4x25: The Experimental CEO Project
4x25: The Experimental CEO Project
I'm giving 4 people $25K each to build a startup in 3 months.
Do you know the origin story of My Next Electric? It was one of 5 startups I tried to start in 10 weeks in late 2021. Most of the ideas bombed, and thankfully, what you’re a part of today is dozens of iterations away from that first crappy version. But that experimental, what-if? DNA runs deep.
Earlier this week, I was stalling out on where to go on our business model. Remembering where we started helped me break through the ambiguity and get to an exciting new place.
A place that, as you can see here, makes perfect sense.
Let me translate.
Starting today, I’m looking for curious people to help me run four new experiments that might inform where we go from here.
My Next Electric 4 X 25: The Experimental CEO Project
In an effort to get serious about the best path forward for the business behind My Next Electric, I’m giving 4 people $25k each and 3 months to help me build working prototypes of four promising business models.
Goals
Validate 4 promising My Next Electric business models
Help four curious people learn electrification, batteries on wheels and how to CEO better
Method
Hire 4 Experimental CEOs; give each $25K and 3 months to build one of these:
Holding Company: Take ownership stakes in new and existing producers and installers of electric vehicles, charging gear, and appliances that store energy.
Agency: Help local governments, schools, utilities and corporate clients speed adoption of electric vehicles, charging gear, and appliances that store energy.
Experimental Lab: Run controlled experiments that explore design, use, and ownership of electric vehicles, charging gear, and appliances that store energy.
School: Teach industry apprentices to install and consumers how to adopt electric vehicles, charging gear, and appliances that store energy.
Timeline
April 5 - Oct 5, 2023
April 5: This sketch happens
April 6: Plan published, outreach to candidates begins
May: Candidates pitch 3 month plans and interview
June - August: CEOs build best $25K business they can in 3 months
September: Crunch numbers, develop succession plan if model has potential
October 5: Publish report on lessons learned and ideas on where to go next
About
My Next Electric helps people switch to electric vehicles and appliances that store energy. Along the way, we’re trying to co-create wealth and delight with employees, partners and customers.
Matt Candler founded My Next Electric in 2021. How it started. How it’s going.
If hired, you’ll be paid the salary you propose in your app (out of $25K)
You will have opportunity to earn up to 5% of equity in My Next Electric.
We think diverse teams work better; we encourage people from all backgrounds and all levels of experience to apply.
There are no benefits nor any guarantee of employment after September.
You’ll get lifetime access to my leadership toolkit.
We’re taking apps on a rolling basis as of April 6, 2023 and may hire for a role at any time; we track status of each role here.
It’s time to experiment - again. Please help me get the word out. These 4 people are probably one or two degrees away; you reaching out gives us a better shot at connecting. Thank you!