When buying AI companies, one year of operating history is nice but not required. Early-stage rocket ships with tiny teams and small checks can work if you or your team can bring operational expertise to scale them.
How important is operating history to you? I would like to see more than a year, but in the AI era, it's hard to go through and simply define that. Things are happening so fast and businesses and business models that are, that are coming up and developing that they might be rocket ships. And those are interesting businesses for other reasons, because normally they're, they're much smaller check sizes. They're smaller teams. You're buying early, like really early. And so I don't mind the early ones so long as I, as an entrepreneur, felt that I had the skills either personally or pulling bringing other people in to ramp that up because normally those operations are, you know, solo entrepreneurs or very small team, which might not necessarily have all of the skills or resources to be able to go and really scale that asset up.
The Buyers Who Made the Move: What They Bought, How They Did It, and What Happened Next
