we want to talk about it as being a meritocracy, you can't be a venture capitalist unless you already have money. That's just how that is. You can't start a company unless you either already have the network for people to fund you, and you go to the right colleges, all your buddies at Stanford and MIT, or they will fund you or you have to have worked in a space. And so I think AI, is the opportunity to build a great meritocracy where the best ideas win. I joke around, it's like, it's where Betamax can win, not VHS, Betamax. It's that kind of idea so I'm very excited about it.
I get out of bed every day just super excited about all the things that are going on.
Randy 00:31:23.492 - 00:32:51.660 I feel that same way, too. It's so funny you mentioned the Betamax reference.
They're going to be a subset of this audience for this show that doesn't know what that reference is. So I think that's hilarious. I understand that take on artificial intelligence specifically as it pertains to recruitment and retention. What about how AI will play into the other big areas of this industry right now? It just seems that every time I look up, I'm reading about another firm that has either merged or been purchased by somebody else or been acquired. I was sitting with a good friend of mine at the Elevate conference last week, and he was telling me about the acquisition of his company, which was about a 200-person firm, into a 2800-person, you know, ENR 500, huge company. There was a learning curve there, but nonetheless, he said, everybody in the leadership stayed on and they only lost a very few people which speaks to the whole issue of being able to incorporate one company culture into another. That's always a challenge. But I'd be curious to know what are your thoughts specifically as it pertains to AI and how M&A is going to continue to grow and proliferate in the design industry space. KPReddy 00:32:51.820 - 00:36:18. I run an advisory practice, not specifically to M&A, but more around innovation and AI. More recently, AI has been a subset of innovation. And one of my advisory clients, power engineers, just got purchased by WSP and a lot of people have asked me about the valuation. It's like the deal of the century type numbers.
KPReddy Email: kp@shadow.vc Website: Shadow Ventures
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