Royce Yudkoff
๐ค SpeakerAppearances Over Time
Podcast Appearances
But it's this evolution of information that I find fascinating. And my other favorite is a really odd choice, Royce. It is Brian Bonk and the Palfrey's case. So we close our course with this case. Every time when I'm getting ready to teach this case the night before, I say to myself, and sometimes I even call Royce, and I say, Royce, whose stupid idea was it to have this case as the last case?
But it's this evolution of information that I find fascinating. And my other favorite is a really odd choice, Royce. It is Brian Bonk and the Palfrey's case. So we close our course with this case. Every time when I'm getting ready to teach this case the night before, I say to myself, and sometimes I even call Royce, and I say, Royce, whose stupid idea was it to have this case as the last case?
Because this is just a terrible, terrible case. It's a story about a young man who gets his PhD in biology at MIT. And while he's in the process of getting his PhD in biology at MIT, he comes and takes our classes and decides there's a lot of smart biologists in the world, but there aren't a lot of smart biologists that own small businesses. So he's going to go buy a small business.
Because this is just a terrible, terrible case. It's a story about a young man who gets his PhD in biology at MIT. And while he's in the process of getting his PhD in biology at MIT, he comes and takes our classes and decides there's a lot of smart biologists in the world, but there aren't a lot of smart biologists that own small businesses. So he's going to go buy a small business.
Royce and I work with him and we really enjoy working with Brian. And he finds this business Can I say what it does, Royce? Is that okay? Yeah, absolutely. Finds this business that is in a most unusual marriage of businesses you can imagine. It is the largest rabbit slaughterhouse in the United States.
Royce and I work with him and we really enjoy working with Brian. And he finds this business Can I say what it does, Royce? Is that okay? Yeah, absolutely. Finds this business that is in a most unusual marriage of businesses you can imagine. It is the largest rabbit slaughterhouse in the United States.
And who doesn't want to own that and just be able to say to their grandchildren, I killed 5,000 bunnies this week. I have to be careful. My grandkids sometimes listen to this. And a biotech version that takes the byproducts of the rabbit meat and turns them into biological products that turn out to be essential into development. of so many things like Prevnar and a whole bunch of vaccines.
And who doesn't want to own that and just be able to say to their grandchildren, I killed 5,000 bunnies this week. I have to be careful. My grandkids sometimes listen to this. And a biotech version that takes the byproducts of the rabbit meat and turns them into biological products that turn out to be essential into development. of so many things like Prevnar and a whole bunch of vaccines.
So it is a really interesting business. Half really appeals to Brian, as you might imagine. Anyway, the last case is about Brian's attempt to close the business. I think it takes, I mean, we have the number of days in there, but it's like 280 days or something crazy like that. I mean, Moses got to the promised land more quickly than Brian gets to closing. And it's a video case.
So it is a really interesting business. Half really appeals to Brian, as you might imagine. Anyway, the last case is about Brian's attempt to close the business. I think it takes, I mean, we have the number of days in there, but it's like 280 days or something crazy like that. I mean, Moses got to the promised land more quickly than Brian gets to closing. And it's a video case.
And the way we did the case was we had Brian record his impressions whenever he wanted to on his iPhone. And then the magic of editors pulled that all together into this video case, which is about an hour long. And you see this journey and it's like, well, I thought this issue was resolved. And Brian says, well, this issue's back. I thought it was resolved.
And the way we did the case was we had Brian record his impressions whenever he wanted to on his iPhone. And then the magic of editors pulled that all together into this video case, which is about an hour long. And you see this journey and it's like, well, I thought this issue was resolved. And Brian says, well, this issue's back. I thought it was resolved.
This is the fourth time it's not been resolved. I don't know what to do. I'm just so frustrated. I guess I just have to get back to work. And it just is this, oh, my word. It so shows the frustration of search, the challenge of search, why it's hard, because information isn't always available at one time. Anyway, that's kind of a favorite of mine. It's a weird favorite, right, Royce?
This is the fourth time it's not been resolved. I don't know what to do. I'm just so frustrated. I guess I just have to get back to work. And it just is this, oh, my word. It so shows the frustration of search, the challenge of search, why it's hard, because information isn't always available at one time. Anyway, that's kind of a favorite of mine. It's a weird favorite, right, Royce?
The question I always have is why more people don't do it. We have 920 students graduate every year. Ought to be 100 people searching. We get like somewhere around 20, 25 a year. And then probably another 20 out of that class over the next three or four years. Right. Not 100 for sure. But not 100.
The question I always have is why more people don't do it. We have 920 students graduate every year. Ought to be 100 people searching. We get like somewhere around 20, 25 a year. And then probably another 20 out of that class over the next three or four years. Right. Not 100 for sure. But not 100.
And that doesn't mean there aren't great jobs in private equity and in corporations and in consulting. But for me, for my taste, this is such a better career path than working for somebody else.
And that doesn't mean there aren't great jobs in private equity and in corporations and in consulting. But for me, for my taste, this is such a better career path than working for somebody else.
Not anymore.
Not anymore.