Expert Networks usage experience? Opportuntiy for AI-augmented expert network?
Hi, I'm thinking about building a better ai-driven/augmented expert network (like GLG, AlphaSights, Tegus, Third Bridge, Guidepoint, etc.).
I'm trying to understand the pain points and annoyances of that people working in PE with existing solutions.
Some example questions: was the quality of the expert good? was the call set up fast enough? was price or the number of expert calls you felt comfortable doing a concern? Any other aspects that stood out about your experience with these platforms?
(My working hypothesis is that the speed and quality of the expert match can be dramatically improved using LLMs).
I've dabbled with various expert networks in the PE space, and while they provide valuable insights, there are certainly areas that could be enhanced.
1. Expert Quality:
- The quality of experts can be hit or miss. Ensuring a more reliable match to the specific needs of a PE professional would be a game-changer.
2. Speed of Connection:
- Quick access to experts is crucial in the fast-paced world of private equity. Improving the speed of setting up calls could significantly enhance user experience.
3. Pricing Concerns:
- The cost and pricing models of existing networks often leave room for improvement. Balancing affordability with the number of expert calls is a key consideration.
4. Platform Efficiency:
- A streamlined, user-friendly platform would make the entire process more efficient. From initial search to post-call follow-ups, optimizing the user journey is essential.
5. Customization and Specialization:
- Tailoring the service to cater specifically to the nuanced needs of PE professionals, perhaps by industry or deal type, would add tremendous value.
Your hypothesis about leveraging LLMs to enhance speed and quality aligns with the need for more precise and efficient expert matching. An AI-driven platform that addresses these pain points could revolutionize the landscape. Looking forward to seeing how your project develops!
Thanks!
> The cost and pricing models of existing networks often leave room for improvement. Balancing affordability with the number of expert calls is a key consideration.
could you elaborate on this? Did someone mention that you shouldn't do too many calls?
The notion of considering the number of expert calls relates to budget constraints or strategic decision-making as some professionals might be mindful of the costs associated with engaging multiple experts, especially if they're on a tight budget or have to adhere to spending limits. It's not necessarily a suggestion against doing too many calls, but rather an acknowledgment that, like any resource, expert calls should be utilized to maximize their impact. Because each call represents an investment, and financial professionals often aim to optimize their spending to ensure a favorable return on investment.
Would argue it is more of a time investment than a monetary investment at a scaled fund; you are looking to allocate your time to the highest ROI activities in your diligence process. The 1k seems pretty marginal, at least at the fund I’m at.
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