- $10B+ in revenue
- 80%+ of the F500 as clients
- Hard to get a job there. (<1% of applicants get hired)
Hmm... something interesting I learned from my buddy @RomeenSheth about McKinsey.
I thought they are just a stale boring consulting co
But he told me they've acquired a ton of software co's & now have a $100M ARR tech portfolio now (!)
I'll let him explain - guest thread!
- $10B+ in revenue
- 80%+ of the F500 as clients
- Hard to get a job there. (<1% of applicants get hired)
Clients are demanding “value based” billing. Meaning less "guys in suits talking" and more "show me something tangible"
So McKinsey acquired Orpheus - a software co that does analytics for procurement.
Instead of advice, they give them a tool (a real solution)
Why?
DISTRIBUTION: 80% of the Fortune 500 already works with them, and their brand is known by every CEO in america.
PRICING POWER: they can bundle the software in with a much larger consulting contract.
Vertical: Solves for a problem widely observed in an industry (eg. Pharmaceutical Co.)
Horizontal: Solves for a problem for a division that all companies have (eg. HR)
Billions in revenue, and consulting margins are 70%+
They can take that cash and re-invest it into tech, that makes them even more valuable.
It wouldn’t surprise me if McKinsey builds a $25B+ software portfolio over the next 10 years. There’s a very quiet (but massive) business model transformation playing out
Shoutout to @RomeenSheth for the insights. Follow him!
Orpheus
Numetrics
Veryday
Lixto
QuantumBlack
4Tree
Lunar
VLT Labs
via @MBentivoglio
More from Shaan Puri
Reading this article, the story sounds pretty wild. But I spent a weird amount of time with Martin Shkreli, and I’m not surprised the journalist fell in love w him
A few years back my team built an app called Blab. It was like clubhouse before clubhouse.
When he first joined the app I had no idea who he was. I just saw that his live streams instantly had 3-4K viewers. More than anyone on our tiny platform.
I googled him and it came up: “Martin Shkreli, most hated man in America”
I assumed he was bad news
And he was... but also he wasn’t.
He was a douchebag, but he was in on the joke. He was a dick, but he was also very entertaining.
In the mornings he would live stream himself analyzing stocks or walking through drug discovery pathways.
In the afternoon he’d let people call in and debate him live on air. A CNN reporter tried to get him to go on TV, he refused, and said debate me here on Blab, no edits, no tv time limits.
At night he’d host late night convos - and eventually fall asleep on cam
The guy was a pain in the ass but man he drove traffic.
We had big celebs like Tony Robbins, the Jonas brothers etc... he outperformed them all.
At one point he was bringing in 100k users per month directly to his channel. And Bc he was so entertaining, they stuck.
A few years back my team built an app called Blab. It was like clubhouse before clubhouse.
Christie Smythe covered white-collar crime for Bloomberg News and lived "the perfect little Brooklyn life" with her husband. Then she threw it all away for one of her sources: infamous pharma bro Martin Shkreli. https://t.co/Xk0zXmYkgF
— ELLE Magazine (US) (@ELLEmagazine) December 20, 2020
When he first joined the app I had no idea who he was. I just saw that his live streams instantly had 3-4K viewers. More than anyone on our tiny platform.
I googled him and it came up: “Martin Shkreli, most hated man in America”
I assumed he was bad news
And he was... but also he wasn’t.
He was a douchebag, but he was in on the joke. He was a dick, but he was also very entertaining.
In the mornings he would live stream himself analyzing stocks or walking through drug discovery pathways.
In the afternoon he’d let people call in and debate him live on air. A CNN reporter tried to get him to go on TV, he refused, and said debate me here on Blab, no edits, no tv time limits.
At night he’d host late night convos - and eventually fall asleep on cam
The guy was a pain in the ass but man he drove traffic.
We had big celebs like Tony Robbins, the Jonas brothers etc... he outperformed them all.
At one point he was bringing in 100k users per month directly to his channel. And Bc he was so entertaining, they stuck.
More from Tech
On press call, Zuckerberg says FB users "naturally engage more with sensational content" that comes close to violating its rules. Compares it to cable TV and tabloids, and says, "This seems to be true regardless of where we set our policy lines."
Zuckerberg says FB is in the process of setting up a "new independent body" that users will be able to appeal content takedowns to. Sort of like the "Facebook Supreme Court" idea he previewed earlier this year.
Zuckerberg: "One of my biggest lessons from this year is that when you connect more than 2 billion people, you’re going to see the good and bad of humanity."
This is how Facebook says it's trying to change the engagement pattern on its services. https://t.co/3p0PGc912o
.@RebeccaJarvis asks Zuckerberg if anyone is going to lose their job over the revelations in the NYT story. He dodges, says that personnel issues aren't a public matter, and that employee performance is evaluated all the time.
Zuckerberg says FB is in the process of setting up a "new independent body" that users will be able to appeal content takedowns to. Sort of like the "Facebook Supreme Court" idea he previewed earlier this year.
Zuckerberg: "One of my biggest lessons from this year is that when you connect more than 2 billion people, you’re going to see the good and bad of humanity."
This is how Facebook says it's trying to change the engagement pattern on its services. https://t.co/3p0PGc912o
.@RebeccaJarvis asks Zuckerberg if anyone is going to lose their job over the revelations in the NYT story. He dodges, says that personnel issues aren't a public matter, and that employee performance is evaluated all the time.
THREAD: How is it possible to train a well-performing, advanced Computer Vision model 𝗼𝗻 𝘁𝗵𝗲 𝗖𝗣𝗨? 🤔
At the heart of this lies the most important technique in modern deep learning - transfer learning.
Let's analyze how it
2/ For starters, let's look at what a neural network (NN for short) does.
An NN is like a stack of pancakes, with computation flowing up when we make predictions.
How does it all work?
3/ We show an image to our model.
An image is a collection of pixels. Each pixel is just a bunch of numbers describing its color.
Here is what it might look like for a black and white image
4/ The picture goes into the layer at the bottom.
Each layer performs computation on the image, transforming it and passing it upwards.
5/ By the time the image reaches the uppermost layer, it has been transformed to the point that it now consists of two numbers only.
The outputs of a layer are called activations, and the outputs of the last layer have a special meaning... they are the predictions!
At the heart of this lies the most important technique in modern deep learning - transfer learning.
Let's analyze how it
THREAD: Can you start learning cutting-edge deep learning without specialized hardware? \U0001f916
— Radek Osmulski (@radekosmulski) February 11, 2021
In this thread, we will train an advanced Computer Vision model on a challenging dataset. \U0001f415\U0001f408 Training completes in 25 minutes on my 3yrs old Ryzen 5 CPU.
Let me show you how...
2/ For starters, let's look at what a neural network (NN for short) does.
An NN is like a stack of pancakes, with computation flowing up when we make predictions.
How does it all work?
3/ We show an image to our model.
An image is a collection of pixels. Each pixel is just a bunch of numbers describing its color.
Here is what it might look like for a black and white image
4/ The picture goes into the layer at the bottom.
Each layer performs computation on the image, transforming it and passing it upwards.
5/ By the time the image reaches the uppermost layer, it has been transformed to the point that it now consists of two numbers only.
The outputs of a layer are called activations, and the outputs of the last layer have a special meaning... they are the predictions!
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Speech Delay is most common in children nowadays
In ancient times, our grandparents used to follow typical natural way of caring the needs of a child. All they used were more of natural products than chemical based for the growth of child.
One of major step followed was to feed Gurbach Jadd/ Vasa Kommu/ Acorus Calamus for initiating good speech ability in a child. This stem was needed to babies on Tuesdays and Sundays in mother's milk.
Vasa is feed to baby after the 1st bath on 12th day in week. Weekly only thrice it is fed and named as :
Budhwar - Budhi Vasa
Mangalwar - Vaak Vasa
Ravi Vaar - Aayush Vasa
This stem is burnt and rubbed against the grinding stone in mother's milk or warm water to get a paste
The procedure to make it is in the link
https://t.co/uo4sGp7mUm
It should not be given daily to the child. Other main benefits are
1. It clears the phlegm in child's throat caused due to continuous milk intake. It clears the tracts and breathing is effortless.
2. Digestion
For children who haven't got their speech and is delayed than usual should feed this vasa on these days in week atleast for 6months. Don't get carried away with this dialogue
"Some gain speech little late"
In ancient times, our grandparents used to follow typical natural way of caring the needs of a child. All they used were more of natural products than chemical based for the growth of child.
One of major step followed was to feed Gurbach Jadd/ Vasa Kommu/ Acorus Calamus for initiating good speech ability in a child. This stem was needed to babies on Tuesdays and Sundays in mother's milk.
Vasa is feed to baby after the 1st bath on 12th day in week. Weekly only thrice it is fed and named as :
Budhwar - Budhi Vasa
Mangalwar - Vaak Vasa
Ravi Vaar - Aayush Vasa
This stem is burnt and rubbed against the grinding stone in mother's milk or warm water to get a paste
The procedure to make it is in the link
https://t.co/uo4sGp7mUm
It should not be given daily to the child. Other main benefits are
1. It clears the phlegm in child's throat caused due to continuous milk intake. It clears the tracts and breathing is effortless.
2. Digestion
For children who haven't got their speech and is delayed than usual should feed this vasa on these days in week atleast for 6months. Don't get carried away with this dialogue
"Some gain speech little late"
