The other half of the tape: Scott Duffy's own voice is left out of every number here. Other people bring the name up 2 times in 1 episode on Top Founders. every mention, with the transcript →

Who brings them up most Nathan Latka 2

Every mention by year

tap a year for its mentions
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0112017episodes it came up in
0010.5212017episodesmentions per episode
2017 2 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
723: He Sold His Company to Richard Branson, Then Oil Tanked Him Jul 17, 2017 10m
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