There is something very important happening in finance. An entire generation of young people who grew up on the internet are now ascending to positions of power and influence. They have access to capital and they have technology at their fingertips. The speed at which they receive information, analyze insights, and make decisions is different than those who came before them. The appetite for risk, the pursuit of volatility, and the addiction to playing the game 24/7 gives them a distinct advantage. Add in the fact that many of them have a megaphone with reach previously thought impossible. Faster, bigger, louder, more concentrated. The internet generation has arrived to capital markets and things will never be the same.

Can someone please explain to me how Benchmark International lets Class of 2022 undergrads run point on $3M EBITDA deals

Foundation model providers like @OpenAI and @AnthropicAI have abandoned the pure infrastructure play. They're vertically integrating at unprecedented speed: OpenAI's Agent Mode, Claude Code, Deep Research. Your startup's success becomes their product roadmap. Build something that works? They'll clone it, crush it, or acquire it for pennies. The platform that powers you can steamroll you.

Talking with a guy in big law: "Adopting too much AI will hurt our bottom line."

Very interesting discussion here around the future of investment banking and AI Some thoughts > Grok estimates that roughly 18,000 businesses in the U.S. generate $1-10M in profit > Businesses of this size are typically valued at 3-5x EBITDA, on average, based on transaction data available > With 18,000 businesses (midpoint) and using the average EBITDA multiple + transaction fee of 5% on the TEV, total whitespace market here is nearly $19B, conservatively > As Offdeal ramps up, they will certainly start competing for larger deals but absolutely insane to me that a $19B market today has been left alone by existing banks. Essentially a land grab today > It totally makes sense that a lot of investment banks won’t have integrated AI solutions. They will likely shop around for point solution vendors across the AI spectrum, and end up with a cluster of different tools > Today, CRM at most banks don’t properly connect to the VDR. The excel models don’t connect up to a database of transactions. Transcripts from calls don’t integrate with DD trackers sent to buyers. I don’t see why traditional banks would get any better at this when AI comes into play > For most investment banks, tech is essentially an after thought. The MDs (who make the decisions) are not the ones who use the technology (analysts and associates do). There is a massive mismatch between end user and decision maker. OffDeal is solving this problem directly by building a tech focused bank from ground up Exciting times to live in

AI-native investment bank @tryoffdeal CEO @leveredvlad explains how the company helps small businesses sell themselves with the technology:

The world's first AI investment bank is looking to conquer Wall Street. I sat down with @leveredvlad to understand what they are doing, how their technology works, and why this is a better model.

tech people despise ibankers until the day they realize they really need someone smart, commercial, capable with people + numbers, who can take a lot of pain to get the job done, and then they desperately try to hire them (or ones that have been techwashed by a year in “bizops”)