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”)

The first AI investment bank is looking to disrupt the incumbent firms. Entire businesses are going to lose to people who can harness this new technology.

IN NEWS: @tryoffdeal has raised a $12M Series A. We brought CEO Ori Eldarov (@leveredvlad) on the show to talk about founding the first AI-native investment bank. "I'd be lying if I said we didn't consider building software for banks." "But we saw how bureaucratic large banks and how long it takes to inact any meaningful change. Call transcription was the number 1 requested feature (even though Zoom exists)." "I kept thinking, if I was running my own bank, I would do it completely differently." "We decided to go all in on building our own investment bank from scratch."