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Second in Command: The Chief Behind the Chief with Cameron Herold

Ep. 336 – Bitcoin Depot, COO, Scott Buchanan

Second in Command: The Chief Behind the Chief with Cameron Herold

Second in Command with Cameron Herold

Entrepreneurship, Business, Management, Careers

4.9224 Ratings

🗓️ 5 December 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

In today’s episode of the Second in Command podcast, Cameron Herold is joined by Scott Buchanan, COO of Bitcoin Depot as they discuss the evolution of Scott’s role from a finance-focused position to overseeing various departments. They explore the...

Transcript

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0:00.0

For me, one of the biggest challenges was pulling myself more out of the finance side because that was just naturally where I came from and what I felt the most comfortable in.

0:06.8

And so now from a day-to-day perspective, I still work very close to with the CFO, but I manage most of the other departments and I try to make sure that I just build a lot of trust with the managers of those teams, right?

0:18.0

And that's the only way to extract yourself from those decisions and all those meetings is making sure that you have the right people and have a great

0:25.0

communication line with to make sure that you can trust them to make those decisions. Welcome to the Second in Command Podcast, produced by the COO Alliance and brought to

0:40.5

you by its founder, Cameron Herald.

0:42.8

In the second in command podcast, we talked to top COOs

0:46.4

who share the insights, strategies, and tactics

0:49.6

that made them the chief behind the chief.

0:52.0

And now, here's your host, Cameron Harold.

0:59.0

All right, so we've got a great episode today. We have Scott Buchanan, who is the

1:02.1

COO for Bitcoin Depot. They are a digital

1:07.3

ATM service all over North America. They're in Canada and the United States and they provide a crypto service for people that are

1:15.6

traditionally kind of underbanked. So the people that can't really take money out of their

1:19.3

bank account and deposit it. They are not a coin, they're not a shit coin, they are not an exchange like

1:24.8

FTX or coin base. They are literally like the ATMs that you see where you go in and you buy, take

1:30.3

out money. This is a place where you bring money money you put it into the ATM and you walk away with

1:34.8

Bitcoin which is a really really cool service about 50 million dollars in profit in the company

1:39.5

last year they just took the company public they're on the NasDAQ, and you're going to love learning from them and learning from Scott into their growth.

1:47.0

He joined the company when there were only 10 employees, there's 200 people there now.

1:50.0

I think you're really going to enjoy the episode. You'll really enjoy learning about this space.

1:54.4

They have 25% of the current US market and they're just continuing their growth.

1:59.1

So we'll see you on the inside.

...

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