The Best Investment for a $20M/year business

In this rapid‑fire advisory monologue, the speaker outlines how a company generating $20 million in annual revenue should allocate its capital. He repeatedly argues that an advisory board is the single most valuable governance investment, preferring it over a formal board of directors, equity compensation plans, a new headquarters, or an HR manager. He then moves to operational priorities, recommending the creation of an M&A team at this scale, followed by AI automation if it has not yet been implemented. The core recommendation is to build an in‑house recruiting function, positioning talent acquisition as the primary growth lever and stating that at scale every business essentially becomes a recruiting company. The tone is confident and persuasive, with an enthusiastic endorsement of each suggested investment.










