Rapid Response: Using failure as a launchpad, w/MoviePass’s Stacy Spikes
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 23 May 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Rapid Response with Bob Safian: After an infamous fall, MoviePass co-founder Stacy Spikes is back to try again, applying hard-earned lessons and a revamped model to meet the same goal: make theater-going a habit for a new generation. As a passionate Black entrepreneur, Stacy shares the hidden powers of being an outsider and how anyone can re-take control of their narrative to spark a new and exciting chapter.
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Transcript
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| 0:00.0 | Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now, |
| 0:07.8 | with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed. |
| 0:17.0 | We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time. |
| 0:24.8 | So search for rapid response in your podcast player |
| 0:28.0 | and subscribe to make sure you get all our episodes. |
| 0:31.2 | I'll see you on the other side. |
| 0:35.6 | It was really my first time not leaving something I had built, |
| 0:39.8 | but forcibly getting kicked out of something and I think the challenge was it was very public. |
| 0:49.0 | Everybody kind of started saying, well, did the two white guys who ran into ground were they the founders? A lot of people |
| 0:58.9 | didn't even know about Hamey and I, right? They didn't know about two African American founders who came out of tech and |
| 1:06.2 | shook up the movie industry. No one had seen a black tech founder media story and so it kind of became a life of its own. |
| 1:19.4 | When it became available to buy back I was like I can't let the movie in like that. |
| 1:24.7 | You know, we got to write a better ending. |
| 1:26.7 | That's Stacy Spikes, co-founder and CEO of Movie Pass, the movie ticket subscription service that had an outsized impact on entertainment culture and then a very public fall and is now back again looking |
| 1:46.3 | to revive its relevance. |
| 1:48.4 | I'm Bob Safian, former editor of Fast Company, founder of the Flux Group, and host of Masters of Scale Rapid |
| 1:54.4 | Response. |
| 1:55.4 | I wanted to talk to Stacy because there's a thin line between impassioned founder belief in an idea |
| 2:00.9 | and impractical founder delusion. His journey is like an Oscar-worthy script with a |
| 2:06.2 | final scene still to be finished. The movie business has changed dramatically |
| 2:10.5 | since Stacy originally launched Movie Pass, |
| 2:13.2 | but he says the idea behind the company, |
... |
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