Success in Service-Based Businesses

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The guest, Ramine Sheth, transitioned to service-based businesses after being infatuated with the idea. He found service businesses to be less capital-intensive and with lower product market fit risk compared to startups. Despite initial skepticism about the scale of service businesses, his own business has reached over 60 million in revenue and brought in private equity, showcasing the potential for significant growth in service-based businesses.

In today’s episode, Romeen Sheth, CEO of Metasys, joins Erik Torenberg and Sean Linehan to discuss the intersections between Ai and service business, vertical software, and much more.

Media Empires is part of the Turpentine podcast network. To learn more: www.turpentine.co

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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LINKS:

Late Checkout: https://www.latecheckout.studio/

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RECOMMENDED PODCASTS:

Moment of Zen: https://link.chtbl.com/moz

Upstream: https://link.chtbl.com/Upstream

Turpentine VC: https://link.chtbl.com/TurpentineVC

🎙️ECON 102 W/ NOAH SMITH - Keeping econ entertaining - Noahpinion author Noah Smith and Erik Torenberg break down business news and politics every week.

Apple: https://podcasts.apple.com/podcast/id1696419056

Spotify: https://open.spotify.com/show/6q7Gn5lP8TTtBPuV1NJSGs

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TIMESTAMPS:

(00:00) Episode Preview

(03:12) Intersection between AI and service businesses

(08:30) The rise of cashflow businesses

(13:12) Opportunities in offshore labor & AI

(19:26) Building an automation consulting firm

(25:30) Carta for non-venture companies

(29:20) GLG & Tegas space

(45:04) Opportunities in vertical software

(46:24) Building a business around PE due diligence

(47:47) Understanding the diligence process

(51:25) Using a media company as a wedge

(53:21) Leveraging lists & data from media companies

(54:47) Challenges of recording and maintaining knowledge

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X / Twitter:

Romeen Sheth: @romeensheth

Sean Lineman: @seanlinehan

Erik's Twitter: @eriktorenberg

Media Empires: @mediaempirespod

Turpentine @turpentinemedia

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