The Fort - An Entrepreneurship Podcast

#334.- Chris Powers & Jason Baxter - Fort Capital's 2023 Year in Review

Feb 1, 2024

Chris Powers and Jason Baxter reflect on Fort Capital's 2023 achievements, fundraising goals, custom AI development, deal pipelines, profitability, team growth, and the outlook for 2024. They discuss the successful implementation of document AI in improving the invoice process, the renewal rockstar initiative to boost tenant renewals, and the adoption of company-wide AI challenge. They also cover their acquisition pipeline in 2023, expansion of the team and opening new offices, and the challenges in finding affordable land and meeting construction costs.

01:25:44

Episode guests

Jason Baxter

Chris Powers

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The importance of attracting new investors and building a strong network for efficient growth in the ongoing fundraise.

The value of leveraging AI to improve operational efficiency, automate processes, and increase productivity.

The significance of structured meeting processes integrated with AI technology for consistency, alignment, and better decision-making.

Deep dives

Fundraising and investor partnerships

The podcast episode discusses the company's ongoing fundraise and the importance of attracting new investors who can write larger checks. They highlight the value of building a strong network of partners and how it has been a defining part of the company's growth. Additionally, they emphasize the need to shift from a one-off syndication model to a fund type structure, allowing for pre-committed capital and more efficient growth.

Introduction

5min

Reflecting on 2023 and Future Fundraising

11min

Improving Invoice Process with Document AI

5min

Renewal Rockstar Initiative and Incentivizing Property Managers for Tenant Renewals

3min

The Company-wide AI Challenge

28min

Acquisition Pipeline in 2023

15min

Expansion of Team and Opening of New Offices

18min

In this conversation, I sit down with my partner and Fort Capital CEO Jason Baxter to talk about our current fundraise, company wins, building out Fort’s custom AI, deal pipelines, profitability, how the team has grown, and an outlook for 2024.

Past 'Year in Review' episodes:

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Topics:

(00:00:00) - Intro

(00:04:17) - Reflecting on 2023

(00:08:07) - Fundraising