Re-Founding Incumbents for the AI Era with Sequence Holdings Co-Founder and CEO Michael Lee
Summary
Michael Lee, co-founder of Sequence Holdings, discusses the firm's $7.7 billion AI take-private deal with the Baldwin family office. He explains how Sequence partners with incumbents to refound businesses using frontier engineering, arguing that ownership is essential for deep transformation unlike traditional PE or vendor models. Lee details the firm's "Atlas" platform and its success at Bank South, where AI agents reduced underwriting time by 94% and doubled loan volumes without increasing headcount.
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