#60 Building the future of automotive retailing AI, Pivoting from fashion to cars, Acquiring a tech company in Eastern Europe | Devin Daly, CEO of Impel

In this episode, I'm speaking with Devin Daly, CEO of Impel

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Topics:
(00:00:00) - Intro
(00:02:23) - Devin’s career and Building Impel
(00:03:55) - Pivoting to auto
(00:06:28) - Did you come from an entrepreneurial family?
(00:07:15) - The evolution of the company
(00:09:21) - How are dealers using this data?
(00:11:36) - What are you building to help dealerships keep evolving?
(00:13:13) - Thoughts on AI 
(00:21:48) - Where are you seeing the biggest impact from AI implementation?
(00:23:18) - Raising $130m and acquiring a business in the Republic of Georgia
(00:26:59) - Where are we headed with AI and the dealership?
(00:28:12) - Where are you seeing customers the most frustrated with the dealership experience? 
(00:29:15) - What role does licensing play in all of this work?
(00:30:52) - Partnering with ACV Auctions
(00:33:35) - What do the next 5 years look like for our industry?
(00:34:46) - What is your most popular product?
(00:35:59) - Having a high bar for acquisitions
(00:37:20) - “Oh sh*t” moments
(00:38:22) - What products are most important to manufacturers right now

Check out Impel here.

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This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.