The Exchanges

Q them a billion dollar plumbing company, right, from a million dollar plumbing company, but like, they might be able to increase their revenue by an extra hundred or 200,000 dollars a year, and if you're investing for cash flow, that's a decent increased return. So it's not like which AI are they going to use? It's are they using AI or not? Maybe. That's the way I look at it.

A I'm honestly not sold. The deeper I go into these businesses, the more I, I don't think that's the case, but maybe, maybe I'm wrong. I'd be happy to be wrong. Um, that'd be good for me if they can suddenly incorporate it and make a lot more profits, but, uh, I'm just not sold on it. I mean, if anything, it would be maybe these companies can replace, say like their, um, phone receptionist or something like that. Uh, with an AI phone service, which I'm like, I'm an investor in one of these, right? Like, so I, I am active in the space. I just don't think it makes a big of a difference to like these blue collar companies. Again, I had, um, a call with somebody recently. And they're, they're VCs and, and they're looking at like an investing in the, the types of deals that I invest in. And they were wanting, they had the thesis of finding some blue collar business. I think they actually said plumbers, um, and having all the individual plumbers wear some sort of like special tracking suit so that they can learn all the motions and all the ins and outs. So for when the robots come in, you know, they can replace the plumbers. And I'm like, It's just too messy for that. It really, really is. There's no standardized process for any of this. And it's also not rocket science. I mean, you know, they could take a picture of it, but like it doesn't need it. You can see like all the, the pipes …

AI assessment note: “I'm honestly not sold. The deeper I go into these businesses”

Q Yeah. I, I never met the founder or anything like that. So What have we not really touched upon that you feel would be very valuable for the audience?

A Let's see. We talked about my interesting AI thesis. We talked about smash digital SEO company focusing on just the AI stuff. Um, I guess probably we can talk about my main focus. So I've had a few exits. Um, some of them small up to like the eight figures and kind of naturally started progressing to being more of an investor and like allocating the different asset classes. Um, tried everything, real estate, ventured, was pretty active in venture, crypto, like you name it. Um, but kind of came back to get the returns of small businesses. Um, cause that's actually, strangely enough, I came full circle and realized that I think small businesses produce like the best returns out of all the asset classes. Uh, the problem is like, how do you own This passively, right? It's not, it's not an asset class really set up well for, uh, passive ownership and it's really hard to diversify and it takes a lot of work. Um, and so I kind of spent a few years trying to do that. Like I was trying to buy, find existing companies say like, Hey, let me buy, you know, 10% of your company, 20% of your company. Uh, and that kind of worked a little bit, but it wasn't ideal. And I kind of stumbled into this interesting space, uh, with like search funds. Um, also they call them like independent sponsors, a couple of different groups that are similar, but essentially it's, um, people or groups of people, a …

AI assessment note: “I guess probably we can talk about my main focus.”