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Kevin Tawil

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1363 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

But like a lot of industries like that, it just consolidated really, really quickly.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

So I think certainly by 2000, the top three to five carriers would own 70 to 85% of the market.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

So it was clear back in the early 2000s, we were going to be in a consolidating industry.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

That's just really the way it had to be for the economies of scale to work for them, which meant

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

Customer relationship management was going to be critical.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It was always important, by the way, to be working with the acquiring company, because if company A acquired company B, then the vendors and partners of company A would tend to win out as well.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And that worked largely in our favor in the early 2000s.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

But we knew then that it was a concentrated industry and we really did two key things.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

One was focus on client relationship management, keep them close and keep them happy.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

So we're always in this search to look for growth outside of the wireless industry or in different areas of the wireless industry in order to lower the risk that comes with concentration.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

As it turns out, working within a concentrated industry can be a good thing.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It allows you to focus.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And if you've got a great product and you've done a good job of managing the client relationship so that they view you, your company, your product as strategically important to them, which was one of, again, back to Brett's superpowers, one of the things he was able to do

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

for us, then you embed yourself in that organization and are able to continue to grow along with it.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

We've been successful at doing that over a long period of time in a consolidated industry.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

At least a third of his time, if not more, was spent on client relationship management.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

I can say the same for myself.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It was important for us to get to know the most senior levels of our clients.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

If you're successful at doing that, then you have a seat at the table to pitch them new ideas and to help continue to grow with them and evolve your product suite with them in a way that's more difficult to do when you're down at the mid-levels.