Back from the All In Summit. Here's what I learned:
For EdTech (the space I’m searching), workforce training is going to be huge, especially in communities where there are data centers or huge capital investments. Meta is actively creating academies to train young adults for jobs building their data centers, while paying them a full salary during their training. And here in Texas, SpaceX and several other large projects are investing in the local community college systems because they can’t find tradespeople. For future investing, Boom Supersonic and UnconventionalAI are wildly rethinking their industries. Boom just demonstrated silent sonic travel and plans to have ultrasonic commercial airliners in production within 5 years and have already taken reservations from all the major US airlines. They’ve also modified their in-house-designed jet engines for use in data center power generation. Meanwhile Unconventional is using the way the human brain works to create chips that are unlike any silicon we’ve ever seen. Perhaps most importantly for the Searchfunder community, we heard from the CEO of Bending Spoons ($BSP), who has rolled up more than 50 deals sinceredactedTheir earliest acquisitions were sub-$50K, growing in size as the businesses threw off more cash. Their business model is to buy the technology and business assets, lay off most of the staff, and consolidate product development, engineering, operations, sales and marketing to their core team. Unlike a PE firm, they can’t easily separate any of the assets for a future sale, despite the wide range of capabilities of each product they own. It was a fascinating look at how a small searcher can build a huge business with a clearly-defined post-acquisition playbook. Did anyone else attend or watch the videos posted after the conference? If so what were your major takeaways?