Invest Like The Best
Episode 432 Rebuilding CLEAR
Invest Like The Best

Episode 432: Rebuilding CLEAR

Invest Like The Best

Episode 432

Rebuilding CLEAR

Caryn Seidman-Becker is the Chairman and CEO of CLEAR. We cover how she rebuilt CLEAR with a focus on free cash flow following its bankruptcy, the applications of secure identity verification beyond airports, and the importance of leading by example in periods of crisis.

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Show Notes:

(00:00:00) Welcome and Introduction

(00:00:56) Guest Introduction: Karen Seidman Becker

(00:01:43) The Vision for Clear

(00:04:08) From Wall Street to Clear

(00:08:42) The Origins of Clear

(00:09:23) The Bankruptcy and Rebirth of Clear

(00:29:41) Building the Business Model

(00:42:46) The Future of Airport Innovation

(00:43:33) Investing Insights and Strategies

(00:47:17) The Importance of Free Cash Flow

(00:50:26) Biometrics and Privacy Concerns

(00:54:40) Expanding Clear's Vision

(00:59:13) Personal Mission and Genetic Screening

(01:07:28) Leadership and Company Culture

(01:09:23) Future of Technology and Identity

(01:20:38) Closing Thoughts and Reflections

Rebuilding CLEAR

Introduction

Patrick
My guest today is Caryn Seidman-Becker. Caryn is the Chairman and CEO of Clear. She bought the company personally out of bankruptcy for $6 million in 2010 and has built it into the identity platform millions use in airports and stadiums today. Her Wall Street background investing in Apple, Amazon and Priceline taught her to recognize when products become platforms, which shaped her vision for Clear as the definitive secure identity platform far beyond travel.

Caryn shares the gritty early days of literally hunting down hardware in airport storage facilities and rebuilding the entire business from scratch. She embodies an incredible bias for action. We discussed turning around the business, scaling a platform, and why she believes your face will soon be your key to everything. Please enjoy this incredible conversation with Caryn Seidman-Becker.

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