
Risk Management Show · 2026-06-08 · 31 min
Are you a founder looking to scale your business without falling into the valuation trap? In this episode, Jim Ferry, partner at Volition Capital breaks down the shifting landscape of growth equity and why staying ahead of AI is no longer optional for modern leaders. Jim shares his unique journey from analyst to partner at a 2 billion dollar growth equity firm. He explains the difference between early stage venture and late stage buyouts, highlighting why capital efficiency is the key to sustainable success in today's unpredictable market. We dive deep into how AI is creating a divide between the haves and the have-nots in the startup world. Learn why hardware enabled software is back in favor as a moat against AI and how pure SaaS models must adapt their pricing and workflows to survive the disruption of frontier models like OpenAI and Anthropic. Jim also offers crucial advice on founder and investor alignment. Discover why the highest valuation isn't always the best deal and how to avoid the common pitfalls that can leave founders with significant dilution after a massive exit.