Makes sense for businesses that already have real systems in place. The processes are baked in (it's how they got to scale in the first place), so the marginal gain from AI is harder to capture.
At the smaller end of the lower middle market, we've seen the opposite, largely because there are so few systems to begin with. Going straight from manual, paper-based processes to AI-enabled ones has been a game-changer for a lot of our teams.
@PEoperator We like “if you had a magic wand, what would you fix / change tomorrow about your business”. That usually reveals some real pain points and areas where you can create value if you can crack them.
@BigJohn043 Interesting perspective, John. When fundraising in Canada (where we originally launched), a lot of the “maybes” were polite “no’s”, whereas in the US “maybe” more often meant “we’re considering it”. The fast “no” is far more common in the US which is a great release of time.
@PrivatEquityGuy Same can be said for marriage! I’ve been very fortunate to work with someone that I trust implicitly, but not without my share of false starts. Without sour, sweet has no context.
Big fan of your content, btw!
@SullyCNBC Had a 24 Series III Obsidian for 2 weeks. Within first couple of days, cruise control became disabled because of a sensor issue, heavy body creaking in turns. Brought it back to dealer. Beautiful interior, but hadn’t seemed to have worked out all of the kinks.
@tferriss I’d give it an 8. It’s great to get a shell together when used appropriately with ChatGPT or other model. It’s not at the “click and send” stage yet but saves time on flow, layout and some graphics.
@girdley@HireWithNear@girdley how’s the talent pool in the financial analyst vertical? Specifically, financial modeling and synthesis rather than controller work.
@RBReich Warren Buffet, Elon Musk, Tiger Woods, Wayne Huizenga, Michael Dell, Stephen Schwarzman … that required about 15 seconds of thought to come up with 6 examples that don’t fall into your cynical categories. Relentless pursuit, calculated risk, skill and some luck.