Secret Academy Episode - Wade EyerlyAbout:
Wade Eyerly started off working fundraising for the US president, made his way into a US intelligence agency and after deployment, decided to change up his career path. Having a pilot for a younger brother, they came up with an innovative business idea for the airline industry that utilizes a monthly “All-You-Can-Fly” subscription-based model – Surf Air was born. Launching at approx. $15M/yr. in revenue with flights between 2-3 cities, they have now grown to about 15 cities in California, approx. $50M/yr. rev, and the company is currently valued at approximately $150M. With such explosive growth off the starting line, Wade took the challenge and ran with it.
Lesson's in Today's Interview:
- There is no success without failure
- How to utilize investors for business funding
- Do something different to attract attention
- Launching a subscription-based business model in the airline industry
- Consistent revenue streams in an industry with so many variables
- The explosive growth of Surf Air
- Reasons why Fly Beacon failed
- Analyzing risks and strategies
- Knowing when to cut your losses
- Entrepreneurs are risk takers
- Should you become an entrepreneur?
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