Billy McFarland on Fyre Fest fraud, failure, hacking, & the long road back | E1730
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 27 April 2023
⏱️ 64 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
Billy McFarland joins Jason to discuss the lessons he has learned from his Fyre Fest fraud, before discussing the festival’s origin story and what led him to winding up in jail (1:36). This leads to an all-encompassing conversation about Billy’s early days as an entrepreneur, his experience in prison, and if he is a changed man (13:46).
(0:00) Jason kicks off the show
(1:36) Reflecting on Fyre Festival
(6:57) The origin of Billy’s charisma & communication
(11:31) Billy’s first experience with computers
(12:29) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(13:46) Spling
(14:40) Billy’s experience in solitary confinementÂ
(17:52) The origins of Fyre Festival
(25:34) Pilot - Get 20% off the first 6 months at https://pilot.com/twist
(27:06) Billy’s behavioral changes
(29:02) Fyre Festival ticket salesÂ
(30:41) Fyre’s board of directors
(36:22) DIY SyndromÂ
(39:28) Hyperice - Get $50 off your order of $150 or more with code TWIST50 at http://hyperice.com/
(40:57) Billy’s early release from prisonÂ
(43:37) Billy’s prison experienceÂ
(46:22) The final moments before Fyre Festival
(50:44) Can we trust Billy Macfarland 2.0?Â
FOLLOW Billy:Â https://twitter.com/pyrtbilly
FOLLOW Jason:Â https://linktr.ee/calacanis
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Transcript
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| 0:00.0 | Welcome back to this week and start ups everybody a little bit of a controversial guest here. |
| 0:04.8 | And some of you might agree about me having Billy McFarlane to fire festival in the program. |
| 0:10.8 | Some of you might be upset, hey, why not give this slot to a founder who is not a convicted felon? |
| 0:17.6 | I understand both arguments. I'm taking a little bit of a risk here having Billy on the program, |
| 0:21.5 | but he reached out to me. And I think there's some lessons to be learned. |
| 0:26.2 | And having watched some of Billy's interviews and social media, I think he's in honest, |
| 0:31.8 | reflection mode. So I thought I would take the chance and have the notorious Billy McFarlane |
| 0:40.0 | on the program who is of course the co-founder of the Fire Fest. This week in start ups is brought to you |
| 0:47.2 | by Vanta. Compliance and security shouldn't be a deal breaker for start ups to win new business. |
| 0:53.6 | Vanta makes it easy for companies to get a sock to report fast. |
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| 1:14.1 | Head to pilot.com slash twist and get 20% off the first six months. Hyperice, warm up and |
| 1:20.9 | recover faster with the HyperVault 2 massage gun and Norma Tech compression therapy boots. |
| 1:26.7 | Save $50 off your order of $150 or more with code twist50 at checkout at hyperice.com. |
| 1:36.3 | Then as I said, convicted felon, Billy, when you hear me describe you as such, what goes through |
| 1:42.4 | your mind now that you have this moniker. So people have been trying to get at me emotionally |
| 1:50.8 | over the past handful of months. They refer to me as inmate Nick Farland. |
| 1:54.8 | So I think at this point, I've been through everything and heard everything. |
| 2:00.0 | And it's like, just think of reminds me of the mountain that I had to climb to just get back to |
| 2:04.4 | being above water. And that means so many things and it just could be a really long journey ahead. |
... |
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