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The Wolverine Podcast

Passes founder Lucy Guo joins to discuss new NIL venture with Michigan athletics

The Wolverine Podcast

TheWolverine.com

Michigan Wolverines, Will Johnson, News, Davis Warren, Football, Sports News, Donovan Edwards, Michigan Football, Mason Graham, Wolverines, Michigan Podcast, Big Ten, Sports, Alex Orji, Sherrone Moore

4.2529 Ratings

🗓️ 20 November 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

The Wolverine's Anthony Broome and Clayton Sayfie are joined by Lucy Guo, the founder of Passes, to discuss the new NIL venture with Michigan Athletics and how it should help efforts in Ann Arbor.

Transcript

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0:00.0

Welcome on into the Wolverine.com podcast. Clayton Safie here with Anthony Broome. We have a special

0:07.4

addition with a very, very special guest today. We're going to dive into all things, Michigan's

0:14.0

partnership with passes. Everybody saw it last week, you know, started last Friday. It was the

0:20.7

official launch, but we will dive into it with the CEO and founder, Lucy

0:26.6

Guo, who is a superstar in business and entrepreneur.

0:31.7

She founded Passes in 2022, also Backend Capital, went to Carnegie Mellon, but is a michigan fan as evidenced by the shirt

0:41.5

she's wearing right now she's been recognized on the Forbes 30 under 30 list so just all over the

0:51.4

place many people have heard of her obviously but now But now she's entering our world. Michigan Athletics. Lucy, so great to have you here. Thank you for having me. I'm super excited to be here. I just wanted to start here, too, because I mentioned some of the things you've done, but obviously there's way more than that. Take us through your background in business and entrepreneurship and how

1:14.0

all of that led you to passes, which is now kind of blowing up here and bursting out of the scene.

1:19.9

Yeah, definitely. It's actually a very long story. So I'm going to try to make this short.

1:24.8

I've been interested in entrepreneurship since I was younger. I actually

1:28.1

got set to the principal's office multiple times in kindergarten for trying to start my own mini

1:32.3

businesses and selling like Pokemon cards, Ugo cards, colored pencils, etc.

1:36.6

Move on forward to like high school. I was building internet marketing tools. I was selling

1:40.7

like these hacked game boy games on eBay, et cetera,, etc. And then I ended up dropping out of college.

1:47.0

I received $100,000 from the founder of PayPal to attempt to go, like, start a company.

1:52.0

And then the first successful company I started was called Scale AI.

1:56.0

We work on providing the best training data to other AI companies so they can improve on

2:01.3

their models.

2:02.3

So think like self-driving cars.

2:03.7

We help tell them what's a car, was a pedestrian, was a stop sign on the road.

2:07.9

We work on a lot of government contracts, et cetera, et cetera.

...

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