30 Years of Auto Industry Disruption with Scott Painter

In this episode, Brock speaks with Scott painter. Scott served in the Army as a Spanish interrogator in the late 80s. And since then went on to found or CO found many companies you've likely heard of, including Fair.com, Cars Direct, True Car, Pricelock, and now Autonomy, a subscription Electric Vehicle Company. He's incorporated 57 businesses over the last 30 years. Scott talks extensively in this episode about the balance of family life and entrepreneurship. He talks about how he treats his kids like small businesses and make some great analogies on how to build and grow them successfully. We discuss how the auto industry has changed over his time in market and his past influence on it. He talks about how he thinks about different business models and how those feed business valuations. And we close out with his advice on raising money and lessons for young entrepreneurs. Episode Resources: Autonomy.com: https://www.autonomy.com/ Show Notes: 00:00 Episode Introduction 01:30 Something proud of, but doesn't get to talk about: Raising a family and navigating turmoil 06:44 Early influences and joining the Army 15:16 Finding the driving force behind early success 19:32 "Stealing" cable TV and bringing it to the Westpoint Barracks 27:12 Becoming class president and convincing leaders of the impossible 33:42 An early foray in entrepreneurship and love of all things cars 41:33 Importance of marketing when delivering something new 50:00 Lack of transparency in auto industry and turning the tide on an informed consumer 58:40 Autonomy - subscription electric vehicles and serving the core mission 01:03:32 Capital intensity in business, business models, and valuation 01:12:29 Advice on raising money 01:15:07 Best things for young entrepreneurs to understand 01:23:38 Scott Painter's endgame -- The Scuttlebutt Podcast - The podcast for service members and veterans building a life outside the military. The Scuttlebutt Podcast features discussions on lifestyle, careers, business, and resources for service members. Show host, Brock Briggs, talks with a special guest from the community committed to helping military members build a successful life, inside and outside the service. Follow along: • Episode & transcript: https://www.scuttlebuttpodcast.co/60-30-years-of-auto-industry-disruption-with-scott-painter/ • Brock: https://www.brockbriggs.com/