S9E7 - Prath Reddy | Unlocking the Future of Private Credit

That's cool.

I love it.

One of the things...

So you mentioned your co-founder is doing AI now.

Yeah.

One

of the things I'm curious about, I mean, AI is obviously a huge buzzword.

And as I think about those four Ds, I'm often thinking about going to AI first.

So the four Ds, I think, may have come from David Allen's Getting Things Done, where he talks about do, defer, delegate.

Exactly.

And so one of the things that we talk about here is... eliminate automate delegate so you know we talk about hey your delete is eliminate right like is this something i could just not do and then if it's something that needs to be done the next thing is can you automate it can a machine do it and then if it's a machine can't do it then the third question is you know can i delegate it or defer it which i think is the combination of the four d's yeah so tell me about how you're using ai and you know what what are you what are you automating are you delegating things to ai

Yeah.

So personally, I do use a lot of AI, right? So I'm, you know, my cloud's open right now.

And, you know, for me, it's a lot of like the initial analysis is kind of pulling research together.

It's maybe giving like, you know, first draft of something that, you know, I need to work on really getting me to like, you know, first, second or third base, depending on what it is.

So certainly for me, the do is now do I do it manually or do I do it in an assisted fashion with AI? And, you know, I'd say, More often than not, it's assisted because it just gets you to places quicker, right? So that's for me personally.

At the company, we're very AI forward.

So for the past several years, our very talented engineering and product team has come up the curve significantly.

And so just to give you an example there, Percent.com, we spent about seven and a half years building the entire marketplace platform.

And, you know, all done with first principles in mind, it's very robust, it's compliant.

And then very recently, as of last week, we launched a new product vertical called PCTX.

And PCTX is like institutional trading venue that, you know, lifts a lot of the services that we've been developing over the years.

But, you know, it's really targeted to a different audience with a different feel and different look.

and that took six weeks to build from scratch as a standalone platform so it just goes to show you like you know these days it's it's you know building software i don't want to say it's commoditized but it's certainly you know it's a lot easier to do um but the network effects matter the most and so you need to have like a really sound business model around it

That's cool.

I love it.

One of the things...

So you mentioned your co-founder is doing AI now.

Yeah.

One

of the things I'm curious about, I mean, AI is obviously a huge buzzword.

And as I think about those four Ds, I'm often thinking about going to AI first.

So the four Ds, I think, may have come from David Allen's Getting Things Done, where he talks about do, defer, delegate.

Exactly.

And so one of the things that we talk about here is... eliminate automate delegate so you know we talk about hey your delete is eliminate right like is this something i could just not do and then if it's something that needs to be done the next thing is can you automate it can a machine do it and then if it's a machine can't do it then the third question is you know can i delegate it or defer it which i think is the combination of the four d's yeah so tell me about how you're using ai and you know what what are you what are you automating are you delegating things to ai

Yeah.

So personally, I do use a lot of AI, right? So I'm, you know, my cloud's open right now.

And, you know, for me, it's a lot of like the initial analysis is kind of pulling research together.

It's maybe giving like, you know, first draft of something that, you know, I need to work on really getting me to like, you know, first, second or third base, depending on what it is.

So certainly for me, the do is now do I do it manually or do I do it in an assisted fashion with AI? And, you know, I'd say, More often than not, it's assisted because it just gets you to places quicker, right? So that's for me personally.

At the company, we're very AI forward.

So for the past several years, our very talented engineering and product team has come up the curve significantly.

And so just to give you an example there, Percent.com, we spent about seven and a half years building the entire marketplace platform.

And, you know, all done with first principles in mind, it's very robust, it's compliant.

And then very recently, as of last week, we launched a new product vertical called PCTX.

And PCTX is like institutional trading venue that, you know, lifts a lot of the services that we've been developing over the years.

But, you know, it's really targeted to a different audience with a different feel and different look.

and that took six weeks to build from scratch as a standalone platform so it just goes to show you like you know these days it's it's you know building software i don't want to say it's commoditized but it's certainly you know it's a lot easier to do um but the network effects matter the most and so you need to have like a really sound business model around it