The Twenty Minute VC (20VC)
The Twenty Minute VC (20VC)

20VC: Why Venture Fund Life Cycles Do Not Align To Companies Today, Actionable Strategies To Separate Good From Great When Assessing and Hiring Multiple Candidates & Why We Need More Adventure in Venture Capital with Blake Scholl, Founder & CEO @ Boom Sup

Blake Scholl is the Founder & CEO @ Boom Supersonic, the world's fastest commercial aeroplane, aspiring to bring back supersonic passenger flight at an affordable price. To date, Blake has raised over $166M in funding with Boom from the likes of Paul Graham, Sam Altman, Ray Tonsing @ Caffei

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Blake Scholl Guest

Topics Discussed

Episode Summary

Executive Summary: Blake Scholl explains why he founded Boom Supersonic, arguing that mission passion, long-term thinking, and outsider naivety can unlock breakthroughs in aerospace. He details Boom’s fundraising, culture, hiring, leadership lessons, and the challenge of building a safety-critical company with startup speed, while outlining a roadmap from XB-1 to Overture and renewed supersonic passenger travel.

Main Topics: Origin story and founder motivation (Priority: 5/5): Scholl traces his startup impulse back to childhood entrepreneurship, aviation enthusiasm, and the realization that he wanted to work on something more meaningful and motivating than consumer internet businesses. Amazon and Groupon as formative contrasts (Priority: 5/5): He contrasts Amazon’s long-term, high-standard operating culture with Groupon’s short-term tactics, using both as lessons in how Boom should think about strategy, cash flow, and decision-making. Fundraising for a long-horizon aerospace startup (Priority: 5/5): Scholl describes raising capital as difficult because Boom’s 10–15 year timeline to passenger service is mismatched with standard VC expectations, requiring patient investors and strategic backers. Culture, hiring, and talent acquisition (Priority: 5/5): He explains Boom’s deliberate culture of mission passion, recursive talent sourcing, and unusual interview processes designed to identify both technical excellence and communication ability. Leadership, psychology, and operating through setbacks (Priority: 4/5): Scholl discusses balancing high-level vision with detailed execution, preparing for inevitable crises, and building a culture that rewards both exceptional achievement and owning mistakes. Outsider advantage and learning fast (Priority: 4/5): He argues that passion can beat prior domain expertise, and that outsiders can challenge false conventional wisdom if they learn quickly and update assumptions. Product roadmap and future of supersonic travel (Priority: 5/5): Scholl outlines Boom’s near-term prototype XB-1 and long-term production aircraft Overture, promising faster transatlantic travel at business-class fares and emphasizing safety and sustainability.

Key Arguments: Mission passion is more important than prior expertise when building something extremely hard and long-term, because it sustains founders through inevitable setbacks. Amazon taught Scholl the value of long-term thinking and willingness to tolerate short-term volatility, while Groupon illustrated the risks of chasing short-term metrics at the expense of the core business. Boom’s fundraising difficulty comes from structural mismatch: a 10–15 year development cycle does not fit typical venture fund timelines, so patient capital is essential. Great investors help with company-building fundamentals—culture, executive team design, fundraising timing, and strategic judgment—rather than only financial capital. Boom hires for passion first because the company’s mission is so hard that people without deep enthusiasm will quit when problems arise. To evaluate talent outside one’s own expertise, bring candidates together, structure the conversation, and watch how smart people interrogate the problem and one another. A strong founder must move between “60,000-foot” vision and granular operational detail, including safety, QA, and execution standards. Outsiders often have an advantage because they are less burdened by conventional wisdom that may be false or outdated. Boom’s culture intentionally rewards both exceptional performance and honest mistake-ownership to build trust and learning. Scholl believes the future of Boom depends on building a pipeline of leaders who understand both startups and aerospace, a “talent distillery.”

Data Points: Boom funding raised: Over $166 million - Amount raised to date from investors including Paul Graham, Sam Altman, Ray Tonsing, Homebrew, and Josh Buckley Boom funding raised (spoken in interview): A bit over $150 million - Scholl references the amount raised during the fundraising discussion Supersonic timeline to passenger service: 10 to 15 years - Scholl says this is the likely founding-to-volume-passenger timeline for Boom First company age: About 15 - He started his first company in his parents’ basement as a teenager Amazon tenure: 5 years - Scholl’s early career included five years at Amazon Groupon post-acquisition tenure: 2 years - He stayed at Groupon for two more years after Kima Labs was acquired First seed round check size: $25K - An early supporter wrote a small check while acknowledging the idea was “crazy” Early hiring pool: Half a dozen candidates - Scholl brought roughly six candidates into a group interview process for the first key roles Initial hires from jam session: 2 hires and 1 consultant - Out of the early candidate group, Boom hired two and brought on a third as a consultant XB-1 milestone: Finished this summer; flying next year - Scholl says the first independent supersonic jet is assembling now and will begin speed-record flights next year Overture capacity: 75 passengers - Planned production aircraft passenger count Overture travel time example: New York to London in 3 hours instead of 7 - Illustrative route showing the time savings Boom is targeting Wanted platform user count: Over 50,000 - Referenced in the ad read, not the core interview Carter usage scale: 800,000+ employees and shareholders - Referenced in the ad read, not the core interview

Pivotal Quotes: "We think you're probably crazy, but I'd really love this to work." — Investors/seed backers (quoted by Blake Scholl): Describing the earliest fundraising reactions to Boom’s vision "You have to be naive enough to start and wise enough to finish." — Blake Scholl: Summarizing the balance between outsider ambition and learned rigor "If you could wave a magic wand and get anyone on the planet to come be in the trenches with you to help you build this, who would you want?" — Blake Scholl: His recursive method for sourcing early aerospace talent

Implications: The episode suggests hard-tech founders need patient capital, mission-driven teams, and founder-CEOs who combine vision with operational depth. For aerospace, Boom frames supersonic travel as a long but plausible market reset if safety, sustainability, and economics are solved.

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