TPG and Ntiva

I started with The Purple Guys late last year knowing that our previous PE partner was towards the end of their hold time. That can make some people nervous, but all I’m seeing is greater opportunity invest in others and participate in creating an incredible organization. Since joining TPG I’ve only grown more excited about that as i’ve continued to see an organization that is committed to people, both internally with our team and external with our clients. This event only sets us in a better position to create and scale that incredible organization for the benefit of others.

Very exciting things to come!

https://hubs.li/Q02vLMr30

Desk Setup

I love the pics insta sends my fees of really slick desk setups. Would love to be one of those people with the really nice. The thing is, I don’t think mine will ever get there. It tends a bit messier than I’d prefer. The reality is mess is where the work happens. So while I’d love a photo worthy desk, I don’t think it’s in the cards for me. Have some work to do.

What about you? Is your desk clean or do you have some projects to roll through?

Automate the Intern Tasks

I’m running an experiment this year. Anytime there is something that is simple and might be delegated, I see if it can be automated by tech instead of given to an intern.

I’ve been hesitant to do this over the past year due to a value for developing others, so i’m also looking for new ways to intro others into a career that involved more valuable and less busy work.

My start on it was a report I get daily. We’re in the O365 platform so I used Power Automate to
1. drop the pdf to Sharepoint
2. archive the email
3. when a new pdf shows up use a trained ai model to pull data
4. add the data to an excel doc

It’s a daily 5 minute task that won’t have to be repeated by anyone ever again. The way I figure it I’m saving about $140 per month on that one task.

AMA.

Capitalize on the Tools

I’ve been thinking about AI a little more lately after some recent conversations. Since OpenAI launched ChatpGPT, it’s arguably taken more investment dollars relative to the return than any other investment vertical in history.

There’s a lot of buzz around it. Buzz is fine and value is better. I’ve spent the past several months working within a few AI driven tools and here’s the thing i’ve found. What’s here today, is not tomorrow’s answer. This is not a statement about the quality of the tools, it’s an assessment of the stage of the industry. We’re still incredibly early.

Let’s take co-pilot in office as the example. It’s fine and it’s limited. If I want to write a formula faster then that’s great. It does that. Honestly that’s not where most of my brain energy is spent though. Email, it’s kind of terrible. Doesn’t have the context I do for what I’m writing to the point that my feedback to Microsoft one night was that “A monkey on cocaine could write an email better than this.” Really I was missing the point. It’s a Co-Pilot, it’s not going to do my job for me yet. At the same time a human co-pilot would be better.

Predictively guessing at what I want to say next has been a thing for years that Google already gave us. When you think about how you work, that feature isn’t really that helpful.

So, as i’ve had opportunity to use it, the better value has been found in applying that to automated tasks I don’t like. Stuff like:
-capture the data from this pdf report into excel every afternoon
-find empty time on my calendar and preschedule this
-give me the tasks from this meeting

Writing my email for me though? That’s a ways off. So the question is, what’s the IRR we’re looking for on this money being thrown here and how can you capitalize on the models beyond basic use of a Chatbot GPT?

Regrets and Perspective

Let’s talk about regrets for a minute. Sometimes, looking back, I wish we would not have sold Unicom. Sometimes, I wish I wouldn’t have removed my position in some property holdings and renegotiated the payment service of the position instead. In the end I did those things. Some of the playout of that was not my favorite, an exit from the purchasing company after many months of deliberation, higher debt service payments, etc.

While that’s all true, I also find myself at a firm that seems to be a better fit for me, and the capital released in several of the transactions from the past several years has served to allow us other freedoms and new ventures. This pic is from a fire pit with one cousin on our property across from our house during Christmas. While i’m not always excited about some of the playouts, I am excited at how it’s allowed me to invest in my family in ways that I otherwise would not have been able to.

Just know that regret isn’t as straightforward as it seems. It’s usually a mix of the good and bad that comes with making decisions with your life. When you look at it all I hope that you, like me, aren’t too upset about the outcomes of your decisions from the past year.

For now i’m going to go back to watching kids around fires. Learn for your past and appreciate your present.