@Geo George from @Mayfly Ventures discusses the innovative approach of his venture studio, focusing on investing in both new and existing businesses. He emphasizes the importance of navigating uncertainty in the startup world and how AI can serve as a transformative tool for businesses.

The conversation also highlights the value of 'boring businesses' and how they can be revitalized through technology and strategic partnerships. Geo shares insights on successful ventures in hospitality and MedTech, and offers practical advice for small businesses looking to leverage AI for growth.

"We're aiming to do things 2% better, but thousands of times."

Takeaways

• Mayfly Ventures focuses on the intersection of strategy, creativity, and technology.
• The venture studio model increases the chances of success for new startups.
• Navigating uncertainty is a key aspect of the startup mindset.
• AI can enhance business processes and drive efficiency.
• Boring businesses often hold significant value and potential for growth.
• Successful ventures often stem from deep domain expertise and understanding of customer needs.
• The integration of AI into business processes is crucial for staying competitive.
• Small businesses can leverage AI for customer service and marketing.
• Documentation and understanding of business processes can lead to meaningful improvements.
• Investors are increasingly interested in businesses that can demonstrate execution capability.

"Boring businesses are great businesses."

Chapters

00:00 - Introduction to Mayfly Ventures and GA George

02:50 - The Venture Studio Model: Investing in New and Existing Businesses

06:01 - Navigating Uncertainty: The Startup Mindset

08:50 - The Role of AI in Business Transformation

11:53 - Boring Businesses: The Hidden Gems of Investment

15:02 - Case Studies: Successful Ventures in Hospitality and MedTech
18:11 - Practical Steps for Small Businesses to Leverage AI

21:09 - Conclusion: Embracing Change and Innovation

@michael kerr

@kerr capital

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Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au