Prompt Cast
Join Masters of AI Day on February 27th
TLDR Stacey Spikes, CEO of MoviePass, relaunched the company with a new business model based on credits after facing challenges, aiming to increase movie attendance through subscription-based models. Stacy Spikes discusses the challenges faced as a black founder in accessing growth capital and emphasizes the importance of representation for minority founders.
Timestamped Summary
00:00
Join Masters of AI Day on February 27th for a workshop focused on empowering teams to accelerate their work with AI.
04:17
Stacey Spikes, CEO of MoviePass, relaunched the company with a new business model based on credits after being forced out and seeing the business collapse, aiming to revive the industry-changing subscription service.
08:19
The new MoviePass credit system allows for variable pricing based on peak and off-peak times, aiming to create a more open marketplace and increase movie attendance through subscription-based models.
12:21
MoviePass focuses on increasing attendance and volume rather than incremental spend, testing a version of the unlimited option while aiming to catch up with theaters that have already partnered with them.
16:12
Rose Previtt faced challenges as a first-time business owner but persevered with community support to successfully open her restaurant, Compass Rose.
19:57
Stacy Spikes discusses the challenges faced as a black founder in accessing growth capital and highlights the advantages of being an outsider in the entrepreneurial journey.
23:53
Stacy Spikes emphasizes the importance of representation for minority founders and the need for a more inclusive entrepreneurial landscape.
27:36
The podcast credits various team members and encourages engagement with listeners through reviews and sharing episodes.
Categories:
Business
