Our Co-Founder and CEO, Jon Lemelman, did a deep dive on his journey to and through (AI) startup life at Classify with Nick Creasey and Scott Estill. Give The LAB Podcast: Value Creation in Private Equity a listen, reach out, and let us know what you think!
New episode of #TheLAB featuring Jon Lemelman, Co-Founder and CEO of Classify. Jon is a seasoned private equity professional turned #AI entrepreneur. Jon's journey is a fascinating one: after 25 years in private equity, he identified a pervasive problem that had no adequate solution and decided to tackle it head-on by founding Classify. In this episode, Jon shares how, pre-pandemic, he noticed an inordinate amount of time being wasted on managing data from various sources—data rooms, shared drives, CRMs, and emails. This inefficiency led him to explore how AI could streamline these processes. Fast forward to the pandemic era, and the demand for remote, efficient solutions skyrocketed, confirming his vision. John and his co-founder, Tait Larson, developed an AI-driven solution to automate and optimize these workflows, catching the wave of the AI boom just in time. Give the episode a listen to hear about the transformative power of AI, specific to private equity and beyond. We discuss how AI can revolutionize traditional tasks, from organizing information to conducting market research. One standout example is the use of AI in market research—replacing costly, time-consuming consultancy processes with efficient, AI-driven models that deliver insights quickly and accurately. John highlighted the importance of starting with a clear problem definition and understanding the workflow before implementing AI solutions. He also shared practical advice on integrating AI in companies, stressing the need for trusted and secure data handling, as well as the necessity of having a clear use case. Listen now on your preferred platform! Spotify: https://lnkd.in/gU8yiqcq Apple: https://lnkd.in/gGUePXX3 Nick Creasey Scott Estill Joshua Chorazy Kiana Nicio #PrivateEquity #AI #Innovation #TheLABPodcast #TechTransformation #AIinBusiness #StartupJourney