Keep pulling the thread on United States.
A recent McKinsey report estimates that $3.7 trillion worth of businesses will need to be sold or transferred in the next 10 years.
Avdeal predicts that a single investment banker will be able to manage over 20-25 concurrent transactions within the next 12 to 24 months.
It took Corgi approximately two years and $100 million in investment to launch its first product as a full-stack insurance carrier.
Corgi's full-stack strategy involves becoming a regulated financial entity itself, rather than selling technology to or building on top of incumbent insurance companies.
Corgi now has multi-step AI processes in production that completely replace human labor for a wide variety of its use cases.
Avdeal operates on a success-fee-only model, charging no upfront retainers for its M&A advisory services.
Crosby has eliminated the billable hour and instead prices its legal services by the task to incentivize the use of AI over human lawyers.
General Catalyst is heavily investing in applied AI, including AI roll-up companies such as Long Lake and Beacon.
Corgi is an AI insurance infrastructure company that operates insurance carriers and reinsurance companies with minimal human involvement.
General Catalyst is an investor in the AI model company Anthropic.
According to a recent McKinsey report, 82% of lower-middle market business owners currently handle succession planning and exits without professional advisory services.
Large investment banks like Goldman Sachs have unit economics that prevent them from profitably serving M&A deals for businesses valued around $20 million.