The Wing shuts down, avoiding pitfalls of success + Tesseract Energy's Alan Chang | E1587
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 16 October 2022
⏱️ 48 minutes
🧾️ Download transcript
Summary
First up, J+M discuss The Wing shutting down, where it went wrong, and avoiding ego-based pitfalls. (1:35) Then, Alan Chang joins Molly to break down his idea behind Tesseract Energy! (22:37)
(0:00) J+M tee-up topics for Sunday
(1:35) The Wing shuts down: what went wrong
(12:44) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(14:18) Understanding and avoiding ego- and success-based founder pitfalls
(21:24) FanDuel Sportsbook - Sign up with promo code TWIST to place a $1000 risk-free bet at https://sportsbook.fanduel.com
(22:37) Alan Chang joins Molly and explains his idea behind Tesseract Energy, his time at Revolut, and more!
(35:20) MasterClass - Get 15% off an annual membership at https://masterclass.com/startups
(36:36) Understanding how a token plays into Tesseract's energy platform
Transcript
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| 0:00.0 | Okay, everybody, welcome to Sunday Sunday Sunday Sunday Sunday and slash start of the week. |
| 0:06.4 | Basically, we consider it the end of our week, but it's kind of the beginning. |
| 0:10.2 | Really interesting VC Sunday school Molly had a question for me about the downfall of the wing, |
| 0:14.8 | which suddenly went out of business and led to this interesting discussion about founders and |
| 0:18.9 | maybe their blind spots. And when it's our job to put guard rails up actually, which is a great |
| 0:24.9 | kind of lesson for us and consumer facing product builders. And then this week in climate |
| 0:30.6 | startups, I talked with Tesseract Energy founder Alan Chang about his company's challenging |
| 0:35.1 | mission to build renewable energy infrastructure, sell energy and sell excess energy as tokens. |
| 0:42.2 | It's very disruptive if it works. Really interesting. It's going to be great job. |
| 0:46.7 | Stick with us. This week in startups is brought to you by Open Phone. As a startup founder, |
| 0:52.8 | a lot of mistakes are easy to roll back. But using your personal cell phone number as your |
| 0:57.3 | company number isn't one of them. Open Phone makes it easy to get business phone numbers for you |
| 1:02.3 | and your team, right on top of your existing devices. Visit openphone.com slash twist to get 20% |
| 1:09.5 | off your first six months. Fan dual sports book. Use code twist during sign up to get started |
| 1:15.7 | with a no sweat first bet up to $1,000 and masterclass. Learn from the world's best minds. |
| 1:24.0 | Anytime, anywhere and at your own pace. Get 15% off an annual membership to masterclass |
| 1:31.2 | at masterclass.com slash startups. All right Molly, it is Sunday. Good morning everybody. |
| 1:38.8 | Good morning everyone. I hope you're having a relaxing Sunday. Hope you have a little coffee, |
| 1:43.1 | but you just got that itch to learn. You just want a little Sunday school. We're here for you |
| 1:50.1 | with BC Sunday School. With another one actually, I think we're having a lot of fun with these |
| 1:55.2 | BC Sunday schools that are based on a thing that is in the news. So there was a really interesting |
| 2:00.4 | story about the wing, which was kind of like we work for women. It was a very sort of female-oriented |
... |
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