He made US$950 million finding Japan’s ageing business owners successors with AI
South China Morning Post
23-05-17 06:17
Shares of M&A Research Institute, a company that uses AI to match small and medium-sized business owners with successors in Japan who can keep the firms open, have surged, making 32-year-old founder Shunsaku Sagami a billionaire. The company aims to tackle the issue of closure of profitable businesses when there is no clear successor identified. It uses AI and its proprietary data to close deals in between 49 days and six months and charges up to 5% in fees for a successful closure, unlike some competitors who charge retainer fees even if deals don’t ultimately materialise.