The Joy & Pain of Buying a Tech Business | Felipe Corcuera Interview

Most searchers buy traditional businesses, but Felipe Corcuera is an exception. Through a search fund, he acquired a consulting firm in robotic process automation just as ChatGPT launched. The AI boom forced a pivot, and today Felipe leads an AI automation company selling AI agents. The transition hasn’t fully shown in the numbers yet, but the long-term trajectory looks strong. Still, Felipe admits he sometimes envies the simplicity of owning a landscaping business. Technology offers huge upside but also relentless competition and risk. Here is Felipe Corcuera, co-CEO of Beecker.

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00:00 Felipe's background and path to search funds
03:01 Experience at Relay Investments as an early employee
16:37 Partnership approach to search strategy
40:27 Acquiring Beaker, an RPA implementation business
57:36 ChatGPT launches 12 days after acquisition
01:02:49 Transformation of revenue model to recurring services
01:14:45 Investment strategy in AI capabilities
01:27:57 Pros and cons of operating in the AI industry

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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron

#business #acquisitions #buyingbusiness