Podcasts about managing partners

Mike Dudas holds zero ETH and sees Hyperliquid as crypto's Tether moment. He also has a clear framework for what makes a token worth buying. ======================================================== Thank you to our sponsor! Fidelity: Explore crypto careers and make the decision that could change your future at https://crypto.fidelitycareers.com ======================================================== Strategy sold 32 Bitcoin, worth just $2.5 million, and the market didn't miss it. For Mike Dudas, Managing Partner at 6th Man Ventures, the sale broke the "never sell" promise that sustained the company's premium. He doesn't see how the narrative gets rebuilt. Dudas applies the same unsentimental read to the rest of the L1 landscape. His firm holds zero ETH — five years of contradictory narratives have left the market unable to value it. In his view, Solana's decline is simpler: memecoin activity peaked and hasn't recovered. Hyperliquid, in his view, is closer to Tether than a competing L1: the no-KYC international market is enormous, and asset quality is the moat. His framework for tokens worth owning: programmatic buybacks and consistent communication from leadership. On AI, he argues agentic trading will far outpace agentic payments — Visa, Mastercard, and Stripe are moving too fast for new entrants to displace them. Host: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Laura Shin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Host / Unchained Guests: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Mike Dudas - Managing Partner of 6th Man Ventures - Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe Lubin makes the bull case for Ethereum amid a sea of bearishness. The panel dissects Saylor selling Bitcoin for the first time in four years, the meaning behind 9 senior EF departures, Justin Drake's Q-Day call (50% by 2032), Manuel Araoz declaring all of DeFi unsafe, the ThorChain hack fallout, the Zama/Overnight Finance USDC freeze saga, and the CFTC greenlighting the first US perpetual futures product. Welcome to The Chopping Block — where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week Joe Lubin is stepping in to make the bull case for ETH on what he admits is a tough day to be bullish. We open on Strategy's first Bitcoin sale in four years and whether the STRC preferred stock structure is "an algorithmic stablecoin with too many steps," as Tarun puts it. Joe pivots to pitching Ether DATs, then we get into the Ethereum Foundation's brain drain -- nine researchers gone, CROPS as the new mandate, and a mysterious new developer organization taking shape behind the scenes. The episode's meatiest block covers DeFi security: Justin Drake warns Q-Day is 50% likely by 2032, Manuel Araoz says all of DeFi is unsafe, ThorChain's been offline for two weeks post-hack, and the panel debates whether we're entering a rough 12-24 months where attackers outrun defenders. We close on Hyperliquid's all-time highs and the CFTC opening the door to US perps.  Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Show highlights

Mike Collins is the Founder and CEO of Alumni Ventures, a leading venture capital firm that enables individual accredited investors to access diversified venture portfolios and co-invest alongside top-tier VCs. He is a serial entrepreneur and experienced venture capitalist who has founded multiple companies, including Kid Galaxy, Big Idea Group, and RDM. He also launched Green D Ventures, Alumni Ventures' first alumni fund, where he oversaw the portfolio as Managing Partner. Mike has spent his career helping investors and entrepreneurs build innovative, high-growth businesses, and holds degrees from Dartmouth College and Harvard Business School. In this episode… What does it really take to succeed in venture capital, where uncertainty is constant, and failure is often part of the process? What separates investors who consistently build strong portfolios from those who don't? For Mike Collins, a seasoned venture capitalist and serial entrepreneur, success in venture capital comes from focusing on people over pure ideas and building disciplined, diversified portfolios to manage inevitable risk. He highlights that early-stage investing is less about certainty and more about judgment, trust, and pattern recognition developed over time. A key takeaway is that long-term success stems from striking a balance between conviction and humility and accepting that many investments will fail while a few yield outsized returns. He also emphasizes the value of co-investing and leveraging a global investor community to expand access and insight. In this episode of the Inspired Insider Podcast, host Dr. Jeremy Weisz sits down with Mike Collins, Founder and CEO of Alumni Ventures, to discuss venture capital, portfolio building, and entrepreneurial lessons. They talk about betting on people over ideas, managing risk through diversification, and lessons from sports and investing. Mike also shares insights on co-investing strategies and democratizing access to venture capital.

In this eye-opening episode of the Millionaire Car Salesman Podcast, Sean V. Bradley sits down with CBT News co-founder and automotive industry veteran Jim Fitzpatrick for a conversation that every dealer principal, general manager, and automotive leader needs to hear. "The FTC is going to be saying, look, you can't play games with this. If your salesperson is out there pitching a price on a car... your salesperson is now going to be representing to the consumers what the sale price of that car is." - Jim Fitzpatrick As the FTC increases its focus on dealership advertising, pricing transparency, and consumer protection, many retailers are left wondering: Is my dealership truly prepared? Sean and Jim unpack one of the most important topics facing the automotive industry today, exploring how regulatory changes, compliance expectations, and evolving consumer demands are reshaping the dealership landscape. From pricing disclosures and advertising practices to the growing influence of social media and personal branding, this discussion highlights why old habits could create new risks in today's market. "We're really bringing together the smartest minds in retail automotive or most of them, to bring them together to say, look, let's help dealers figure this thing out." - Jim Fitzpatrick Without giving away all the answers, this episode challenges dealers to think differently about compliance, leadership, training, and accountability. More importantly, it highlights why staying informed and proactively adapting may be one of the biggest competitive advantages a dealership can have moving forward. Whether you're a dealer principal, GM, GSM, compliance officer, or automotive professional, this conversation will help you better understand the road ahead and why industry leaders are paying close attention to the conversations surrounding FTC enforcement, dealership operations, and the future of automotive retail. Register for the Auto Leadership Summit in Washington, D.C. here and get $100 OFF with code 'SEAN100': https://www.cbtnews.com/auto-leadership-summit/ Because in today's environment, what you don't know could cost you far more than you think… Key Takeaways: ✅ The FTC is focusing on fair pricing and transparent marketing practices in the automotive industry to protect consumer interests. ✅ Dealers need a comprehensive training program that includes a structured compliance strategy to address pricing and social media marketing challenges. ✅ Social media influencers and individual sales representatives can unwittingly cause compliance issues if they post content related to pricing without understanding the implications. ✅ Establishing a robust audit system for social media content posted by dealership employees is vital to maintain compliance and protect brand reputation. ✅ The CBT News Auto Leadership Summit on Fair Pricing and Compliance will offer insights from experts across the industry on how to navigate these compliance challenges.   About Jim Fitzpatrick Jim Fitzpatrick is a 25-year veteran of the retail automotive industry. He began his career in 1980 as a new car salesperson at a high-volume Toyota dealership in South Florida and quickly rose through the ranks, holding executive positions with AutoNation and JM&A. In 2001 Jim became the Managing Partner of a Toyota dealership in Augusta Georgia.  In 2004 Jim, along with his son, John, co- founded Force Marketing in Atlanta, Georgia which currently serves over 1600 franchised dealers throughout North America. In 2012, realizing the need for new car dealers to have their own news and information platform, Jim and his wife Bridget, launched CBT Automotive Network.  In addition to providing daily news reports, CBT produces nine weekly shows, hosted by the industry's best known consultants and trainers. Each show focuses on different departments of the dealership operation. Over 54,000 dealer principals, OEM, and Association Executives throughout North America receive CBT's daily newsletters. A recent study found that more people view CBT's video segments than any other automotive media platform. A father of five and grandfather of six, Jim lives in Atlanta, Georgia with his family.     Harnessing Regulatory Compliance and Social Media Strategy in Automotive Sales: Insights from Industry Leaders   Key Takeaways Social Media Compliance: Dealerships must enforce strict social media policies to ensure compliance with Federal Trade Commission (FTC) regulations and protect their brand image. Price Transparency: Aligning advertising strategies with FTC guidelines on fair pricing can prevent costly violations and enhance consumer trust. Training and Policies: Implementing comprehensive training programs and policies can safeguard dealerships against potential regulatory breaches and maintain operational integrity.   Navigating the Complex World of Social Media Compliance In the ever-evolving automotive industry, dealerships face a growing demand to maintain transparency and compliance, particularly in the realm of social media. The transcript from a riveting conversation between Jim Fitzpatrick and Sean V. Bradley highlights the importance of ensuring dealership employees adhere to social media guidelines set by the FTC. Fitzpatrick asserts that social media has become crucial in portraying a dealership's brand and customer experience. "Take the influencers and have them talk about the experience, have them talk about the selection," he suggests, emphasizing content that avoids pricing to remain compliant. The conversation underscores the significant role dealerships' social media strategies play in forming consumer perceptions and regulatory compliance. With employees potentially acting as brand ambassadors online, the repercussions of non-compliant posts can be detrimental. Discounted prices or misleading offers shared on personal platforms, as Fitzpatrick points out, can draw unwanted regulatory scrutiny. Dealerships are not just at risk of tarnishing their reputation but also face hefty fines. Simply put, ensuring a strategy that focuses on non-monetary aspects of the dealership experience can protect both brand and financial standing. Price Transparency: A Path to Building Consumer Trust Price transparency in dealership advertising is another crucial theme woven throughout the dialogue. The FTC, under the Biden administration, has intensified its focus on what it terms "junk fees" in various industries, including automotive. "Maybe the managers are saying, well, in order for us to be compliant, we're going to price ourselves right out of the marketplace," Fitzpatrick notes, acknowledging the balance dealerships must strike between competitive pricing and regulatory adherence. According to Bradley, the importance of consistency across advertised prices and what consumers actually pay when they walk into a dealership cannot be overstated. Misleading pricing not only disrupts consumer trust but also exposes dealerships to severe penalties. With the FTC reportedly sending out 97 warnings to dealerships about these practices, the industry is on high alert. Dealerships must ensure that their advertising reflects the actual purchase price, minus incentives, to maintain compliance and consumer confidence. Comprehensive Training and Policies for Sustainable Operations Both Bradley and Fitzpatrick adamantly express the importance of robust training and policy establishment to mitigate the risks of regulatory infringements. Fitzpatrick underscores the need for ongoing employee education, suggesting that training programs specifically tailored to reinforce compliance norms can be a dealership's strongest defense. "If you don't have ongoing training in this area…you have no defense," he mentions. Bradley concurs, emphasizing the necessity of consistent managerial oversight and the implementation of structured communication protocols, such as computer use policies. These measures not only ensure that the dealership aligns with federal regulations but also empower employees with the knowledge they need to uphold the company's reputation. Comprehensive, routine audits and training can preemptively address and rectify potential compliance issues before they escalate to external disputes or regulatory scrutiny.   Navigating the intricacies of compliance in the automotive industry requires a proactive and strategic approach. By fostering a culture of transparency and accountability through comprehensive training and controlled social media strategies, dealerships can fortify themselves against regulatory pitfalls. As the conversation between Bradley and Fitzpatrick poignantly illustrates, these measures not only safeguard against financial penalties but also contribute to building a resilient, consumer-focused brand reputation in a competitive industry landscape.     Resources + Our Proud Sponsors:   ➼ The Millionaire Car Salesman Facebook Group: Join the #1 Automotive Sales Mastermind Facebook Group with over 29,000 automotive professionals worldwide. The Millionaire Car Salesman Facebook Group is the go-to community for car salespeople, BDC agents, sales managers, general managers, and dealer principals looking to increase performance, income, and leadership skills. Inside the group, members collaborate daily on automotive sales strategies, lead handling, phone scripts, closing techniques, CRM best practices, dealership leadership, and accountability systems. Learn directly from top automotive trainers, industry mentors, and high-performing sales leaders who are actively winning in today's market. If you're serious about growing your automotive career, increasing car sales, and building long-term success, join The Millionaire Car Salesman Facebook Group today! ➼ Dealer Synergy: Dealer Synergy is the automotive industry's #1 Sales Training, Consulting, and Accountability Firm, with over 20 years of proven dealership success nationwide. We specialize in helping car dealerships increase sales, improve processes, and build high-performing Sales, Internet, and BDC departments from the ground up. Our expertise includes automotive phone scripts, rebuttals, CRM action plans, lead handling strategies, BDC workflows, Internet sales processes, management training, and accountability systems. Dealer Synergy partners directly with dealership leadership to align people, process, and technology, ensuring consistent results and scalable growth. From independent dealers to large dealer groups and OEM partnerships, Dealer Synergy delivers measurable performance improvements, stronger teams, and sustainable profitability. ➼ Bradley On Demand: Bradley On Demand is the automotive industry's most advanced interactive training, tracking, testing, and certification platform for car dealerships — built to develop top-performing teams across Sales, Internet Sales, BDC, CRM, Phone Skills, Leadership, and Management. In addition to LIVE virtual automotive training classes and a library of 9,000+ on-demand dealership training modules, Bradley On Demand now includes AI Phone Roleplaying and Coaching to help salespeople and BDC agents practice real dealership conversations before they ever get on the phone with customers. This AI-powered roleplay technology strengthens phone scripts, objection handling, appointment setting, lead follow-up, and closing skills, while providing measurable coaching feedback for continuous improvement. Bradley On Demand empowers dealerships to train faster, coach smarter, improve call performance, increase closing ratios, and sell more cars more profitably — all through structured, trackable, modern automotive training.

What does it really take to turn a promising European startup into a successful US business? In this special fifth-anniversary episode of Innovation Storytellers, I sit down with Simone Tarantino, Managing Director of the Transatlantic Innovation Hub and Managing Partner at HVentures, to discuss the challenges, opportunities, and realities of building bridges between two of the world's most influential innovation ecosystems. From its flagship location on Fifth Avenue in New York City, the Transatlantic Innovation Hub is creating a launchpad for European startups, scaleups, corporates, and innovators looking to expand into the United States. Simone shares how the Hub helps companies move beyond simply securing office space by providing access to investors, advisors, legal experts, business development partners, and the relationships that often determine whether international expansion succeeds or fails. We also explore the cultural differences between European and American innovation ecosystems, why networking remains one of the most valuable business skills, and how founders can avoid common mistakes when entering a new market. Simone reflects on his own journey from entrepreneur in Italy to ecosystem builder in New York, including the lessons learned from starting over and finding his place in one of the world's most competitive business environments. The conversation goes beyond startups and venture capital. We discuss why corporate innovation initiatives often struggle, the importance of translators who can bridge the language gap between startups and large enterprises, and why collaboration frequently delivers better outcomes than competition. Simone also shares his vision for a growing global network of innovation hubs connecting New York, Europe, Asia, and the Middle East. Whether you're a founder looking to expand internationally, a corporate leader searching for fresh ideas, or someone fascinated by how innovation ecosystems are built, this episode offers valuable lessons on creating connections that help ideas travel further and grow faster. What role could stronger partnerships play in accelerating your own innovation journey?

In this episode, Nathan Jameson, Founder & Managing Partner, ARX Capital, discusses investing in resilient asset classes, the evolving manufactured housing market, and the leadership principles guiding long term value creation in today's economy.

Erik Brooks is the Co-Founder and Managing Partner of Ethos Capital, a middle-market private equity firm built to bring seasoned C-Suite operators into every aspect of the investment process. Erik's experience prior to founding Ethos in 2019 spanned privatizations in Eastern Europe, value investing at Baupost, and twenty years at Abry Partners. Our conversation covers Erik's path to private equity, lessons learned about risk, the importance of betting on people, and the evolution in his thinking that led to forming Ethos. We then cover Ethos' focus on durable business models, one-deal-a-year cadence, operating system to evaluate and improve companies, and an investment example that brings it all to life. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership   Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠)

"Catalyst is really a unicorn. You walk in the room, check your ego at the door, and everybody is there to learn." - Christine Moore, Managing Partner, RAUS Global Procurement is racing to harness AI, but simply "doing more" won't be enough. At Catalyst San Francisco, the most recent in-person event hosted by Art of Procurement, procurement executives came together to confront what's truly needed right now: going beyond efficiency, investing in stronger change management, and breaking free of the old excuses that hold teams back. In this event recap conversation, Christine Moore, Managing Partner at RAUS Global, and Joe Postiglione Sr., author of the upcoming book Achieve Results with AI and Avoid the CFO Hot Seat, join Philip Ideson to discuss how intimate, curated professional gatherings like Catalyst drive practical, real-world progress.  Listen in to hear what sets this unique environment apart, why open dialogue matters more than buzzwords, and how procurement leaders can champion a culture that turns AI into a strategic advantage to deliver measurable, real-world results. Whether you're developing your own digital roadmap or guiding your business partners, these takeaways will help you reframe what's possible for procurement. In this episode, Christine and Joe describe how procurement can: Build a proactive, outcome-driven approach to AI projects   Lead change and create a sense of safety for candid discussions   Reframe the "data problem" and move initiatives forward   Recognize how compute and AI usage costs can impact value   Shift from pure efficiency to growth-focused thinking Links: Christine Moore on LinkedIn: https://www.linkedin.com/in/christine-adamsson-moore/  Joe Postiglione Sr. on LinkedIn: https://www.linkedin.com/in/joepostiglione/  Subscribe to the AOP Newsletter: https://resources.artofprocurement.com/art-of-procurement-podcast-subscribe  Subscribe to Art of Procurement on YouTube: https://www.youtube.com/@ArtofProcurement   

In this episode, Nathan Jameson, Founder & Managing Partner, ARX Capital, discusses investing in resilient asset classes, the evolving manufactured housing market, and the leadership principles guiding long term value creation in today's economy.

Brad Banyas explains why a community cannot be built overnight. Drawing from nearly three decades in enterprise technology and entrepreneurship, he shares how trust, relationships, and consistent effort laid the foundation for SaltyMF Enterprises.In this episode, you'll learn:• Why strong communities are built through years of credibility and connection• The story behind the SaltyMF brand• How Band Groupeez and RowOneX serve musicians, venues, fans, and superfans• Why listening to people is often more valuable than being a visionary• How a process-improvement mindset helps uncover business opportunities• The role of authentic storytelling in building lasting relationships• How to balance day-to-day execution with long-term strategic thinkingBrad Banyas is the CEO and Managing Partner of OMI and co-founder of SaltyMF Enterprises, a lifestyle and media brand focused on people, sports, music, and entertainment. Through his businesses and podcasts, he helps connect communities by solving real problems and sharing authentic stories.Chapters with Timestamps and Descriptions00:00 - Introduction: Primary Colors and Psychic DNA• Cam and Otis kick off with matching red shirts and psychic father-son vibes • Lighthearted banter about whether it's DNA or neuroscience • Setting the stage for Brad Banyas, entrepreneur and community builder • The importance of showing up authentically (even when your shirt matches)01:37 - Meet Brad Banyas: The Guy Behind the Studio Door• Brad joins from his nice studio setup (not the chaotic background Otis expected) • First impressions and the energy Brad brings to every conversation • Introduction to Brad's portfolio: OMI, SaltyMF Enterprises, Band Groupeez, RowOneX • Why Brad's background in enterprise tech informs his lifestyle brand work05:20 - The SaltyMF Origin Story: Naming Businesses Like a Pro• Otis jokes that Brad should start a business naming other people's businesses • How Brad's mind works at 3:30-4:00 AM, coming up with names, products, and t-shirt ideas • The genius behind "SaltyMF" - a name that says it all without saying it all • Brad's wife's suggestion: "You really should be sedated."19:41 - You Can't Just Start a Community: 20 Years of Work First• Camden's key insight: Community isn't just "I started a community." • Brad's journey - five businesses, decades of relationships, then SaltyMF • The Sturgill Simpson analogy: "We're not a jam band, we're a band that played for 20 years, and now we jam." • Why authenticity and credibility come before community building20:04 - OMI's 28-Year Journey: Building the Foundation• Brad's first business before OMI and the decision to start something new with partners • How OMI became a 28-year-old technology consulting firm • The business process automation mindset that drives everything Brad does • Why listening to people and solving real problems beats "visionary" thinking38:50 - Balancing Work Ethic and Visionary Thinking as an Entrepreneur• Camden's personal struggle: too in the weeds vs. too visionary • How do you develop a work ethic while still allowing space for strategic thinking? • Brad's perspective: "I don't think I'm a visionary - I listen to people." • The importance of pulling yourself up by the bootstraps while staying strategic39:00 - Listening First: The Real Source of Innovation• Brad's philosophy: deep down, he's a business process person • Trained to find inefficiencies and make things better • Why listening to what people are doing leads to better solutions than "visionary" ideas • The discipline of staying curious and solving real problems01:01:57 - How to Connect with Brad and Closing• LinkedIn: linkedin.com/in/bradbanyas • OMI: omi.co • SaltyMF Enterprises: saltymf.com • Band Groupeez: bandgroupeez.com • RowOneX: rowonex.com • Remember to watch full episodes on YouTube at 10x Your Team • Follow on Facebook, Instagram, and LinkedIn • Full archive available at www.10xyourteam.netConnect with Brad Banyas here:https://www.linkedin.com/in/bradbanyas/https://www.omi.com https://www.saltymf.com https://www.bandgroupeez.com https://www.rowonex.com

On this episode of This Week in Pharmacy, we examine three major forces shaping healthcare today: the global impact of conflict on health security, the continued evolution of personalized specialty pharmacy care, and the over-the-counter products patients rely on most.   We open the show with Aman Gupta, Managing Partner, Asia-Pacific at SPAG FINN Partners, and contributor author at MedikaLife. Aman joins TWIRx to discuss his latest MedikaLife article, which argues that global conflict is quietly undermining health security by redirecting funding, attention, and infrastructure away from healthcare and toward defense priorities.   As military spending rises, health systems—especially in low- and middle-income countries—face growing pressure from shrinking access, rising costs, workforce shortages, disrupted supply chains, weakened disease surveillance, and reduced emergency preparedness. Conflicts in Ukraine, Gaza, and Sudan demonstrate how attacks on healthcare systems, displacement, malnutrition, and shortages of essential medicines can rapidly turn health access into a survival issue. Aman urges policymakers to treat health as strategic security infrastructure, not as a secondary social expense.   TWIRx also gives a special shout out to the Indian Pharmaceutical Association, recognizing its continued leadership and advocacy for the pharmacy profession.   Next, we welcome Dr. Chris Antypas, PharmD, with Perigon Pharmacy 360, for a discussion on how specialty pharmacy is becoming increasingly personalized. As complex therapies continue to advance, pharmacists are playing a critical role in ensuring medications and treatment plans are customized to optimize patient care. We explore how technology, workflow processes, clinical expertise, and pharmacists who deeply understand specific disease states are essential to successful specialty pharmacy outcomes.   To wrap up the episode, returning guest Shanley Chien Pierce, Senior Editor, Health at U.S. News & World Report, joins us to review the latest OTC medicine and health product evaluations. Top-rated products include Children's Delsym for coughs, Unisom for sleep, and Pedialyte for electrolytes, along with skincare favorites such as La Roche-Posay for retinol and Aquaphor for lip balm.   For the full list covering more than 128 categories, visit the U.S. News Best OTC Medicine & Health Products rankings.   Sponsored by Perigon Pharmacy 360 Listen & Subscribe Stay connected with This Week in Pharmacy and the Pharmacy Podcast Network for conversations with pharmacy leaders, healthcare innovators, policy experts, and industry voices shaping the future of care.

The Joe Piscopo Show 5-29-26 33:27- Col. Kurt Schlichter, Attorney, Retired Army Infantry Colonel with a Master's in Strategic Studies from the United States Army War College, Senior Columnist at Town Hall, and the author of the new book "Panama Red" Topic: U.S. and Iran reach a deal pending President Trump's approval 48:19- Daniel Hoffman, Ret. CIA Senior Clandestine Services Officer and a Fox News Contributor Topic: Feds seize $40 million in gold bars from the home of an ex-CIA official; Latest in Iran 57:23- Ammon Blair, former U.S. Army officer and Border Patrol agent and a Senior Fellow for the Texas Public Policy Foundation’s ‘Secure & Sovereign Nation’ Initiative Topic: Delaney Hall protests; DHS possibly blocking international flight processing in sanctuary cities 1:07:23- Gordon Chang, Asia expert, columnist and author of "China is Going to War" Topic: China-linked spy site expansion in Cuba 1:19:52- Laine Schoneberger, Chief Investment Officer, Managing Partner, and Founder of Yrefy Topic: Paying student loans on Fox Saturday 1:42:43- Heather Johnston, Founder of the U.S. Israel Education Association Topic: Marching in the Israel Parade on Sunday; Mamdani skipping the parade 1:55:27- Mike Davis, Founder of the Article III Project, Former Law Clerk for Justice Neil Gorsuch, and Former Chief Counsel for Nominations for the U.S. Senate Committee on the Judiciary Topic: Pam Bondi to appear before the House Oversight Committee; Biden's DOJ lawsuit; E. Jean Carroll investigation 2:04:15- Dottie Herman, host of "Eye on Real Estate" (Saturdays at 10 am) and "Real Talk with Dottie Herman" (Sundays at 10 am) on AM 970 The Answer Topic: Latest in New York and New Jersey real estate See omnystudio.com/listener for privacy information.

In this episode of the ETA Insider Podcast, Sunil Grover, MBA '99, joins the podcast to discuss his decades-long journey from investment banking and startup founder to ETA investor and advisor. Sunil is Managing Partner at Aavaran Capital, and a longtime supporter of Chicago Booth's Polsky Center. From navigating a painful post-acquisition culture clash to identifying the red flags that separate a great deal from an expensive mistake, Sunil offers hard-won wisdom on what it truly takes to buy well, operate wisely, and build a capital-efficient business that lasts — including how AI is poised to transform the businesses searchers are buying today. Released May 29, 2026

Interview recorded - 29th of May, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Ted Oakley. Ted is the founder and managing partner of Oxbow Advisors, with more than four decades advising high net worth clients across multiple cycles. His highest conviction call for 2026 is not tech and it is not even gold. It is hard commodities and the old economy assets the market has spent the past decade ignoring. During our conversation we spoke about the market, historical comparison to other bubbles, how energy is vastly undervalued, AI capex & valuations, government bonds, precious metals and more. I hope you enjoy!0:00 - Introduction1:26 - Overview of markets and economy2:40 - Historical comparison5:50 - Energy companies undervalued9:07 - Commodities12:26 - AI Capex & valuation17:37 - Government bonds19:59 - Precious metals23:46 - Market correction24:51 - One message to takeawayTed Oakley is Managing Partner and Founder of Oxbow Advisors. With more than forty years of experience in advising high net worth clients in the investment industry, Oakley implements the firm's proprietary investment strategies and the “Oxbow Principles” to provide a unique investment perspective. He is a frequent guest on FOX Business News, Bloomberg Radio, KITCO News, Cheddar TV, Yahoo Finance, and many more.Mr. Oakley is a Chartered Financial Analyst (CFA) and a Certified Financial Planner (CFP). He is a member of the Austin Society of Financial Analysts. He is also a Partner of Herndon Plant Oakley Ltd., an investment company. He is a Board Member of Texas State Aquarium, American Bank, and American Bank Holding Company. Mr. Oakley is a United States Army Veteran.Mr. Oakley began his career in Dallas, Texas, over 35 years ago. He is the author of nine books: You Sold Your Company, $20 Million and Broke, Rich Kids Broke Kids – The Failure of Traditional Estate Planning, Crazy Time – Surviving the First 12 Months after Selling Your Company, Wall Street Lies, Danger Time, My Story, The Psychology of Staying Rich, and Your Money Mentality.Mr. Oakley's primary philanthropic interest is helping children. He is Chairman Emeritus and Founder of the Foster Angels of South Texas, the largest foster child foundation in South Texas, as well as Chairman Emeritus and Founder of Austin, Texas-based Foster Angels of Central Texas. Also, President and Founder of Advocates for Foster Children Foundation.Ted Oakley - Website - https://oxbowadvisors.com/Twitter - https://twitter.com/Oxbow_AdvisorsLinkedIn - https://www.linkedin.com/in/ted-oakley-08444a32/YouTube - @OxbowAdvisors WTFinance - Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Ethereum's midlife crisis hits the podcast as ex-Bankless and ConsenSys insiders unpack ETH's talent exodus, identity spiral, "Microsoft" future, EF shake-ups, and the Solana contender play-all with spicy takes on airdrops, real dev stats, and blockchain adoption drama. Welcome to The Chopping Block — where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week, it's an Ethereum apostasy spectacular: we're joined by David Hoffman and Max Resnick, who hit the confessional booth to explain why they've left the church of Ethereum.  We kick off with David's viral "ETH is money" post-mortem: why he finally sold, and whether ETH can escape its spot on the yield farm for good. Max jumps in with an OG technologist's view on EF's internal struggles, talent flight, and the move-slow, break-nothing philosophy now gripping Ethereum's core. Is the EF just ossifying—or is it devolving into the "Microsoft of crypto"? From there, the hosts dissect the "second foundation" meme, why Twitter doomers might not matter for the ETH price, and whether Solana has stolen the next generation of devs. Max throws down on Solana's quantum future while the group takes barstool shots at metrics, narratives, and the never-ending "Ethereum is for boomers" debate. Whether you're a ride-or-die Etherean or just here for the schadenfreude, let's get into it. Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Show highlights

Discover the power of radical helpfulness and building long-term trust with John Hall, speaker, author, and Managing Partner at Relevance. In this episode, John details how his entrepreneurial mindset evolved from a third-grade lunch brokerage to a multi-million dollar real estate portfolio, all centered around identifying what people truly value. He shares practical insights on mastering deliberate time-blocking, navigating the massive shift into AI search engine visibility, and why leading with humility and core values ultimately outlasts ego. Guest Links:John's LinkedInRelevanceJohnHallCredits: Host: Lisa Nichols, Executive Producer: Jenny Heal, Marketing Support: Landon Burke and Joe Szynkowski, Podcast Engineer: Portside MediaSomething Extra with Lisa Nichols

“Activism” might be one of the less helpful terms in modern investing, a label that conjures everything from boardroom bust-ups, to terse exchanges between disgruntled shareholders and incumbent managements. However, in this conversation, Lars explains the early insights gained from collaborations with the great Carl Icahn, to building Cevian, and creating a long-term, extremely successful fund, investing in a small number of listed European and UK companies to help bring about significant, value-creating change. He explains the voyage from identification to ownership; from constructive engagement to taking a place on the board; to working to bring about change and improving the business' execution to driving improved shareholder returns through operational improvements. He contrasts their approach to that of private equity, discusses investing as they did to bring about change at ABB, to pondering on the question of “why more people don't do this?” The Money Maze Podcast is kindly sponsored by J.P. Morgan Asset Management*, IFM Investors, World Gold Council and LSEG.*During the episode we cite J.P. Morgan Asset Management as Europe's leading active ETF provider by assets under management. This is sourced from J.P. Morgan Asset management and Bloomberg, data as of 30 March 2026.

Slava Rubin was co-founder and CEO at indiegogo in addition to being co-founder at Vincent, co-founder at Nillion and co-founder and Managing Partner of Humbition, an early stage venture fund. He is also currently a member of the board of NYSE traded (WSO) Watsco Inc.

"Preparation isn't optional when people are trusting you with the hardest moment of their lives." -Michael Saile The Lawyer Stories Podcast Episode 269 features Michael Saile, Founder, Managing Partner, and Trial Attorney at Cordisco & Saile, LLC, a rapidly growing personal injury law firm based in Bucks County, Pennsylvania. Michael built his career trying serious injury cases and helping real people take on powerful insurance companies and corporations. Today, he leads a modern injury firm focused on catastrophic injury, trucking crashes, traumatic brain injuries, and wrongful death cases - while continuing to emphasize discipline, preparation, and client trust. In this conversation, we discuss building and scaling a law firm in today's legal landscape, the growing role of AI in legal operations, leadership through adversity, and why Michael believes you only get one chance to properly represent a client - so you better be fully prepared and genuinely care about the people you represent. We also talk about how his wrestling background shaped his mindset in trial work, leadership, and accountability both inside and outside the courtroom. Great conversation with Michael about growth, responsibility, and building a law firm culture centered around performance and people. This episode is also sponsored by Grow or Die with John Morgan. For the first and only time, John Morgan will take the stage in Las Vegas to lay out how he achieved explosive, long-term dominance and legacy. No fluff. No theory. No motivational garbage. Join firm leaders from across the country at the Wynn Encore on June 9–10 for two days of CLE-accredited sessions focused on building your firm for the next 10, 20, even 30 years down the line. Use code STORIES20: https://events.themorganconnection.com/growordiewithjohnmorgan/lawyerstories This episode presented by CallRail Integrated into your case management system, CallRail helps you: Capture every call - even after hours Spot high-value leads instantly Respond faster Get the insights you need to bring in bigger cases Join over 3,000 law firms using CallRail to follow up faster, land bigger cases, and drive growth for your firm. Start your free trial at: https://www.callrail.com/legal-services?utm_medium=influencer&utm_source=lawyer-stories

As the United States approaches its 250th anniversary, the Constitution remains the most consequential document in American life — and more people are reading it than ever. But pick up almost any commercial edition and you'll find the same thing: small type, no imagery, nothing that invites you in. Jessie McGuire noticed this too. Find bonus content and more on our Substack: https://designbetterpodcast.com/p/jessie-mcguire Every copy her studio ordered looked identical — dense, utilitarian, forgettable. So they redesigned it. They printed thousands of copies, donated them to New York City schools, and invited designers like Milton Glaser and Seymour Chwast to create posters for each amendment in the Bill of Rights. That project became a turning point — not just for the studio, but for how they think about what design is actually for. Jessie is Managing Partner of Thought Matter, the independent design and creative studio that just won the 2026 National Design Award for Communication Design from the Cooper Hewitt, Smithsonian Design Museum — the field's highest national honor. It's an award that recognizes not a single project but a decade of practice, and Thought Matter's practice has been built around a bold idea: that imagination is a radical act. A Salvadoran-American designer, New Yorker, and mother of two, Jessie brings a perspective shaped by navigating spaces that weren't always designed for her. She teaches entrepreneurship at Pratt, mentors emerging designers, and leads a studio that works with cultural institutions, nonprofits, and commercial brands — all grounded in the belief that design is civic infrastructure, a tool for helping people see themselves as participants in shaping the world around them. In this episode, Jessie talks about the origin of the Constitution project, what it means to fund the work you actually want to talk about, why she thinks scale and speed aren't serving us, and why sitting down to make something with your hands — like the beaded bracelets she makes with her kids — still matters. Bio Jessie McGuire is Managing Partner of Thought Matter, the independent design studio that won the 2026 National Design Award for Communication Design from Cooper Hewitt, Smithsonian Design Museum — the field's highest national honor. She leads the studio's strategy and long-term vision, working with cultural institutions, nonprofits, and commercial brands on work grounded in the belief that design shapes what people believe. A Salvadoran-American designer and mother, Jessie is committed to expanding who gets to lead in the design industry. She teaches entrepreneurship at Pratt Institute, lectures on design as civic infrastructure, and mentors emerging designers. Before Thought Matter, she worked in-house at Kimberly-Clark and led projects for multinational brands. She holds a BFA from Pratt Institute and an MPS in Branding from the School of Visual Arts. *** Premium Episodes on Design Better This ad-supported episode is available to everyone. If you'd like to hear it ad-free, upgrade to our premium subscription, where you'll get an additional 2 ad-free episodes per month (4 total). Premium subscribers also get access to the documentary Design Disruptors and our growing library of books. New premium subscriber benefit: we've launched a private Slack workspace…join now to connect with designers, product leaders & creative practitioners in our community. And get a behind-the-scenes pass to every episode with The Roundup, where each week we bring you insights and actionable tactics from recent episodes. You'll also get access to our monthly AMAs with former guests, ad-free episodes, discounts and early access to workshops, and our monthly newsletter The Brief that compiles salient insights, quotes, readings, and creative processes uncovered in the show. And subscribers at the annual level now get access to the Design Better Toolkit, which gets you major discounts and free access to tools and courses that will help you unlock new skills, make your workflow more efficient, and take your creativity further. Upgrade to paid Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeremy Horowitz, the Managing Partner of Because Ventures and CEO of CoCo AI, adds his page to the Marketing Playbook. Hear how to differentiate your brand, how to use AI as an efficiency tool, why business owners make the best business buyers, what to look for when investing in a business, and Jeremy's passions for sports & entrepreneurship. Connect with Jeremy at Because.Ventures, My-CoCo.AI, on LinkedIn, and his Let's Buy a Biz! newsletter

Federal employees and spouses often hear the phrase: "It's an inheritance, so it's tax-free." But is that actually true? In this FERS Federal Fact Check episode, Micah Shilanski, Managing Partner and Wealth Advisor, breaks down a common misunderstanding around inherited money, estate taxes, and taxable retirement accounts. Find out why "no inheritance tax" does not always mean "no taxes," and how inherited accounts could affect your retirement income, tax bracket, and long-term planning decisions. Check out the full article on our website: https://plan-your-federal-retirement.com/did-you-just-inherit-a-tax-problem?utm_medium=social&utm_source=social&utm_campaign=fffc-26-0527

The New York Times reported that the maker of Canvas, the software used by thousands of schools and universities around the world, has reached a deal with the hackers that recently breached its systems for the return of stolen data and the destruction of any copies. In this episode, host Amanda Glassner is joined by Heather Engel, Managing Partner at Strategic Cyber Partners, to discuss. To learn more about today's stories, visit https://cybercrimewire.com • For more on cybersecurity, visit us at https://cybersecurityventures.com.

In this episode of Herrick Does That, Yariv Ben-Ari, Partner at Herrick and Co‑Chair of the firm's Real Estate Hospitality Group and Israel Practice, is joined by Shai Zelering, Managing Partner at Brookfield and Head of Hospitality Investments in Brookfield's Real Estate Group, for a timely discussion on global hospitality investing. Drawing on Brookfield's experience as one of the world's largest alternative asset managers, Shai shares how the firm navigates market dislocation, evaluates when to buy or wait, and creates value through operational, strategic, and capital-driven improvements across hotel portfolios worldwide. The conversation explores the macro forces shaping global travel and capital markets, the nuances of investing across regions, and how Brookfield thinks about holding versus selling assets, offering listeners a clear, experience‑driven perspective on turning uncertainty into long‑term outperformance. Music by Michelangelo Sosnowitz

My guest today is Darren Farber, and this is his second appearance on the show. Darren is a Managing Partner of Albion River, a defense-focused investment firm and he previously served as a special advisor to the Deputy Under Secretary of Defense. We recorded this conversation in the middle of the Iranian contingency, and we spent most of our time on what winning actually means in a theater like Iran. We discuss why magazine depth matters for the American industrial base, lessons from Ukraine, and what the rise of neo-prime defense companies will require from Congress. Please enjoy my second conversation with Darren Farber. For the full show notes, transcript, and links to mentioned content, check out the episode page ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠.  ----- Become a Colossus member to get our quarterly print magazine and private audio experience, including exclusive profiles and early access to select episodes. Subscribe at ⁠colossus.com/subscribe⁠. ----- ⁠Ramp's⁠ mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠ramp.com/invest⁠⁠ to sign up for free and get a $250 welcome bonus. ----- Trusted by thousands of businesses, ⁠Vanta⁠ continuously monitors your security posture and streamlines audits so you can win enterprise deals and build customer trust without the traditional overhead. Invest Like the Best listeners get a special offer of $1,000 off Vanta when you go to ⁠vanta.com/invest⁠.  ----- WorkOS⁠ is the infrastructure B2B and AI-native companies use to sell to enterprise. It covers everything enterprise security requires: SSO, SCIM, RBAC, Audit Logs, AI governance, and more. Trusted by 2,000+ fast-growing companies, including OpenAI, Anthropic, Cursor, and Vercel. ----- Rogo is the AI platform for finance. They're building agents for Wall Street that are trained to understand how bankers and investors actually do work: from diligence and modeling, to turning analysis into deliverables. To learn more, visit rogo.ai/invest. ----- ⁠Ridgeline⁠ has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Visit⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ridgelineapps.com⁠. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠). Timestamps: (00:00:00) Welcome to Invest Like The Best (00:02:29) Darren Farber Intro (00:02:59) Defining What Winning Looks Like in Iran (00:12:16) The Strait of Hormuz (00:13:27) Eisenhower vs. Taylor: Two Military Doctrines Explained (00:17:12) US Military Readiness vs. the Pentagon Era (00:20:05) America's Magazine Depth (00:21:36) China's Vulnerability (00:25:28) Trading Freedom for Security (00:27:31) Today's Industrial Base (00:29:30) Lessons from the Ukraine War (00:31:11) Impact of Iran Conflict on Taiwan Risk (00:33:02) What Neo-Prime Defense Companies Need to Succeed (00:39:53) Can We Win Without Full Regime Change in Iran? (00:45:46) AI's Impact on Modern Warfare

JB Thibodeaux grew up in Acres Homes in Houston and is a third-generation carpenter and concrete specialist who turned that craft into a vertically-integrated real estate development business. His firms, J.B. Thibodeaux Homes & Properties, CCB Construction LLC, and CCB General Contractors LLC, have led over $100 million in projects across mass development, pocket development, and affordable housing infill. This year, the Houston market crowned him the "Duplex King."In this episode, Ed and JB unpack a contrarian lesson the real estate education industry rarely teaches: the difference between the real estate hustle and the real estate business. Hustle gets you doors. Business gets you a sustainable enterprise. Most operators only ever learn the first one.JB walks through the Houston duplex pricing math that vindicated his long conviction on the market, from "praying to get $350" on a 2,500 square foot duplex to selling at $479, almost $500,000. He explains his concept-to-keys pocket-development model, Houston's no-zoning-but-deed-restrictions quirk, the 60/40 build-to-sell vs. build-to-hold split for his client base, and why vertical integration (owning the GC) is a margin lever most flippers underestimate.In this episode:Pocket development inside a major metro: the frameworkThe duplex math that vindicated a Houston long-holdHouston's "no zoning" reality: where the leverage actually livesWhy "the gurus teach you doors, not business"House hacking as the duplex exit strategyGenerational construction knowledge as competitive moatMayor Sylvester Turner naming February 20 "James 'JB' Thibodeaux Day" (2019)If you're a flipper, wholesaler, or operator trying to build a business and not just a deal pipeline, this is the episode.This week's book: The Miracle Morning by Hal ElrodGuest: JB Thibodeaux, Founder & Managing Partner, J.B. Thibodeaux Homes & PropertiesWebsite: jbthibodeaux.comLinkedIn: linkedin.com/in/james-thibodeaux-8a98b51b7Instagram: @jbthibodeauxhomesElevista - Speed as a Service™Elevista Connect is the first AI-powered lead conversion system built for real estate investors.

Hosts Regan Brown, along with co-hosts Bill Mann, General Manager at Paradise Pools, and Brad Bacome, Certified Community Manager at The Manor, sit down with Heather McMills, Managing Partner of McMills Duffy Consulting Group, to discuss the realities of HOA leadership and board responsibility. Heather shares her path from the technology and financial services industries into the HOA world, eventually serving as both a board member and HOA president. The conversation explores fiduciary duty, liability exposure, financial decision-making, and the importance of understanding the responsibilities that come with serving on a board. They also discuss homeowner communication, long-term planning, and how informed leadership can help communities operate more effectively and avoid costly mistakes.Send us Fan Mail

In this episode, Chad Bareither—founder and Managing Partner of Bareither Group and author of Improve Less—joins us to reveal why doing less improvement work often delivers far better, more sustainable results. Drawing from 20+ years as a Lean Six Sigma Master Black Belt and hands-on work with mid-market manufacturing and product-development companies, Chad shares his proven framework for aligning strategy, sharpening improvement efforts, and locking in gains through daily management. You'll learn how to stop “walking by a mess,” build a true culture of continuous improvement, and create systems that turn reactive firefighting into proactive leadership. Whether you're overwhelmed by too many initiatives or struggling to sustain the gains you've already made, this conversation delivers practical, no-fluff strategies you can apply immediately. Tune in to discover how focusing on fewer, higher-impact improvements can transform your operations, your team, and your bottom line. Connect with Chad and learn more at bareithergroup.com.Become a supporter of this podcast: https://www.spreaker.com/podcast/i-am-refocused-radio--2671113/support.Subscribe now at YouTube.com/@RefocusedNetworkThank you for your time. 

As retirement approaches, financial organization becomes more important than ever.In this episode, Miguel Gonzalez discusses how simplifying accounts, reviewing old retirement plans, updating beneficiaries, and organizing important financial documents can help create more clarity and confidence before retirement. Small organizational steps today can make managing your financial life much easier in the years ahead.Miguel Gonzalez is a Certified Retirement Counselor (CRC) with over 25 years of experience helping individuals and families design retirement income strategies and long-term financial plans. He is the Managing Partner of Cortburg Retirement Advisors, a boutique firm focused on retirement planning, investment management, and financial clarity.#RetirementPlanning #FinancialOrganization #CortburgSpeaksRetirement #MiguelXGonzalez #FinancialWellness #RetirementPrepWelcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORSFacebook-> https://m.facebook.com/CortburgIncTwitter-> https://twitter.com/CortburgIncLinkedIn->https://www.linkedin.com/in/miguelxgonzalez/Website: www.CortburgRetirement.comEmail:     Miguel@CortburgRetirement.com

What if success is not the hard part? Lisa Broderick, Managing Partner of Conversus Group,  and co-author of Permanence with Marshall Goldsmith, brings a practical answer to one of leadership's most overlooked problems: how to stay the person you want to be after success arrives. Most leadership advice focuses on achievement. Hit the goal. Grow the company. Build the platform. Scale the impact. But Lisa's work asks a sharper question. What happens to your behavior, identity, and relationships once the pressure of success starts to reshape you? In this conversation, Lisa unpacks the power of daily questions. Not vague reflection. Not motivational slogans. A simple, measurable practice that helps leaders notice their behavior in real time. That noticing creates agency. Agency creates change. The breakthrough is in the wording. "Did I do my best?" is different from "Did I succeed?" It removes perfection from the equation. It puts ownership back in the leader's hands. And it makes behavior change sustainable. Lisa also shares how accountability changes everything. Leaders shifted their actions during the day because they knew someone would ask. Not an app. Not a dashboard. A person. That human connection made the work harder to ignore and easier to sustain. This episode is a powerful look at thought leadership in action. Lisa and Marshall are not just sharing ideas. They are turning research, coaching, behavioral science, and real-world executive practice into a framework leaders can use immediately. For CEOs, coaches, advisors, and thought leaders, this conversation is a reminder that success can create drift. One small compromise at a time. The right questions can bring leaders back to intention, clarity, and permanence. Three Key Takeaways: •Sustainable success requires more than achievement. Lisa Broderick's work focuses on what happens after leaders become successful. The danger is "identity drift"—small compromises that slowly pull leaders away from who they want to be. • The right questions create real behavior change. Daily questions like "Did I do my best?" shift the focus from perfection to effort, ownership, and awareness. That makes change more practical, measurable, and sustainable. • Accountability makes thought leadership actionable. The practice worked because leaders knew someone would ask. Human accountability turned reflection into action and helped leaders change their behavior in real time. Lisa Broderick shows how daily questions and human accountability help leaders create lasting behavior change. Adam Fridman takes that idea further, showing how small habits can be built and scaled across teams and organizations. Listen to Lisa's episode to understand why change starts with awareness. Then listen to Adam's to see how daily habits turn into measurable business impact.

AI-driven power demand, LNG growth, and infrastructure bottlenecks are reshaping energy investment faster than ever.In this episode of In-Basin Observations, Bill Austin sits down with Jason Downie, Co-Founder & Managing Partner at Tailwater Capital, to discuss Tailwater's differentiated approach across midstream, water, recycling, software, power-linked assets, and upstream energy investments.The conversation explores major industry shifts, including upstream consolidation, natural gas infrastructure constraints, LNG-driven demand growth, rising AI-related power needs, and the increasing importance of disciplined capital allocation in today's energy market.00:00 Show Intro and Guest01:14 Jason Downie Background02:35 Why Tailwater Started03:03 Data Driven Non Op Model05:23 Full Immersion Value Chain08:11 What Investors Miss12:19 Energy Re Rating Post COVID14:23 Macro Trend Upstream Evolution15:05 Efficiency Gains and Inventory19:19 Portfolio Benefits and Permian Gas21:21 Midstream Platform Buildout21:59 Texas Last Mile Gas Demand23:04 LNG Logistics And Bottlenecks24:21 Structural Gas Demand Shift28:29 AI Power Demand Economics29:52 Behind The Meter Boom31:36 NIMBY Pushback And Grid Fixes34:24 National Security And Reshoring35:36 Why Private Ownership Wins38:36 Geopolitical Risk Premium Wrap

For the holiday weekend, a new episode of the “From the Fabricator” podcast is ready for you.  Guest numbers 219 and 220. I kick it off with Randy Brooks, President & CEO of Gardner Glass/Walker Glass.  Randy is the genuine article, and it was fun to catch up with a guy I first ran into in this industry 30+ years ago.  We hit on a ton of subjects, including bringing two great companies together, expansions, products, and more.  Then I had a great time with Jared Ruggieri, National Sales Manager at Spectrum Metal Finishing.  Cool career he's had and now doing great things on the coating side.  Great perspectives on several items (real backlog vs paper backlog, among others), and he shares my appreciation for powder coating!  I continue to enjoy bringing different voices to the forefront, and these two deliver.  Plus, with the growth in the audio audience, I think this model is working!  Thank you to all who continue to support this effort!  I appreciate it!Thank you to FHC Frameless Hardware Company for their ongoing support of the From the Fabricator podcast!Still the fastest railing system in the game.Still the “Best Innovation for Installers”, per Glass MagazineStill the best railing solution.FHC ACHIEVE Frameless Glass Railing delivers safety and smiles, consistently.Visit FHC-USA.com  and shoutout to the railing guru Jose Quinones.From the Fabricator- #Glass and #Glazing hosted by Max Perilstein, Managing Partner of Sole Source Consultants.  Connect with Max on LinkedIn at https://www.linkedin.com/in/max-perilstein-409ba111/

Have you noticed how easily we fall into "panic mode" when we see technology evolving faster than we can keep up? Many artists and creators are currently operating on a high-stress autopilot, fearing that AI is coming for their livelihoods. We've been conditioned to think that if we just work faster or lower our prices, we might survive the digital shift. But what if the "race to the bottom" is a habit we can break? What if the real threat isn't the technology itself, but a lack of structure and a failure in how we position our mastery? The solution lies in shifting from being a "content producer" to a creator of transformational experiences.  This is the perspective Sylvia Barrero has championed throughout her 25-year career. From her early days as an artist to building a global art platform, Sylvia realized that the gap between a struggling creative and an international success isn't talent—it's access, narrative, and positioning. In this episode, Sylvia shares how she built a "Value Ladder" that allows art to be seen and truly valued without losing its soul. She explains how to move beyond the fear of AI by making your unique story, vision and process visible, building a high-trust brand that machines simply cannot replicate. If you are an artist feeling lost in the digital noise, or if you know a creative soul who is struggling to find their worth in a crowded market, this conversation is for you. Sharing this episode could be the catalyst that helps an artist stop producing "cheap content" and start building a sustainable, international legacy. In this episode, you will learn: Why visibility without structure fails and how to connect your work to global and local audiences. How to move from accessible entry points to high-value, intentional work. How to use technology to document your mastery and build long-term cultural relevance. Three practical steps to grow sustainably while keeping your artistic integrity intact. Topics covered: Art positioning, mindset for artists, Sylvia Barrero, creative economy, AI vs Artists, value ladder for creators, art business strategy, global art market, sustainable creativity, personal branding for artists, how to sell art online, make money as an artist, artist business plan, how to price my art, AI for artists, art marketing strategy, monetize your creativity, building an art brand, starving artist mindset, art career coaching, how to find art collectors, sustainable art business.   Watch the interview here: https://youtu.be/PB_FqZeZZMc   Sylvia Barrero is anIndustrial Designer, a visual artist, and the Managing Partner and Co-founder of Elisium Art. Her purpose is to transform the art market "One Brushstroke at a Time", expanding access, empowering artists, and building meaningful bridges between creativity, innovation, and global audiences. LinkedIn Profile: https://www.linkedin.com/in/sylvia-barrero/

What makes a founder truly exceptional? In this episode of Technoventure, Peter High speaks with Paige Craig, Founder and Managing Partner of Outlander VC, about the founder characteristics that separate resilient entrepreneurs from persuasive storytellers. Drawing from his experience as a Marine sergeant, intelligence operator, entrepreneur, and early investor in companies like Lyft, Paige shares how leadership under chaos shaped his investment philosophy. The conversation explores founder psychology, risk management, physical AI, robotics, deep tech, and why software alone may no longer be enough to create defensible businesses in the AI era. Key topics include: Why founder character matters more than ideas How military leadership shaped Paige's investing philosophy What investors misunderstand about risk Why physical AI and robotics are the next frontier How AI is changing venture capital and startup creation

In this episode of the Established Podcast, Charlie O'Donnell, NYC venture capitalist, community builder, and Author of Founder Unfriendly: What Investors Won't Tell You About Getting Funded  joins Frank Gruber, host of the podcast and Co-CEO at Established and Managing Partner at Established Ventures, for an honest conversation about venture capital, startup fundraising, and the realities founders rarely hear from investors. Charlie shares lessons from more than 20 years in venture, including his time at Union Square Ventures and as founder of Brooklyn Bridge Ventures, while discussing insights from his new book, Founder Unfriendly: What Investors Won't Tell You About Getting Funded. The discussion covers why most startups are not a fit for traditional VC, how founders should think about risk, the hidden dynamics inside partner meetings, why storytelling matters in fundraising, and how AI is changing the future of startups and investing. Charlie also shares actionable advice on customer discovery, building community-driven companies, and designing a business that aligns with the life you actually want. Get Involved! Founders, investors, startup teams, entrepreneur support organizations (ESOs), and innovators, we invite you to join the Established Network, our digital hub where creativity, capital, and collaboration collide. https://established.network    Watch the episode on the Established YouTube Channel at: https://soty.link/ESTYouTube   Thank you for listening, and as always, please check out the Established website and subscribe to the newsletter at: www.est.us    Subscribe to the Established podcast: https://theestablishedpodcast.com/     Startup of the Year helps diverse, emerging startups, founding teams, and entrepreneurs push their companies to the next level. We are a competition, a global community, and a resource. Startup of the Year is also a year-long program that searches the country for a geographically diverse set of startups from all backgrounds and pulls them together to compete for the title of Startup of the Year. Check out Startup of the Year at: www.startupofyear.com   Established is a consultancy focused on helping organizations with innovation, startup, and communication strategies. It is the power behind Startup of the Year. Created by the talent responsible for building the Tech.Co brand (acquired by an international publishing company), we are leveraging decades of experience to help our collaborators best further (or create) their brand & accomplish their most important goals. Check out Established at: www.established.us Connect with us on X (formerly Twitter) - @EstablishedUs  Connect with us on Facebook - facebook.com/established.us

On tonight's show, I'm joined by Kristin Stitt, Managing Partner of North Alabama Swim Schools and SafeSplash Swim Labs in Huntsville and Madison. Most parents believe they know whether their child can swim. Kristin says the bigger question may be whether a child is truly water competent. With a background in healthcare leadership and a passion for drowning prevention, Kristin is helping families understand that swim lessons are only one part of the picture. We'll talk about why parents often overestimate swimming ability, the importance of adaptive aquatics, and why swimming may be one of the most valuable investments a family can make for a child's future. We'll also discuss why Kristin calls swimming “the first and forever sport” and how it can build confidence, discipline, emotional health, and life-saving skills that last far beyond the pool. Real stories. Real people. Real impact. News That Unites!™️

How do you build a €3.5 billion private markets platform in Europe?David Cruz e Silva speaks with Jaap Vriesendorp, Managing Partner at Marktlink Capital, about building a leading private markets platform backed primarily by entrepreneurs and high-net-worth families.Jaap explains why Marktlink sees scale as a competitive advantage in private markets, enabling better fund access, flexible ticket sizing and stronger operational infrastructure. The conversation also explores the firm's merger strategy, annual fund structures, vintage diversification and ambitions to expand across Europe.The episode comes shortly after Inflexion announced a minority investment into Marktlink Capital through Partnership Capital III, backing the firm's next phase of European growth.Key highlightsScaling to nearly €3.5 billion AUM backed mostly by entrepreneursWhy scale matters for fund access and LP consistencyCombining venture and private equity capabilitiesAnnual fund structures and vintage diversificationBuilding infrastructure for long-term European expansionTimestamps(01:00) Introduction and Jaap's background(06:00) From McKinsey to launching a venture fund-of-funds(07:00) The early merger strategy behind Marktlink Capital(09:30) Building a platform backed by Dutch entrepreneurs(12:30) Why scale matters in private markets(19:00) Product strategy across venture, private equity and private credit(24:00) Building the firm, hiring philosophy and using AI internally(33:00) Venture strategy, vintage diversification and emerging managers(41:00) What Marktlink looks for in emerging venture managersFurther listening:E347: The $26B CIO Who Turned Superforecasting Into Alpha - How I Invest with David Weisburd

Rebecca from Jito Labs joins Haseeb, Tom, and Tarun for a regulation deep-dive covering the CLARITY Act's stablecoin yield compromise and presidential ethics sticking points, CME and ICE's lobbying war against Hyperliquid's RWA perps, the prediction market legal battle heading to the Supreme Court, and whether the SEC's tokenized securities innovation exemption will actually matter. Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week, joining us is Rebecca Rettig, Chief Legal Officer at Jito Labs, who's here to help the crew make sense of the absolute regulatory tornado tearing through the industry. First up: the CLARITY Act. It just got out of Senate Banking Committee, but the road to passage is anything but smooth. The stablecoin yield fight with banks ended in a "do stuff yield" compromise, but presidential ethics provisions remain the last polarizing hurdle. Rebecca breaks down what actually changes for token founders if it passes — spoiler: not much immediately, since rulemaking alone could take years. Then: CME and ICE have declared war on Hyperliquid, lobbying the Hill to force CFTC registration on the decentralized perps giant. The crew debates who actually wins US regulated perps, whether Hyperliquid's pre-IPO markets represent a genuine threat to investment banking, and Rebecca introduces "on-chain finance" — a distinction the panel immediately roasts her for. Finally: prediction markets are in a legal bloodbath across state courts with a Supreme Court showdown likely by 2027, and the SEC's tokenized securities innovation exemption has Twitter buzzing but Rebecca skeptical. Let's get into it. Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Show highlights

35:16- Hans von Spakovsky, Senior Legal Fellow in the new Edwin Meese III Institute for the Rule of Law at Advancing American Freedom Topic: Indictment of Raul Castro; Other legal news of the day 49:11- Daniel Hoffman, Ret. CIA Senior Clandestine Services Officer and a Fox News Contributor Topic: Xi and Putin’s meeting 1:00:21- Dr. Jennifer Edmonds, Dean of the School of Business and Digital Media at Georgian Court University Topic: Ocean County spotlight 1:23:29- Congresswoman Nicole Malliotakis, Representative for New York’s 11th Congressional District Topic: Raul Castro indictment 1:34:59- Laine Schoneberger, Chief Investment Officer, Managing Partner, and Founder of Yrefy Topic: Latest from Yrefy 1:44:34- Gordon Chang, Asia expert, columnist and author of “China is Going to War” Topic: Trump’s defense of Chinese students in the U.S. 1:57:44- Christian Toto, Entertainment Commentator, host of the “Hollywood in Toto” podcast, and Managing Editor of Hollywood in Toto.com Topic: “Stephen Colbert embodies Hollywood’s partisan self-destruction” 2:06:21- Pastor Dave Watson, Senior Pastor of Calvary Chapel on Staten Island, Founder and President of the New York Institute of Biblical Studies, and the host of “God in Our City” on WMCA Topic: Memorial Day; Pentecost Sunday; Recap of the Rededicate 250 eventSee omnystudio.com/listener for privacy information.

The Two-Year Test: Would You Still Want to Own Your Company? Forget distant five- and ten-year plans—if you picture your role two years from now, what would need to change? Hear the mindset and tactical pivots that make the next 24 months transformative for you and your business. Whether you are steering a boutique firm, scaling a mid-market powerhouse, or navigating a large enterprise, reducing operational friction and increasing data visibility for real-time decision making is something you can influence today. Meet your business advisors: Christy Maxfield, President and CEO at Purpose First Advisors Dean Barta, Founder and CEO at Barta Business Group Jess Dewell, Managing Partner and Growth Strategist at Red Direction In this 3-part discussion, they will discuss: The Reality Audit. Acknowledging issues isn't enough—claiming is about taking full responsibility to drive intentional results. Design 2+ Years Ahead. Lean in to the cadence of your existing productivity and priority framework. The Execution Bridge. (Moving the Needle) Move the needle by stacking priorities and how to do it.  Move beyond surface acknowledgment; truly own where your business stands to enable meaningful growth and change.

What separates basic tax filing from true financial strategy? In this episode, we sit down with Michael Uadiale, Managing Partner at Smeed CPA, to break down the world of proactive tax strategy, wealth preservation, and financial planning for high-net-worth entrepreneurs and real estate investors.Michael shares how his unique combination of CPA, CGMA, and FCA credentials helps business owners think beyond compliance and focus on long-term wealth optimization. We dive into advanced tax planning strategies, the realities of bonus depreciation and cost segregation, and why many successful entrepreneurs wait too long to move beyond a generalist CPA.The conversation also explores Real Estate Professional Status (REPS), common audit pitfalls investors overlook, and how Michael built TracNest to solve one of the biggest documentation challenges in the industry. Plus, we discuss the growing role of AI inside modern CPA firms and where human expertise still matters most.If you're building wealth, scaling a business, or investing heavily in real estate, this episode offers valuable insights into protecting and maximizing what you've worked hard to create.

Today's show features: - Christian Crain, VP of Operations at Crain Automotive - Doug Fusco, Managing Partner, Dealer Compliance at Informativ - Leo Portaluppi, Owner/CEO at P4 Automotive This episode is brought to you by: Zurich – Zurich helps dealers operate with clarity, confidence and certainty — driving stronger performance today while protecting long‑term value. From proven F&I processes and insights‑driven training to income‑generating programs, profit participation, and risk management solutions, Zurich is built to help dealers win now — and build for what's next. Discover more at: https://carguymedia.com/4wxv8dz Informativ – Informativ's SmartPencil gives dealers a credit-qualified, lender-specific first pencil the moment a soft pull returns -- VIN-level accurate, optimized for both consumer payment and dealer profit. It eliminates the guesswork that costs deals and speeds up the sales process. See how it works at https://informativ.com/ Check out Car Dealership Guy's stuff: CDG Circles ➤ https://cdgcircles.com/ CDG News ➤ https://news.dealershipguy.com/ CDG Jobs ➤ https://jobs.dealershipguy.com/ CDG Recruiting ➤ https://www.cdgrecruiting.com/ My Socials: X ➤ ⁠https://www.twitter.com/GuyDealership⁠ Instagram ➤ ⁠https://www.instagram.com/cardealershipguy/⁠ TikTok ➤ ⁠https://www.tiktok.com/@guydealership⁠ LinkedIn ➤⁠ https://www.linkedin.com/company/cardealershipguy/⁠ Threads ➤ ⁠https://www.threads.net/@cardealershipguy⁠ Facebook ➤⁠ https://www.facebook.com/profile.php?id=100077402857683⁠ Everything else ➤ dealershipguy.com

 People are living longer than ever — but many retirement plans were never built for a 30-year retirement.In this episode, Miguel Gonzalez discusses longevity risk, rising healthcare costs, and the financial challenges that can come with a longer retirement timeline.Miguel Gonzalez is a Certified Retirement Counselor (CRC) with over 25 years of experience helping individuals and families design retirement income strategies and long-term financial plans. He is the Managing Partner of Cortburg Retirement Advisors, a boutique firm focused on retirement planning, investment management, and financial clarity.#RetirementPlanning #LongevityRisk #CortburgSpeaksRetirement #MiguelXGonzalez #FinancialWellness #RetirementIncome Welcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORSFacebook-> https://m.facebook.com/CortburgIncTwitter-> https://twitter.com/CortburgIncLinkedIn->https://www.linkedin.com/in/miguelxgonzalez/Website: www.CortburgRetirement.comEmail:     Miguel@CortburgRetirement.com

The Great Talent Redistribution: Where is Talent Actually Going in 2026 and beyond?  Is the start-up compensation model broken? How about big Big Tech? How about non-tech small & medium businesses? What is happening to talent, going forward? This and many other topics in this episode of Tech Deciphered. Navigation: Intro The Broken Contract? The Great Unbundling The Three (?) Destinations Alternative Cap Tables, Alternative Compensation Models Investor Landscape Fragmentation Operator Playbook and Predictions Conclusion Our co-hosts: Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder of App Annie / Data.ai, business angel, advisor to startups and VC funds, @bschmitt Nuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedro Our show: Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news Subscribe To Our Podcast Nuno Goncalves Pedro Introduction Welcome to episode 77 of Tech Deciphered. This episode will focus on the great talent redistribution. Where’s talent actually going in 2026 and beyond? The Silicon Valley deal of the last 30 years, very low salary, stock options, you will either sell for a ton of money or IPO, and everyone gets rich, is seemingly broken. Or is it really? The dominant narrative says the tech middle class is dying. We disagree. There is obviously a lot of stuff going on whereby big tech is partially barbelling. There’s a superstar concentration on the top. There’s a bit of a seemingly allowing of the belly. We’ll come back to that. We don’t quite believe that is totally true. There’s a collapse at entry level. The belly is migrating into three, potentially even more, very different destinations: AI native startups, human-verified premium businesses, and the read the industrialized middle of the S&P 500 and SMB world. Each has its own cap table, each will have its own compensation model, and each will have its own investor profile. In some ways, this is the third episode in our Reset trilogy. We started with episode 75 on the SaaS-apocalypse. We talked about the great private capital reset in episode 76, and now we talk about talent redistributions. Bertrand, exciting times, not always positive times.   Bertrand Schmitt Yeah, it’s exciting times because it’s a time of change. Of course, we have the doomsayers. If you listen to Dario Amodei of Anthropic, every white-collar job on Earth is going to disappear. I think I strongly disagree, and I suppose you too as well, we strongly disagree. It’s going to be more of a redistribution. If you look at the history of technology, this is what always happened. We forget how many jobs have disappeared over the past 150 years. We move from a time of 150 years ago. People were mostly in agriculture. Then you had a lot of weird jobs that disappeared from people transporting water to people bringing ice from the pools to people doing the job of computers. People forget that computer was a title given to human beings. We’re doing calculations. Then, of course, secretory jobs in the ’80s, ’90s, where suddenly anyone can type using a word processor, the rise of Excel, that sort of stuff. Many things have changed. Some jobs have indeed disappeared. Some jobs have totally transformed. Where you do these jobs have changed. I think we are at a similar stage where, thanks to AI, and I would say for now, or at least the rise of AI coding, there is a dramatic change happening. I don’t think it means that people will be without a job. It just means, from my perspective, that jobs are changing. You are not just doing a lowly coding level task that actually indeed could be replaced, but you are going to have more of builder type of mindset, a product manager type of mindset going forward. We also expect that the distribution of jobs, depending on the type of business, will be quite different.   Nuno Goncalves Pedro The Broken Contract? Maybe let’s reset a little bit to the broken contract, or if it’s really a broken contract. There’s been this image in technology and tech that basically you get paid very little to work in tech. You get a bunch of stock options. The earlier you are in the company, the higher the level of stock option grants you get. Then you make a ton of money at some point because the company will either sell or IPO, and that’s heard of it. Obviously, there’s a lot of movements happening right now that are changing how these dynamics work. The first part is obviously AI, and in some ways, AI is shrinking companies. It’s not unheard of that companies with as little as four or five people reach 50 million in ARR. There’s companies with one person that have gotten bought for hundreds of millions of dollars or billion of dollars. Obviously, things are moving very, very fast, and therefore, there isn’t a large employee cap table. How would you share the upside? Would you actually give a couple of percentage points to an early employee rather than your 0.2-0.5% kind of thing for early employees? The second part is a little bit the other side of the table, which is the IPO market is seemingly in a drought. There’s not much happening in IPOs. Maybe 2026, at some point, there will be an unlock, but right now, it’s seemingly difficult to get your upside. Even if you’re an employee, you have to wait a long time. The median time of IPO has climbed over 10, 11 years, the longest in over a decade. Basically, not only you have to wait a long time as if there is an IPO drought, like we might be going through right now, when do I actually get my cash back? Unless the company gets bought, maybe there are secondary transactions along the way, maybe there’s something else. But obviously there’s a little bit of a reduction and lowering of the upside seemingly for this contract and for this place. The easy conclusion that I think many are taking is, because of all of this and all the layoffs that are happening, even in big tech, that serve the tech middle class is dying, that basically AI screwing the workers, et cetera, there’s also a lot of discussion that even it might be affecting the entry-level jobs as well. Everyone coming out of undergrad right now can’t get a job, et cetera. There’s this doomsday scenario that you’re alluding to that everything is changing. We have a slightly different perspective. We think there’s a realignment of market. In layoffs, there was a lot of layoffs that were warranted. Big tech, in particular, had actually hoarded a lot of engineering capacity over the last decade or so. There’s a little bit of a realignment that needed to happen in any case. When everyone’s saying, “Well, AI is compressing everything,” well, it’s compressing right now, but we don’t think actually it’s going to compress over time. You’ll still need engineering and science talent to come on board for you to be able to scale up. It’s not like AI is going to take care of everything and teams are going to be five people for companies that are worth a trillion dollars. That’s not happening. Today’s thesis, I think a little bit of this doomsday scenario needs to be seen with a more nuanced lens. I think that’s how we’re framing today’s episode, that there’s a bit of a nuance, there are some extremes happening. We’re going to talk about those extremes, but ultimately, it’s not quite as simple as saying that the tech middle class is disappearing in early jobs are going to be a thing of the past.   Bertrand Schmitt At the same time, what you started with is true. I mean, that 50 million ARR company, just five people. At a bigger scale, that’s exactly the matrix for Anthropic. They have reached a stage where they are at a range of 12 million ARR per staff per employee. It’s metrics that are definitely never seen before. I don’t think any company raised to this level. Best in class, best run companies, one, two million per employees. I mean, that was your target if you can make it. We are definitely in a different game. But I think what matters at the end of the day, and that’s what we’re arguing, is that you have to see the big pictures. Yes, some positions might disappear inside some companies, but some other positions will be created in other companies. Usually, what people do is keep talking about the jobs who disappear and not looking at the bigger picture of jobs that are being created as well. What is true, and I think you alluded to that, is that the big tech the past 10, 15 years had some strategy of hoarding talent in a war where having the best talented people will make the difference in numbers, will make the difference between winning or losing. The Google of the world, the Microsoft of the world, the Amazon of the world, they were hoarding talent. They would try to make sure that they might not have such needs in talented number of people. But if they have the talent, it means their competitors didn’t have the talent. It means that the startup trying to reach scale couldn’t pay the giant salaries that the Google of the world were paying. There was definitely some hoarding. But it went so far in the 2020, 2021, that I think since then there has been a coming back to normal. There is also now in 2026, the recognition that it’s not true anymore. Yes, talent can be very valuable, but there is now a bigger and bigger gap between the extremely talented versus the rest that are merely talented because of AI. AI is able to replace at scale your software engineers, your software managers. I would say it’s quite new. I don’t think it was true a year ago. We’re really talking about a recent dramatic change in what can be achieved thanks to AI. We can see most of the big AI companies are moving to coding. It was started by Anthropic as a trend, OpenAI has followed through. Obviously, the Cursor of the world existed before, but they were not as successful. All the Chinese open-source models are moving very fast to coding optimization the past few weeks. It’s quite an incredible change. I think there is that dramatic change, recognition that coding can be done differently. As a result, we are going to see change in the distribution of jobs. I think it will start from the top because we see the news of the big Google, Microsoft, Amazon, and others who used to hold talented software developers to a change in realization that no, we actually need to invest in AI. We need to invest in compute because compute is going to do the job of most of these people. Therefore, we can’t pay for both at the same time, even us with all our money, we cannot. Wall Street is not going to let us do that. They start by removing a lot of position. I think we see that accelerating, quite frankly. We have only seen the beginning, but in the next 2 years, we see a dramatic shift. But I think my position, I guess yours, and you know as well, is that there will be a lot more opportunities created as well, probably by also entities.   Nuno Goncalves Pedro The Great Unbundling Yeah, there will be more opportunities created. The hoarding is just taken also a little bit of a different view. To your point, there’s hoarding of resources, compute, et cetera. But there’s also hoarding of top talent. We are seeing people getting paid, packages all in that could run up to 100 million, in some cases even over 100 million over several years. This is unheard of. I mean, an officer of Meta would make, I don’t know, maybe 20, 25 million a year. It’s like now there are people that are on the top end of AI researchers that are getting paid around that amount just to join some of these companies. There’s a little bit of a different hoarding. It’s very selective hoarding of certain talent. We’ve seen some acqui-hires. We’ve talked about it in previous episodes that are just literally about getting one or two people specifically to come on board. Alexander Wang, again, going to Meta to lead their intelligence labs there. I feel, I don’t know what you feel, but I feel this is a transition moment where there is overpaying for certain talent on the top of the market. At some point, this will stabilize. You can’t keep paying people 100 million over 4 years or something like that across the board. To your point, a lot of this is actually going to scale up quickly also on the AI side. There’s a little bit of a different hoarding happening on the top end, not just the resources, but also of people, which seems to give further this notion of barbell, that there’s two extremes, the haves and have-nots, the super-duper talented people that get paid a ton of money, tens of millions of dollars a year at the very least. Then the emptying of the middle where there’s a ton of tech layoffs going on in some ways, the belly, as they would call it, is being expelled. The middle market, the managers are being fired because there’s nothing to manage. There’s a lot of positions going away. In some cases, you might keep some of the more junior talent, but with a little bit of experience. But even the talent coming out of colleges is not getting hired either. It’s a little bit of a weird thing where there’s hoarding at the top, there’s an emptying of the belly, the middle, and then the early, early, early is also not getting recruited. It’s like what gives? How is this going to look in the future? I agree fully with you, Bertrand, that there’s a migration of this talent, not only to other companies, but also to other jobs. There will be new jobs that will emerge out of this. The DevOps, dev tools market didn’t exist until maybe 20 years ago at scale, and it got created. In some ways, we’re seeing there will be new markets, there will be new roles and new jobs that will be created around engineering teams going forward. We can’t anticipate all of them. But basically, the emptying of the belly is true as it’s happening right now. The low hiring on the early and the top end, getting tons of money. We think this is a transition to something else. There’s the hoarding of engineering in general is coming to an end at momentum. Now it’s time to rightsize teams, to get the right at the table, et cetera, and start figuring out what works and what doesn’t work. We’ve already had some horror stories coming out even from Amazon where they were breaking systems with their use of AI tools, and I’m sure it’s happening across the board. I’m on a board of a company and been tremendously affected by Meta and its algorithms, where basically because of advertising, there have been people served with ads for this specific company where the ad doesn’t match the company, so basic stuff like that. It’s been actually very, very difficult because in some ways, the company goes back to Meta. It’s like, “Hey, dudes, you guys are serving ads that are not even our ads with our copyright and stuff. How does this work?” They’re like, “Oh, it’s AI.” It’s like, “Well, it’s AI but can you give me my money back?” They’re like, “No, we won’t give you money back.” This creates huge issues for companies, for example, that are very dependent on advertising, which obviously there’s a lot of industries that are. They’re actually in production systems at scale. Meta is, I think now, the largest digital advertising in the world. I think they outgrew Google in one of the last quarters. Basically, this has a tremendous effect that systems that are in production at scale are getting inputs and changes driven by AI tooling, and somehow nobody can say what the hell is happening. Again, there will be a reckoning, there will be a redistribution, there will be a rightsizing of teams and an adequacy of teams going forward. I personally think this is a transition period.   Bertrand Schmitt I think we are moving from hoarding or software engineering to hoarding the top of the top scientists in AI and hoarding of GPUs, GPUs/data center. For me, it was quite interesting to see the deal of Cursor with xAI, where basically they couldn’t get access to computing resources to run their model. But xAI had, I forgot the exact numbers, but close to half a million GPUs that no one, I mean, “no one was using” because their services are not so successful yet in terms of AI chatbot and the like. Basically, suddenly they are like, “You know what? We control access to resource.” But the new resource is, again, a mix of extremely talented AI engineering or AI scientists versus GPUs/data center. There is this race of controlling boss and everything else is going to be collateral damage. Some examples, I think, are quite interesting. You talk about some example of Amazon, even some production issues. I remember reading a quick post-mortem of one of the issues, and the conclusion was it was AI, definitely part of the issue. But the other part of the issue was AI used by junior engineers. For me, it’s interesting. It shows that actually junior plus AI is actually a danger zone. That’s why many companies are going to be way more careful. “Why do we need the junior people if they are just playing with fire?” I think we go back to that situation of barbell, as you call it. The top talents are extremely valuable because they know how a production system works. They are here to develop better AI systems. But the junior guys playing with fires, yeah, maybe it’s cute in startups, but in a big time production environment, a different story.   Nuno Goncalves Pedro There will be a barbell with top-end talent super-mega paid and then mid-level talent that is individual contributors still doing a lot of great work, et cetera. Along the way, a lot of emptying of entry, a lot of emptying of the middle. Where does the talent go? The Three (?) Destinations I think we could say there’s three destinations for this talent. Maybe there’s four, maybe there’s more. Three that we can immediately identify. One is the AI native startup piece, where we have smaller teams that potentially get to a lot of revenue or top line over time, and where the Series Seed is the primary round, where we’re seeing Series Seed being raised of tens of millions of dollars, actually even hundreds of millions of dollars in Series Seed. In some ways, the stars there can get incredible compensations in terms of stock. They will stay for private and selling in secondaries later down the road because there’s so much capital at the table. Actually, in some ways, salaries are very high as well in some of these companies. It’s not like you’re trading off anything. You can get paid a lot of money. If your company at Series Seed for 10 or 15 employees has raised 50-$100 million, you can pay great salaries. In some ways, this is the extreme destination. The AI native startups that can make it is the extreme destination. Now, there aren’t a ton of AI native startups that can raise 50-100 million to 400 million in Series Seed, just to be clear. There’s a handful of hot deals in that space, but that’s one clear destination for top-end talent going through that. In that market, I think that’s one of the destinations. The second one is more what we would call the human-verified premium. It’s more of a play of companies that has still the need of human in the loop, either in terms of development, also in terms of activity, either because go-to markets are very intensive, and so therefore you need to have sales forces, partnership teams, et cetera. Or on the engineering side, it needs to have a lot of customization, integration. Companies are not just going to the, “Oh, you can come in and just apply your AI tooling and somehow magically the systems all work.” there needs to be quite a lot of and work and high touch work in getting stuff done. A significant part of that market, I’m not sure, is super VC investible. Maybe it’s a hybrid of private equity in VC, more PE style in many cases. It’s a PE-hold, sell to someone else market. As we’ve discussed in a previous episode on the SaaS-apocalypse, that hasn’t quite worked out for PEs. Question marks on how that human-verified premium market is going to evolve. But obviously, there’s a lot of work still to be done there, even on the engineering and science side. That’s the second potential destination. Then the third more aggressive destination is the reindustrialized middle companies that have a lot of specificity in going after small and medium businesses, local or regional affectations like ERPs or CRMs for specific markets, et cetera. Those are the three natural destinations. I would add the fourth, which is big tech. I mean, big tech doesn’t magically disappear, and I don’t think it fits neatly into any of these three markets. In some ways, big tech is now looking at the extreme for top talent a little bit like the AI native startup because they can pay. They can pay the 100 million every four years, et cetera. I do think it will typify taxonomically into a fourth type emerging, where, as we discussed, you’ll have top-end individual contributor talent. You’ll have the absolute top-end of the market because they can get paid. Then you’ll start having the emergence of earlier talent that is highly capable, et cetera. That will go back to a bit of a normal distribution in terms of talent on big tech. For me, those are the four destinations that I would put at the table.   Bertrand Schmitt For me, big tech moving to big tech, I’m not sure if it’s really a destination. I mean, yes, in some ways it’s a reshuffle between the big tech companies. They are definitely all fighting in some ways for some of the same people. I can see that dramatic shift where big tech has to remove a lot of positions in order to replace by AI. Again, I think at this stage, it’s mostly driven by AI coding. We are still at the beginning because this is brand-new phenomenon that AI coding is so successful at its task. I don’t think it was true even 6 months ago. Some companies, take Anthropic, take OpenAI, are definitely there or close to be there in terms of no more writing of a single line of code by a human, zero. This is, again, 6, 12 months ago. Not true. But now it’s true in a few top companies. Take OpenClaw as well, most successful GitHub project of all time, not a single line written by its author. It would have been impossible. We’re talking about hundreds of thousands of line of code in a few months. It’s impossible to achieve that manually. If you look at the other big tech companies, the Google of the world, the Meta of the world, the Microsoft of the world, they are absolutely not there yet. They are going to be there because they have no choice. It’s you either go fast there or you die. You are not going to be able to survive competitors that are shipping 10, 50, 100 times faster than you are shipping. It’s a life and death situation. All the big tech companies are going to move, and mark my word, in the next 2 years from 10, 20% of AI-written code to 100%. During that transition, the next 2 years max, if you don’t do it in 2 years, you are going to die. Your stock price is going to crash. Then, of course, you will have to make changes. You will have to invest more in GPUs. You will have to invest less in your standard typical software engineer employees. Like you, I’m very optimistic that there are new buckets. AI-native startups definitely will be there. It will be transformational. Human-verified premium, very interesting category. In a way, it will be businesses that are inevitably less scalable through AI, and there is definitely a spot from there. I think the biggest would be the reindustrialized middle SMBs. Most of S&P 500 type of business are going to dramatically offer new software opportunities, new opportunity story to talented software employees because they will need to implement AI in everything they do. They will do it. They will need people who have software engineering knowledge in order to implement these systems. For them, what’s changing dramatically really is that thanks to much cheaper cost as thanks to AI coding, a lot of software projects that they couldn’t afford to do, that they couldn’t imagine doing by themselves, they are able to do it. They will invest in a lot more software capabilities than ever before. That will be a big game changer. And software, very tuned to their business model. There might be less buying of your traditional off-the-shelf SAF software and a lot more investment in a highly custom software by their own team, assisted with AI. I think that would be the part that is most transformed by all of this in a positive way.   Nuno Goncalves Pedro Alternative Cap Tables, Alternative Compensation Models This will lead to a very fundamental shift, right back to the broken contract. What does the new contract look like? It looks like alternative cap tables depending on which bucket are you transitioning into. If you’re going into your AI-native bucket, and you’re a top-end talent, you’re like, “Dude, I’m worth 100 million over 4 years, so just compensate me accordingly with a mix of options in the company plus my salary.” If you’re top 1%, you can probably get away with salaries that you’d get anyway at mid-level from 300K, 400K and above, and you can get actually a lot of options already in the company. A lot of this is happening right now. There’s a premium for AI, we know that. There’s a premium for AI at the top end of AI researching, in particular on companies that are doing hardcore research on staff AI engineers, so companies that require actual AI engineering. There is a premium that is significant. It could be as high as 18% over non-AI peers, and it widens actually with seniority, shockingly enough. This is more of an average than anything else. Now, for me, and it’s for debate, but the perspective is this extreme comp will need to compress at some point. There will still be the haves and have-nots paid much better than the have-nots, so to speak, but there will be a compression. The variance can’t be the variance we’re seeing today for absolute top-end talent. That said, there will be variants. We know that big tech for over a decade, decade and a half, for example, in the Bay Area, has been paying a lot of money for director and above levels that used to be the VPs, so a million, a million and a half a year, all in compensations. It’s not unheard of that this will actually increase after this stage. That said, I do think that the compensation extreme that we’re in will get diluted down the middle. It will actually come down at some point. It’s part of where we are today. As we know, it is still a bubble.   Bertrand Schmitt Yeah, it’s an interesting point. I think it’s possible. At the same time, that compression coming 2, 3, 5 years. At the same time, we have examples where there is no such compression. Take the top sports players in the world, golfing, basketball, NBA players. There has not really been any compression at all. For me, it’s interesting. If you look at the big tech companies, each being one of this top NBA team, why would such compression happen? As long as they are competing against each other and generating plenty of cash, I think there will be some fair question. We will see. I don’t have a strong opinion, but for me, it’s not a total given.   Nuno Goncalves Pedro For me, the shocking thing is the faster AI becomes better, the more that compression will happen, because at some point, it’s like, why do you need the top talent as well? I don’t know. It feels like you’re trying to evolve a system that’s there to replace you. It’s like, “Okay, I’m getting paid 100 million over the next 4 years”, and then you develop something that’s so good that replaces you. Thank you. That’s cool.   Bertrand Schmitt That’s a total possibility, yes, because we are in that very unusual market where the game is to only replace yourself and people like yourself. At some point, it is a possibility, I guess this one. Right now, we’re talking about replacing your “average software talent”. In 2 years, could we absolutely replace the absolute best top experts in the world? Probably. I think it’s just that at some point we’ll be reaching the stage where we strictly have no control anymore on our AI systems because no human is able to challenge and understand what’s produced. It’s not just a question of scale anymore. We’re talking about a gap in IQ, basically.   Nuno Goncalves Pedro Exactly. It will happen at some point in history. We don’t know exactly when. For the second bucket, the human-verified premium bucket, it’s difficult to see how an HVAC company or an HVAC roll-up of scale or a regional health care platform or high touch go-to-market, B2B, SaaS play, et cetera, for a vertical will compete. At the same end, they have to compete and they will compete. There will be more and more jobs, we believe, for engineering talent in these companies. They’ll have to be more and more AI-enabled themselves. The cash salaries will have to be competitive within the local markets, not necessarily with Silicon Valley. There will be potentially profit sharing and revenue sharing and actual dividends played at the table. The model there on the cap table needs to change a little bit, needs to be probably propped up more on salary and on some way of doing profit sharing or actually having dividends paid to employees and figuring out employee to equity in a more aggressive manner. This is the market that probably was already very attacked, so to speak, or let’s say, occupied by private equity firms. There are still obviously part of that model that would work well. There needs to be a fundamental shift, certainly on the quantum of salary compensation, dividend compensation, profit sharing, and all of that. Then last but not the least, obviously, we had the bucket around basically the reindustrialization of the middle, so everything else, which will take most of the belly that we were talking about. This is probably a poor analogy, the belly fat. It’s not belly fat, it’s people that were doing their jobs that now are getting disrupted. In some ways, that bucket will absorb a lot of that belly, will absorb a lot of talent. The small and medium businesses that Bertrand was saying will need to crucially become more AI, software-enabled by themselves, even with some core stuff and underpinnings that actually might not even require AI in terms of infrastructure platforms. There, you need to get properly paid. Again, how many people do you need in your engineering team if you’re a small business? Probably not a lot. It’s maybe you need one or two people and that’s it. They’ll need to be very nicely paid because they’re running the stuff in the rails. This is probably a market that over time, as AI gets more and more competent, will also be disrupted, but let’s not talk about the disruption to the disruption because otherwise, we’ll stay here the whole day, but certainly a market that has a lot of potential to shift and to absorb a lot of the moments that we’re seeing in terms of layoffs happening in the US in particular.   Bertrand Schmitt This category was a category that historically could not compete with Silicon Valley salaries, could not attract the most talented engineers. It’s not a category that didn’t want to bring these people on board. It’s a category that just couldn’t afford to bring this talent on board, typically. I think it would be a dramatic shift for them when suddenly there are opportunities to hire these people. There is an opportunity to hire them at maybe more reasonable prices from this company’s perspective. You talk about small companies, the great thing is that there are millions of small companies at some point. I think things could be truly transformational. Of course, some of these engineers, software engineers, might decide to become entrepreneurs on their own. Solo entrepreneurs, small businesses, build their own, easier to build their own product to market so to serve other companies. I think there will be quite dramatic changes because not all companies will be disrupted by AI as much, but not every company will benefit from improving processes, improving software through AI. At least early on, you will need this human touch to make it work inside a business. Interestingly enough, I was hearing that some companies like IBM were hiring more younger people to do the work of going to the client, understand their needs, propose implementation plans. That forward deployed engineer, those positions, I think there will be more and more available.   Nuno Goncalves Pedro Investor Landscape Fragmentation What happens to investor into the landscape? We already had an episode, the previous one, Episode 76, where we talked quite a lot about the big capital reset on the private equity and private reset, including venture capital. Just maybe to summarize, how does it align with the buckets that we’ve just been discussing? I think the AI-native bucket clearly is going to be the key bucket. There, we’re going to see two movements. One movement, which is the mega funds, as we discussed in the last episode, are no longer just VC funds. They’re really mostly multi-asset private equity funds, maybe even private equity hedge funds in some cases. Those funds will be all over the high-growth AI-native companies and will be pouring money into companies that are scaling really, really quickly. The early stage, so to speak, VCs, the actual VCs that will stay in the market will be the guys probably identifying the next big wave of AI-native companies. We’ve discussed that as well in the last episode, some research that we did at Chamaeleon that I shared in episode 76. We’ll see that as emerging. What happens to the second bucket, the bucket around human premium, human in the loop? Likely we’ll have more and more private equity capital going into it and the large-scale VC guys, the Thrives of the world, they’ve just announced Thrive Holdings, and others going after those markets as well. It’s trying to converge into the private equity market, which aligns with the point we made in the previous episode that the VC mega funds are no longer VC, that they are private equity, multi-asset class. They’re going after a bunch of things. There’s a conversion happening from VC into private equity. It was going to happen anyway because the private equity guys were coming into VC as well and the hedge funds were coming to VC as well. There’s a convergence in the middle of very, very large funds and large assets under management happening to go after some of these opportunities, certainly in Bucket B. Then this Bucket C, so to speak, the bucket of reindustrialization, as Bertrand was saying, very well, likely will be self-funded for a significant period of time. Will self-fund with their own cash flow. Doesn’t need to have a ton of capital intensity. Maybe you need one or two engineers to do stuff, but that’s it. You don’t need tons of capital. You didn’t need in the past, you won’t need it today. Not sure there’s going to be a fundamental shift to that market.   Bertrand Schmitt Yes, I certainly, overall, agree with you. That last pocket, probably little change to the capital and capital structure. Again, I see that as the biggest opportunity for a lot of people who might be less needed by big tech and also top tech companies. What is sure for the first category, the high native startups? I would say more overall in the VC ecosystem, there is no space left for SaaS anymore. I think SaaS, as we used to know it, is dead in some ways in the sense that new pure SaaS software startup are definitely out. Existing ones that are critical to run your infrastructure, the Salesforce of the world, I think they’re in a decent spot. Actually, interestingly, they changed their pricing model to now sell to AI agents, not just per seat. There is a change in pricing there. But this day and age of funding a pure SaaS software startup through VC money, no way. VC money going to AI-native startups, AI-focused startups, to biotech, to deep tech, to defense tech, yes. SaaS as a fundable category early on, I think it’s over.   Nuno Goncalves Pedro I’m a bit more nuanced as we shared in The SaaS Apocalypse episode. We can call it whatever we call. It’s applied AI is the new SaaS thing. Horizontal applied AI is the new horizontal SaaS or vertical applied AI is the new vertical SaaS. I agree in common with your point that very specific point solutions around SaaS will be disrupted by nature with all the easy stuff you can do today with AI. It will take a while. This is not something that’s going to happen this year. It’s going to happen over the next years. Maybe interesting to also talk about the exit markets. I think the IPO market, as we’ve also discussed in the past, there is, in my view, going to be a reopening of the IPO market, I think this year, probably later in the year, third or fourth quarter. The median time to IPO actually is going to be really weird because there’s going to be potentially some companies in the current landscape, bubble or no bubble, that are going to IPO, the OpenAIs of the world, Anthropics of the world, et cetera. There will be more and more aggression, I think, on M&A. Big tech has already shown it, that they want to buy into markets. Large non-tech companies have also started doing acquisitions in space. To prop up their IT teams, their engineering teams with this world that we’ve also discussed in previous episodes that I’m going to own my own engineering stack for now. As we see, that normally doesn’t withstand the test of time. At some point it will get unbundled and served by someone else. Then finally, the secondary market is very hot right now. Obviously, there’s heavy discounting on some areas, high premiums on others. The exit market, strangely enough, is going to be propped up, in my opinion, over the next year to 2 years, dramatically. Then we’ll see if there’s a big reckoning around the bubble that we are clearly in or not, if it’s a soft landing or hard landing. Definitely, there’s going to be a lot of exit paths over the next year to 2 years.   Bertrand Schmitt Concerning the “bubble”, I have two perspectives on this. One is it’s a bubble in the sense that money is going to a lot of players and some players are going to blow it up. There will be a concentration of players at the end, like it usually happens. If you look at, for instance, long time ago, the railway revolution, there was that intense influx of capital. At the end of the day, there was a dramatic change in transportation in the US and a complete railway system put in place. Yes, some investors lost money, some companies went bankrupt, but the transformation was fully real. There were a lot of top leaders at the end of this revolution. The change after that only happened, we guess, post-World War II, with the construction of the highway system and the rise of airlines and plane transportation overall. Here I feel it’s similar in the sense that, yes, there is a lot of money going in. Some players are going to blow it. They will misuse the money in different ways, but that’s part of dynamic allocation of capital. Of course, you make mistakes. That’s what happens. At the same time, I feel it’s a similar level in the sense of this is a dramatic change in the US infrastructure. This buildup of AI data centers filled with GPUs, integrated at scale with some of the best software in the world and running it, supported by a dramatic shift in energy infrastructure. This is for me similar to the Railroad Revolution. Some players might not own the data center they build because they didn’t manage well their debt, they didn’t manage to run proper software. You know what? They will get acquired by somebody else. I think we are at this level of fundamental transformation. The fact that in a matter of maybe 2 years, the move from 0% of code written by AI to 100 % written by AI is an insane dramatic shift. Just to be clear, when you move from manually coded to AI coded, we’re talking about a 100X difference in terms of speed at similar, if not better level of quality. The shift is dramatic, and on top of it, you don’t pay salaries anymore to achieve that. You pay CapEx, and with GPUs and OpEx with electricity. It’s a very big shift, positive shift in business model. New unions, no management over it, AI working 24/7. Personally, I think for me, bubble has a bad connotation in the sense of it was all for a waste. I don’t think it’s all for a waste. I think we are witnessing a dramatic revolution of our lifetimes, quite frankly, bigger than SaaS, bigger than mobile. From my perspective, it’s exciting times.   Nuno Goncalves Pedro Operator Playbook and Predictions Let’s move to if you are this person, what would you do in the future? Let’s start with two extremes and go from there. One is you’re non-tech, so you’re not an engineer, et cetera. You’re trying to figure out, how do I scale my activity? Maybe physical labor is where I want to go. It’s not, “Go west” anymore. Definitely not necessarily go west. You should go to, I guess, the states that have no sales tax with very cheap energy because that’s where the data centers are being built if you want to be in that market. Obviously, there’s a lot of stuff that needs to be done: HVAC, electricity work, et cetera. Don’t go west. Go low sales taxes, low cost of energy. That’s likely where the data centers are being built. You probably can just follow. There’s, I’m sure, some way for you to follow where the data centers are being built, but that’s next, I think on that extreme of the table. The other extreme of the table, let’s say you are super ambitious, maybe you’re no longer an engineer, but you’re a product manager in your prompt engineering. You could do prompt engineering all day long. You’re 28, 29-year-old superstar. What do you go and do? Likely either you start your own thing, start your own company because you’re so good at prompt engineering, you probably can do a lot of the code yourself, particularly if you have an engineering background, or you go and join very early an AI-native startup that you think has the chance of going through the roof, and you take a pretty good salary early on, a ton of upside on the company because guess what? Companies like that need product managers. They need people to figure out UX, UI. It’s not going to be, at least for now, yet AI figuring that out for you. Those are two extremes, just to give two of the extremes, like engineering, product management persona, and physical labor at the other extreme, non-tech, et cetera.   Bertrand Schmitt In some ways, every software engineering job is going to become the equivalent of a software engineering manager or a product manager, because suddenly you don’t have to do the coding anymore. You’re managing AI that is coding for you. Either you start to have some manager hat, but we saw the humans, so it’s a very different type of manager, obviously, or you are going to be really an empowered product manager. You’re skipping the middleman. You’re skipping the traditional engineering organization because your engineering organization is AI running and doing the work for you. I still believe that it requires some serious skills. I don’t believe in the vibe coder type of value proposition. I don’t believe in the prompt engineer becoming suddenly super incredible, able to manage that. I still think it requires some serious chops to do the best from all of this and to do it in a safe and sane way. It’s very easy to have poor taste, make mistakes. I don’t know you, but keep reading these stories on the heads of companies who lost everything because of the AI agents. That deleted stuff in production, and they had no backups or the backups weren’t deleted as well. Crazy situation. You cannot run companies like this if you let your agents running wild. You could argue it’s the early days. I would argue it that that issues would be there for a while. You need to have some engineering discipline at core in the company running the business to make sure things don’t go sideways because it would be easy for things to go sideways.   Nuno Goncalves Pedro I totally agree. If you’re thinking, Oh, should my kid go into science and engineering and computer science, et cetera? Absolutely, still, because of everything that Bertrand just said. You need to understand actually what code does and what technology does and what all of that does. That’s still a skill of the future. It’s not a skill of the past. In some ways, it’s still a skill of the future very much. Maybe let’s try two more extremes. Around the same level, the person that decided to do an AI native company bootstrapped initially, having difficulty raising a mega round, but could probably get away with raising a 2-3 million seed round, et cetera. Is that still viable? The answer is yes. There’s tremendous capital efficiency right now happening in the market still, 10 plus higher than if you were doing a SaaS company, and you were a founder in 2019 or something like that. That capital efficiency is going to reverberate. You can run a tighter team, smaller team. Actually, you don’t need that many salaries. If you’re a decent engineer as a founder or if you understand enough as a product manager to just generate that code, you can do a lot of stuff yourself, can bring in maybe one or two technical elements to the team early on as you would have done if you were bootstrapped anyway. There’s obviously a path for that. The other extreme is you’re in big tech, you’re level five, individual contributor, making a ton of money, or you were a manager, and you’re now out of a job, where do you go? You can go to a big company that is non-tech, S&P 500 company that’s non-tech, something like that. You join the company, you’ll probably get paid pretty well, maybe not as high as you were paid in big tech. There’s some stock at the table, but guess what? You’ll have probably more work-life balance than you ever did. That’s the trade-off. You’ll have a better job. On the upside, you can transform the company. You can help and be part of transforming a company from non-AI to AI-first or AI-enabled in the future, whatever BS that will look like in terms of the argumentation to the board. You can actually create tremendous productivity enhancements in a big non-tech company if you come with that background. Again, you’ll have certainly a better work-life balance, so not a bad deal, to be honest.   Bertrand Schmitt Also, to be clear, I talk a lot about AI coding because it’s truly transformational. You could argue that it’s going to be self-improving. We are in the situation of a self-improving AI that keeps improving itself thanks to automated coding. It’s a dramatic, virtuous loop. Obviously, AI is also going to improve everything else. It’s going to improve your marketing, it’s going to improve your search process, it’s going to improve your DNA. Improvements will be everywhere. It’s just that right now we are at a point in the quote-unquote revolution where there is one clear piece of the puzzle that is moving faster than the rest.   Nuno Goncalves Pedro Bertrand, the senior executives at non-tech don’t know anything about that. It could be just a great prompt engineer. That’s the only job you do. “I’m the chief marketing officer. I have someone below me that’s doing the whole work.” Nobody knows. Nobody’s the wiser, I guess. I’m being facetious, but not fully.   Bertrand Schmitt Yeah. There would be a transition period where what you described happen. I want to say, going back to AI coding, I think that the part of AI that as of today has reached a stage of limited AGI. We have reached, from my perspective, a limited type of AGI for coding. If you take coding as a discipline today, I think we reach AGI. If you go beyond coding, that’s true. If we are talking about coding, leveraging the latest LLMs: OPUS 4.7, ChatGPT 5.5, combined with Claude Code, Codex, and OpenCode for harness, I think we’ve reached AGI in the context of coding. I’m not sure everyone fully realize that and the consequence of that. I think the rest is going to come as well. We are going to see that category by category, usually categories that are more scientific in nature, where you can replicate, where you can test easily, where you can create clear success. Metrics will be the “easiest” to follow in that direction of self-improvement. I just want to highlight that this part is truly transformational, the root cause of everything we’re talking about today. At the same time, it’s coming beyond coding.   Nuno Goncalves Pedro I think it is true. There are a couple of markets where that might not hold true, which is maybe the final path. If you’re thinking of starting your own business in plumbing and in HVAC maintenance and installation, this is a pretty good time for the reasons we already said before. There’s a lot of buildup of data centers and all that stuff, but also for other reasons, because it’s an activity that won’t be disrupted by AI yet. You need them embodied AI. You need physicality to AI to do stuff like actually fixing pipes.   Bertrand Schmitt Until Optimus replace you.   Nuno Goncalves Pedro Yeah, but if we’re 3, 4 years out in terms of a lot of these optimizations that we’re talking about at the software layer, we’re 10 years plus out on embodied AI, right?   Bertrand Schmitt Oh, yeah, it’s 10 years.   Nuno Goncalves Pedro We’ll probably be optimistic as we speak. That’s a nice business. I’m thinking of starting to go into that market. If you guys are interested in listening to this, just reach out to me. What’s the angle? I think there’s a lot of stuff you can do in the buildup of some of these businesses, plumbing, HVAC, all sorts of maintenance. There are markets that are just totally messed up. Handyman market in the US is totally messed up. There’s a bunch of companies out there that try to go after it with marketplaces and stuff. I honestly just start something from scratch, a small business, and go from there.   Bertrand Schmitt Yes. They’re an interesting middle. Think about accounting firms, consulting firms. I think they are not as easy to replace, but at the same time, there is no way on what they do is not going to be dramatically changed with AI. I don’t know if it’s 50, 80, 90% of the job, but this is changing quite dramatically, would be my expectation in the coming few years. Conclusion Thanks for listening episode 77 of Tech Deciphered about that great talent redistribution. As you heard it from us, we believe there is a dramatic change in play, enabled by AI coding, and that ultimately a lot of the big tech companies are changing their employee distribution, way more focused on the top talents and bringing more GPUs. As a result, we will see a change in their staffing. Some of this change will benefit AI-focused startups, but probably more likely will benefit the bigger SMBs, the S&P 500 companies of the world that will finally be able to bring inside and afford some of the talent that were in some ways trapped by the top 5, 10, 20 software companies of the world. Thank you, Nuno.   Nuno Goncalves Pedro Thank you, Bertrand

Bobby Ocampo, Managing Partner at Blueprint Equity, shares how his firm approaches early growth-stage investing within private equity. He explains Blueprint's focus on capital-efficient, founder-led vertical software businesses and how they build scalable go-to-market engines post-investment. The conversation also explores how AI, rising competition, and shifting market dynamics are reshaping underwriting and value creation. A practical look at where private equity is heading—and how to win in it. Episode Highlights: 2:05 - From physics major to private equity via investment banking and venture capital 7:20 - Why Blueprint Equity was built to avoid "asset gathering" and mediocre returns 14:10 - Breaking down growth equity vs. venture capital and traditional private equity 16:05 - Key investment criteria: capital efficiency, retention, and vertical focus 26:10 - Turning "successful in spite of themselves" companies into scalable platforms 30:45 - How AI is reshaping underwriting, product strategy, and competitive dynamics 38:45 - Career advice: spotting opportunity early and jumping on asymmetric upside For more on Blueprint Equity, visit:  https://www.onblueprint.com/ For more information on Bobby Ocampo, go to https://www.linkedin.com/in/bocampo

Did you know? 96% of business owners are open to switching advisors right before, during, or after the sale of their business. That's a staggering stat from a recent study discussed on the Top Advisor Podcast with Scott Bushkie – highlighting both a threat and a huge opportunity for financial advisors. If you're working with business owners or want to attract more, here are three actionable takeaways from the episode: Start the Conversation Early: Don't wait for your clients approach you for a conversation about selling their business. Proactively discuss their exit plans and the value of their business before someone else does. Build a Trusted Team: Business owners expect their advisor to have a team of experts (including tax, M&A, and legal professionals) ready to help maximize their value and minimize taxes during this critical transition. Never Accept the First Offer: The study revealed that business owners almost always net a significantly higher sale price (sometimes 60–100% more) when they run a competitive sale process rather than accepting unsolicited offers. Case in Point: The Danger of Waiting Hear what happens when a trusted advisor “waits for the call” after a client sells – only to lose out on tens of millions in new assets because they weren't proactive. Or discover how partnering with experts and running a competitive sale process turned an initial $31M offer into a $51M payday for both the business owner and their advisor. Advisors: This is an immediate opportunity to be the hero your business owner clients need or risk losing them at the most pivotal moment of their financial lives. Episode Sponsor: Connect with Scott Bushkie – Cornerstone Business Services: Cornerstone Website Financial Advisor AUM Study FINISH STRONG:  Book & Workbook Scott's LinkedIn Profile Cornerstone YouTube Video Resources: RapidFire Referrals Get a copy of “The Language of Referrals” Get a copy of “Radical Relevance” Grab your copy of The Hidden Heist today! Connect With Bill Cates: BillCates@referralcoach.com Referral Coach Homepage Hire Bill for Coaching Enroll in The Cates Academy About Scott Bushkie Scott Bushkie is the Managing Partner and Founder of Cornerstone Business Services. With more than 25 years in mergers & acquisitions, Scott is a recognized leader in the lower middle market, helping business owners sell their companies, grow through acquisition, and understand the realistic value of their businesses in today's market. Over the years, Scott has successfully executed hundreds of transactions, domestically and internationally. He has the trust and respect of CPA and financial advisor alliances, investment banks, and other professional service firms within the M&A marketplace. A leading authority on lower middle market M&A, Scott's expertise is sought after by major media outlets including the New York Times, Chicago Tribune, Associated Press, CBS, and iHeart Media. The best-selling author of Finish Strong: Sell Your Business on Your Terms, he also guest authors content for numerous newspapers, magazines, and trade publications. As a keynote speaker, Scott engages diverse audiences from national organizations to regional trade groups and international delegations. He focuses on empowering business owners to maximize the single largest transaction of their life: the sale of their business. Additionally, he equips financial advisors with strategies to better serve these owners and, in turn, significantly grow their AUM. Scott is the founder and past chair of the Wisconsin chapter of Midwest Business Brokers & Intermediaries (MBBI), past chair of the International Business Broker Association (IBBA), past chair of the M&A Source, and the founding president of the Wisconsin chapter of EO. Scott has been named Fellow of IBBA, Fellow of M&A Source, and was a 2025 inductee into the IBBA Hall of Fame—in each instance the youngest person in the world to receive these prestigious lifetime designations, recognizing industry expertise and contributions to the profession. In 2018, Scott launched the Cornerstone International Alliance (CIA), providing member firms with enhanced buyer reach, access to industry experts, resources, and structured best practice sharing. In 2025, CIA had approximately 30 partner firms worldwide and facilitated the transition of $2 billion in enterprise value. Scott also partnered with a third-party research firm to produce the 2025 National Study on Selling Your Business. The first of its kind, the study provides groundbreaking research into business owner attitudes, trends, and expectations about selling their business. Scott holds designations as a Mergers & Acquisitions Master Intermediary (M&AMI), a Certified M&A Professional (CM&AP), and a Certified Business Intermediary (CBI). He is a registered representative of the broker dealer Ceiba Financial with the Series 62 & 63 securities licenses. Scott's diverse background includes entrepreneurial endeavors, management, finance, and marketing. He has operated small startups and worked with international corporations. He is a graduate of the University of Wisconsin – Whitewater. Scott and his wife Cassie live in Green Bay with their three children.

In this episode of the Millionaire Car Salesman Podcast, LA Williams sits down with respected automotive leader Milt Whitesides from SS Auto and Cycle Brokers for a conversation that goes far beyond selling cars. What actually separates average dealerships from elite-performing stores? Is it inventory, traffic, advertising, or is it something much deeper happening inside the culture, leadership, and daily habits of the dealership itself? "Average never creates extraordinary." – LA Williams With decades of experience leading high-performing dealerships, building winning teams, and transforming store operations, Milt shares powerful insight into the mindset, structure, and discipline required to create long-term dealership success. "Serve your team, serve your leaders, and serve your guests. That's what makes the big difference." – Milt Whitesides This episode explores why leadership matters more than ever in today's automotive industry, how process consistency impacts profitability, and why culture is often the hidden factor behind both dealership growth and dealership failure. Without giving away the full blueprint, LA and Milt touch on the power of accountability, communication, relationship-building, inventory strategy, and the shift from traditional dealership operations to a more modern, intentional approach. "Mindset creates everything. If you think you're a 40-car-a-day store, you're a 40-car-a-day store." – Milt Whitesides If you're a dealer principal, GM, manager, or automotive professional looking to elevate your dealership beyond average performance, this episode will challenge the way you think about leadership, culture, and operational excellence. Remember, the great dealerships are not built by accident. They are built by intention!   Key Takeaways: ✅ The transformation from average to elite dealership performance hinges on a disciplined approach to leadership, process execution, and fostering a positive culture. ✅ Building strong customer relationships should be prioritized over traditional, transactional approaches, integrating service-minded principles throughout the dealership. ✅ Setting and sticking to systematic daily habits, such as the 'morning five,' can substantially impact personal and professional growth within the automotive industry. ✅ Developing a comprehensive acquisition strategy that goes beyond relying on auctions is crucial for sustainable used-car inventory management. ✅ Fostering a service-oriented culture requires ongoing mentorship, relationship building, and aligning everyday activities with overarching dealership goals.   About Milt Whitesides Milt Whitesides, a seasoned veteran in the automotive industry with over 35 years of experience, has held pivotal roles such as General Sales Manager, General Manager, and Managing Partner. He is renowned for his expertise in dealership leadership, culture development, and volume enhancement. His innovative strategies have been recognized with numerous accolades, including awards from FCA Stellantis, Mitsubishi, and Subaru. Milt's leadership at Sanderson Ford has been instrumental in achieving a groundbreaking sale of 734 units, making him a leading authority on high-performance dealership operations.      Unlocking Success in Car Sales: The Importance of Leadership, Culture, and Execution   Key Takeaways Transformational leadership and culture are essential for high-performing car dealerships. Successful execution in car sales relies heavily on systems that save stress, time, energy, and money. Effective team building and relationship management directly impact dealership performance and culture.   Transformational Leadership: Driving Change in Car Dealerships In the rapidly evolving automotive industry, old-school tactics are being replaced by transformational leadership, emphasizing relationship building over intimidation and fear. "They just used to beat it into us, right? They just used fear and intimidation," reflects Milt Whitesides, shedding light on an outdated model no longer effective in today's market. Now, building relationships and demonstrating leadership by example are crucial. The shift highlights the need for leaders to engage directly and personally with their teams, showing team members that they're committed to the same goals and willing to "do any of the things that you're coaching, you're willing to do and show them how to do it." Such engagement fosters a culture where employees aren't just workers, but integral parts of a larger vision, contributing significantly to the dealership's overall success.   Systematic Execution: Creating a Blueprint for Success Systems in car sales aren't just about maintaining order; they're about creating consistent, scalable success. As LA Williams aptly states, "Systems save you stress, time, energy, and money." This philosophy highlights the necessity for dealerships to adopt robust processes that ensure every member of the team understands their role and the steps needed to achieve their goals. Incorporating structured training programs for both sales staff and managers ensures everyone is equipped with the skills and knowledge needed for their roles. Milt Whitesides emphasizes the importance of thorough, hands-on training, stating, "We're coaching, we're training, we're mentoring, we're motivating, we're inspiring." This comprehensive approach ensures that processes are not just guidelines, but actionable, effective strategies that elevate performance across the board. The execution of such systems inevitably leads to improved sales outcomes, as demonstrated by dealerships achieving extraordinary sales figures, like 734 units. This level of performance isn't accidental; it's the result of consistent application of systems and processes designed to optimize every facet of sales operations.   Relationship Building: Fostering a Culture of Excellence The success of a dealership heavily depends on the relationships forged within its walls. Whitesides elaborates on the transition from a transactional mindset to one focusing on relationships, not just with customers, but within teams as well. "For me, it's about relationships now," he states, indicating a paradigm shift necessary in modern dealerships. To bridge the gap between average and exceptional, Whitesides suggests serving the team members and customers becomes the priority. "You serve them," he advises, underscoring how an attitude of service permeates every interaction, creating a cohesive and motivated workforce. This approach yields a twofold benefit — it enhances customer experience and bolsters internal morale, aligning everyone's efforts towards achieving common goals. The implications of such relationship-focused efforts are manifold. Dealerships become welcoming environments where employees thrive, leading to higher customer satisfaction and, ultimately, increased profitability and market share. In the dynamic world of automotive sales, success hinges on effective leadership, rigorous execution of systems, and strong relationship management. By shifting towards transformational leadership, instilling systematic execution through training, and fostering a culture where relationships are prioritized, dealerships can achieve unprecedented success. Embracing these changes positions them to not only compete but excel in a market where customer expectations and competitive pressures are continually rising. Such strategic realignment and commitment to innovation can transform dealerships into industry leaders.      Resources + Our Proud Sponsors:   ➼ The Millionaire Car Salesman Facebook Group: Join the #1 Automotive Sales Mastermind Facebook Group with over 29,000 automotive professionals worldwide. The Millionaire Car Salesman Facebook Group is the go-to community for car salespeople, BDC agents, sales managers, general managers, and dealer principals looking to increase performance, income, and leadership skills. Inside the group, members collaborate daily on automotive sales strategies, lead handling, phone scripts, closing techniques, CRM best practices, dealership leadership, and accountability systems. Learn directly from top automotive trainers, industry mentors, and high-performing sales leaders who are actively winning in today's market. If you're serious about growing your automotive career, increasing car sales, and building long-term success, join The Millionaire Car Salesman Facebook Group today! ➼ Dealer Synergy: Dealer Synergy is the automotive industry's #1 Sales Training, Consulting, and Accountability Firm, with over 20 years of proven dealership success nationwide. We specialize in helping car dealerships increase sales, improve processes, and build high-performing Sales, Internet, and BDC departments from the ground up. Our expertise includes automotive phone scripts, rebuttals, CRM action plans, lead handling strategies, BDC workflows, Internet sales processes, management training, and accountability systems. Dealer Synergy partners directly with dealership leadership to align people, process, and technology, ensuring consistent results and scalable growth. From independent dealers to large dealer groups and OEM partnerships, Dealer Synergy delivers measurable performance improvements, stronger teams, and sustainable profitability. ➼ Bradley On Demand: Bradley On Demand is the automotive industry's most advanced interactive training, tracking, testing, and certification platform for car dealerships — built to develop top-performing teams across Sales, Internet Sales, BDC, CRM, Phone Skills, Leadership, and Management. In addition to LIVE virtual automotive training classes and a library of 9,000+ on-demand dealership training modules, Bradley On Demand now includes AI Phone Roleplaying and Coaching to help salespeople and BDC agents practice real dealership conversations before they ever get on the phone with customers. This AI-powered roleplay technology strengthens phone scripts, objection handling, appointment setting, lead follow-up, and closing skills, while providing measurable coaching feedback for continuous improvement. Bradley On Demand empowers dealerships to train faster, coach smarter, improve call performance, increase closing ratios, and sell more cars more profitably — all through structured, trackable, modern automotive training.

In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz sit down with Troy Cates and Garrett Paolella, Managing Partners of NEOS Funds, to discuss their IAUI and Boosted Series ETFs. ---

Are you accidentally putting your retirement at risk? In this week's episode, Micah Shilanski, Managing Partner and Wealth Advisor, and Luke Eberly, Wealth Advisor, break down a common mistake we see: treating retirement accounts like an ATM without a clear plan. The result? Unexpected taxes, market timing risks, and potential strain on long-term financial independence Need professional help with your retirement planning? Schedule a call today: https://zurl.co/AiAC Visit our website: https://zurl.co/ykNww