Richard Kestenbaum Triangle Capital - Venture Exit, AI and Retail

Описание: This interview between Andrew Gaule (linkedin.com/in/andrew-gaule-aimava) of Aimava and Richard Kestenbaum (  / rkestenbaum  ) of Triangle Capital covers insights on preparing startups for successful exits and liquidity events through M&A. They discuss how founders should focus on building profitable, high-growth businesses ready for acquisition, rather than purely pursuing valuation and fundraising. Kestenbaum emphasizes focusing on the fundamentals of running a strong business. They also explore the potential impacts of AI on industries like retail, predicting it will enable new business models we can't yet envision. Kestenbaum shares his perspective on navigating innovation in retail, noting cultural resistance and the challenges of implementing new technologies. Overall, he provides valuable advice for startups on positioning themselves for successful acquisitions by focusing on sustainable, long-term fundamentals rather than short-term goals. See Key Topics below.

For a book on corporate innovation and venturing see "Purpose to Performance - Innovative New Value Chains" by Andrew Gaule. ( shorturl.at/dfDTW ) - Includes a chapter on China from the years of travelling in China and taking leading corporates.
You can listen to this interview as a podcast on Gaule's Question Time on Apple, Spotify, Google and many other podcast channels. https://www.podomatic.com/podcasts/ga...
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See this and other video content at Aimava Purpose to Performance Channel -    / @p2pfromaimava  

5 Key Topics:
Preparing for Exits and Liquidity Events
Focus on long-term fundamentals and profitability
Don't get distracted prematurely planning exits
Build a business ready for acquisition
The Future Impact of AI
We're only at the very beginning of AI's potential
AI will enable innovations we can't yet foresee
Will transform industries like retail, finance, law, etc.
Challenges for Retail Startups
Overcoming organizational resistance to change
Developing both tech and marketing capabilities
Blending Online and Offline Retail
Each channel has unique strengths
Integration is complex and will take time
Focus on choosing strategic areas for tech
The State of Physical Retail
Need experience customers can't replicate online
Implement tech for better data and service
Omnichannel is key but difficult to achieve