Tom Corr
๐ค SpeakerAppearances Over Time
Podcast Appearances
We have the relationships and we have the software that we've got from third-party partners or from affiliates that can be commercialized and sold through the affiliate network to other customers in order to do that.
So we're doing a lot of the things that they would have to hire people to do in the short term themselves.
And we're doing it at no cost to them at this point in time.
We will charge them a margin on the services that we provide, which includes people, data scientists,
access on services that we get from the various platform providers.
We will seek out software, AI-enabled software that they can sell to their end customers.
So on each of those products and services, we will take a margin.
But you've got to keep in mind, Nathan, this is a short-term program because we'll start the acquisition program later this year.
So the revenues, 100% of those revenues of those affiliates that we're signing up will be ours because they'll be part of our company at that point in time.
Well, the discussions with all of them today circled around, first of all, generating a new revenue stream for them by AI enabling their businesses and the services that they provide.
Companies of this size typically have a very difficult time in finding an exit strategy and finding liquidity for their shareholders.
Well, these aren't finding any.
But there's a lot more companies than I think there are buyers.
And most of these companies we're dealing with have been around for five to 10 years.
So it's not like they're unknown in their community.
And I think when we go into these companies as we early stage do our IPO and our shares are at a very low value, basically allows them to take shares and cash
in consideration of the company that we're acquiring and then seeing the upside and the value of the shares as we do more and more acquisitions and put more value on the company and increase the share value.
Well, because they've got 100 customers and they've got the relationships with them.
And each of these people have got vertical market expertise.
For us to pretend we could be experts in fintech, manufacturing, go down the list of medical, which we have people in telemedicine, it'll take you forever to do that, to build up an organization with that level of expertise and to get to 50 affiliates by the end of the year, which represents about 5,000 clients.