Jason Williams, Co-Founder & Partner at Morgan Creek Digital: From a 9 Figure Startup Exit To Mining Bitcoin With Car Tires
8/28/2019 · 152 min · transcript via mlx
Tags
Key topics
— Jason Williams built FastMed into a 500-million-dollar urgent care chain by applying lessons from his initial experience at Yale, focusing on customer service and lowering healthcare costs through efficient retail-based clinics rather than traditional hospital emergency departments.
— The PRTI business uses thermal demanufacturing (pyrolysis in a vertical chamber) to process 1.5 million pounds of used car tires monthly, extracting oil, steel, carbon, and syngas while generating power; tires come free (municipalities pay for disposal) and the company was paid directly by tire manufacturers for blemished inventory.
— Jason co-founded Full Tilt Capital with Anthony Pompliano as a micro-venture fund targeting $100,000 checks, operating from a Starbucks with no website for over a year; the pair invested in 62 companies in 18 months before eventually partnering with Mark Yusko and Morgan Creek Digital.
— During a 2015–2016 road trip to Charlotte, Pompliano introduced Jason to Bitcoin and cryptocurrency; Jason realized PRTI's waste-to-energy power output could be used for mining instead of grid sales, creating one of the first waste-to-energy cryptocurrency mining operations at scale.
— Jason encountered a serious plane emergency en route from Turks and Caicos when the right engine failed at 30,000 feet; the aircraft safely made a single-engine emergency landing in Nassau with fire and crash crews standing by.
— Jason practices a strict ketogenic diet (eating six eggs, cheese, sausage, and bacon at Waffle House daily), exercises competitively in soccer at age 45, and credits diet, sleep, water, and Wim Hof breathing with maintaining cognitive clarity and physical resilience.
Market & price signals
— None discussed.
Actionable insights
— When building asset-heavy regulated businesses (healthcare, waste processing, mining), secure physical infrastructure through real estate leverage before seeking venture capital; banks will lend on tangible assets like buildings when they won't fund speculative ideas, as Jason did buying a post office to launch FastMed.
— Focus on doing the right thing in business operations (e.g., certifying tire destruction rather than reselling) because it attracts institutional partners, builds trust, and creates competitive pressure on worse actors—not just for moral reasons but for sustainable market positioning.
— Prioritize capital-efficient operations and ruthless allocation of your own time; avoid vanity spending on offices and websites until they directly drive revenue, and do the physical work yourself early to set cultural tone and free better-skilled employees for higher-value tasks.
Episode sponsorships
Paid placements mentioned in this episode. BTC Pods is not sponsored by or affiliated with these advertisers. Links are included so you can find offers mentioned on the show.
— Crypto.com is a pioneering payment and cryptocurrency platform that seeks to accelerate the world's transition to cryptocurrency, with the vision of "cryptocurrency in every wallet." The Crypto.com App offers a full range of financial products with competitive pricing, well-designed UX, and high security. Download the app or visit https://crypto.com and tell them Pomp sent you.
— Coinmine makes Bitcoin mining simple and accessible for everyone. You purchase a Coinmine device, plug it in, connect to Wi-Fi, and start mining Bitcoin in five minutes or less, all controlled from a mobile app with over-the-air updates that add new coins and features. Visit coinmine.com/pomp to learn more.