Romeen Sheth, CEO of Metasys, discusses the intersections between AI and service businesses, the rise of cashflow businesses, opportunities in offshore labor and AI, building an automation consulting firm, opportunities in vertical software, and leveraging media companies for lists and data.

Romeen Sheth, CEO of Metasys Technologies, discusses blending AI with offshore labor for service businesses, envisioning a Carta for non-venture, and utilizing a media company to enter the expert network space. They explore the potential of AI in scaling service businesses, the impact on consultancy, and transforming billing strategies. The conversation also touches on leveraging private equity for business transformation and the evolution of expert networks in due diligence processes.

This is Jesse Pujji and today we’re breaking down McKinsey & Company, the world’s pre-eminent management consulting firm. Founded in the thick of the Industrial Revolution, McKinsey set about professionalizing the way businesses were managed. An accountant by trade, James McKinsey, took inspiration from a range of well-established professions like engineers, doctors, and lawyers to create a new category.  Today, some 100 years later, management consultants are entrenched in every part of the global economy and McKinsey continues to lead the field. To break down the business, I’m joined by Romeen Sheth, a McKinsey alum and the current President of Metasys Technologies. Please enjoy this business breakdown of McKinsey & Company. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss Show Notes[00:02:35] - [First question] - What is McKinsey & Company and what management consulting looks like[00:04:52] - Their project-based model and what’s being bought and sold when McKinsey makes a sale[00:07:36] - The scale of the business and how profitable it is[00:08:58] - How many projects McKinsey is running and how big of an opportunity management consulting is[00:10:37] - McKinsey’s famous ownership model and how it works[00:12:49] - The history of McKinsey, who started it, and how it has evolved in modern times[00:19:01] - How the firm has changed in the post-Bower era[00:22:12] - McKinsey’s biggest competitors, their dynamics of practice groups, and vertical projects[00:25:46] - How a CEO or top level manager decides which management consulting firm to do business with[00:27:38] - The overview of a normal project for McKinsey, what they sell, and costs associated with it[00:33:07] - The process of marketing and sales and their talent flywheel[00:36:07] - The traditional side of their sales and marketing and the McKinsey Quarterly[00:37:44] - How someone can pitch business to McKinsey and their sales process[00:39:47] - What makes the organization special and unique from a team or work perspective[00:41:01] - Their talent model and how they find and develop their talent [00:45:14] - How their staffing model is unique and how they tie feedback into staffing[00:51:06] - Examples of the scandals that have happened and why[00:55:24] - The biggest growth levers of the business looking forward[01:03:52] - What could happen to make McKinsey a shell of its former self [01:05:38] - Where Romeen would direct people to go for further study; The Firm[01:06:31] - Lessons for builders and investors when studying McKinsey’s story

Romeen Sheth, expert in hiring top talent, shares 3 frameworks related to talent: choosing where to work, developing a personal working guide, and switching roles. He emphasizes rigor and thoughtfulness in evaluating career decisions, substance over perks in hiring, and the importance of person-problem fit. Listeners are encouraged to utilize these frameworks for career decisions.

Romeen Sheth joins the NIA boys to discuss Investing in India, VC vs. Bootstrap, Immigrant Hustle and much more Timestamps:(00:00:00) - Intro(00:03:16) - Romeen’s Backstory(00:10:34) - India Deep Dive(00:20:58) - How to think about India(00:25:31) - Framework for Investing in India(00:35:14) - The Indian Consumer(00:45:13) - India and Crypto(00:50:52) - Return on India Breakdown(01:09:04) - VC vs. Bootstrap(01:15:37) - AI Proof BusinessesWhat Is Not Investment Advice?Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.Watch + Subscribe on Youtube:https://youtu.be/RZTu5ijn6yYListen into our group chat on Telegram:https://t.me/notinvestmentadviceLet us know what you think on Twitter:@bzaidi@trungtphan@jackbutcher@niapodcastFollow NIA on social media:Instagram: https://www.instagram.com/notadvicepod/Facebook: https://www.facebook.com/profile.php?id=100089813414522TikTok: https://www.tiktok.com/@niapodcast Links Mentioned:Romeen’s Twitter ProfileRomeen’s Newsletter:Return on IndiaRomeen Thread 1Romeen Thread 2Percentage of world’s population that live in each Indian state Hosted on Acast. See acast.com/privacy for more information.