Derek Kuns

@DiscussingFilm Seems like they correctly determined that video game graphics peaked in 2014 and they should just stay true to the source material instead of “re-imagining” it

First trailer for the new ‘STAR FOX’ game. Releasing June 25 on Nintendo Switch 2.

@adonis_singh In my experience, most normies have never heard of Claude

consensus is pretty clear; codex is killing cc right now it will take a while for the normies to catch up, most still think claude is some unbeatable God that is stomping gpt in 'technical stuff'

@AlexGodofsky Another key element of luxury beliefs is that holding them confers status on the holder. That would still be the case here, so perhaps the *possibility* of losing private schools, is a trade off worth the status gain.

"Luxury beliefs" has always been a solution in search of a problem. It tries to resolve the supposed paradox of left-wing people supporting policies with bad outcomes, but there is no paradox, they just support the bad things even when the bad things will hurt them.

This is a good example of how the right's "luxury beliefs" framework for explaining the left is incorrect.

@Mubarak_mubious Title insurance

what industry is entirely built on a house of cards and would collapse overnight if people realized the truth about it ??

@briandelucia Haha! But that’s where the magic is. Always good swapping notes with you Brian

@DerekKuns @DerekKuns -- great perspective here. I hear about this annoying guy who reaches out to you every several weeks to swap stories, ask for perspectives from the front lines, etc. 🤣

As more info becomes democratized, management consultants could become *more* valuable. The consultants with proprietary/private data (e.g., from talking to industry participants) will continue to be valuable and perhaps more so.

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@_PE_Charles I see, great idea

Everything sourced from public sources all over. The idea being that you can very or "read more" at the original source. - 10ks, filings, transcripts - case studies / articles published online (attributed of course) - future: youtube video transcripts are great - future: x.com is a goldmine I also have a bunch of anonymous cases I'd like to add from consulting days... The tricky part is QA - avoiding hallucinations and making sure the sourced material actually contains the information

Playing around with something that's been in my head for a while on value creation... Every client I talk to wants real, industry specific examples for how value is generated, typically tailored to their specific problem. I'm (very slowly) building a reference library for value creation case studies. Focused on public and private companies. Eventually, would be great to get real stories from real people, relevant to LMM PE. Thoughts and feedback welcome. Useful or dumb?

@piktoggle_ @BoringBiz_ It’s overdone on here, but I subscribe to the camp that folks don’t hire McKinsey for actual analysis. It’s really: - create a scapegoat for a tough decision - make the case for a decision someone already wants - get access to best practices at other companies

@BoringBiz_ Doesn’t this just increase the pace at which AI companies can understand and cannibalize traditional consulting workflows and collateral? Seems like an unforced error

OpenAI just launched partnerships with the large consulting firms to help deploy AI at scale This is honestly a brilliant move > most companies come to consultants for advice on upgrading their IT systems, operations and supply chains > consultants often become the gateway for new technology adoption, especially for legacy businesses which have not kept up with new platforms > having consultants as partners allows OpenAI to penetrate into the heart of these legacy companies instantly, without needing to hire their own sales team to go chase down these opportunities > OpenAI is coming to the realization that generating a good ROI on hundreds of billions in capex is not possible with a $200/mo consumer option and some ads on top. For them to survive, they need enterprise level adoption across every stage of the corporate lifecycle > Corporate AI integration tends to be sticky since it gets embedded into the workflow and compliance processes of the company. Once a company adopts OpenAI, they are unlikely to just switch over to Anthropic or Gemini easily, even if at a slight discount on pricing > On the enterprise side of AI, it feels like the first mover will ultimately win. This gives a massive edge to OpenAI to become the first mover in the space

@AcdntlyRetired I used Claude Code to automate the creation of a market studies (like the consulting reports a McKinsey/Bain/LEK would draft for a private equity client considering an acquisition). It works pretty darn well.

Has anyone actually used an AI agent that works properly? Or even functions at all?

@PEoperator What have been the biggest unlocks?

Claude is changing my life right now.

@Jacobsklug @openclaw @Lovable OS

I'm giving away my entire @openclaw architecture. Behind my $250k/month agency. After weeks of building, I've dialled in the exact system that runs my business 24/7. What's included: • Memory folder structure (how to organize agent context) • Cron job templates (daily briefs, meeting syncs, content automation) • How to build a custom dashboard in @lovable • API reference doc (so your agent never forgets its tools) • Voice training method (85 posts to teach it your style) • Supabase schema for dashboard connection Comment "OS" and follow. I'll DM it to you. P.S. This will probably blow up so give me some time to reply.

@BuySellSMB Interesting — things like family offices? Not trying to steal the secret sauce, but I also haven’t seen many PC lenders at that end of the market

@DerekKuns Something else. Most SBICs don't lend at our deal size and if they do, it's for a limited time post launch before they move up market.

We traded SBA for private credit and our average LOI-to-close dropped from 110 days to 57 days and falling.

@latinedisce Et tu, Brute?

Do you even Latin, bro?

@PEoperator In my experience, the independent (fundless) sponsor market is growing for a variety of reasons. One key challenge for the sponsors is sourcing deals and winning auctions. It’s hard to compete with funded sponsors when it comes to certainty to close.

What if instead of raising funds to then go buy companies, private equity had to raise funds for each specific deal? This makes them more like an independent sponsor. What would that actually do to the industry? It would definitely slow things down and it increases company-specific risk for LPs, but it could also increase transparency. Thoughts?

@PEoperator @plainsignal99 Most US private equity funds already have “American-style” waterfalls, meaning carry is calculated deal by deal rather than as a whole fund.

@plainsignal99 Didn’t think about that dynamic, good point

@chimpvc @lyronctk Not exactly defunct; it was acquired by Deutsche

@lyronctk Morgan Grenfell (now defunked)

Today I learned that J.P. Morgan and Morgan Stanley was the same Morgan

The Stanley is also the same as the water bottle / thermos company.