Categories
Insight News

NextSTOP Consulting Purchases AI-Powered Modeling Program To Help Its Clients Allocate Resources For Growth

Chicago, IL — 11.2 Ventures, LLC, announced that its AI-driven platform, p3rceive, is being adopted by NextSTOP Consulting, a New York-based consultancy specializing in the digital transformation of small and medium-sized companies, to enhance its services. With p3rceive, NextSTOP Consulting can enable its clients to set a target for sales or revenue and identify the obstacles to getting there. By automating natural language descriptions for each model it generates—including highlighting where resources are either overallocated or underutilized—p3rceive translates sophisticated statistics into clear, actionable information for decision-makers.

 

Bob Bonomo, NextSTOP’s Founder and CEO, called p3rceive “a great new tool for our clients. Never before have they been able to input different resource allocations and receive a percentage likelihood that that arrangement would achieve the goals they’ve set. The ability to test out various distributions of human capital and time before they make any changes in the real world is an invaluable tool.”

 

11.2 Ventures Co-founder Dmitry Valbe commented, “We are proud that Bob and his team will be using our platform to help their clients make truly informed decisions about their path for growth. While the math behind p3rceive is complicated, we’ve developed the platform to be extremely easy to use. We believe it will make an immediate difference for companies interested in data- and probability-based decision-making.”

 

P3rceive is one of the first companies generated by 11.2 Ventures, LLC, the Chicago-based venture builder studio (VBS). The VBS model was developed to improve the success rate of early stage startups by seeding, growing, and launching its own companies in-house. Drawing on the expertise of its management team and executive board, 11.2 Ventures was engineered to overcome each of the major causes behind the dismal tech startup failure rate—including poor market fit and dysfunctional leadership teams. As 11.2 Ventures Co-founder Kurt Johnson remarked, “p3rceive is the result of 11.2’s co-founders’ combined market expertise, collaborative leadership, and focused management. The NextSTOP deal is a great validation for us and for the VBS model overall.”

 

 

About NextSTOP Consulting

NextSTOP is a boutique consulting firm strictly focused on the digital transformation needs of small and medium-sized businesses. Utilizing their Digital PathfinderTM Model, NextSTOP formalizes and executes each client’s unique digital transformation strategy. As a “Technology General Contractor,” NextSTOP provides clients with a single point of contact for strategy development and program management, while seamlessly integrating best-in-class business and technology experts from their Global Partner Exchange Network, whose growing membership focus areas include Infrastructure; Cyber Security; Web, Mobile and Cloud software development; Machine Learning; Big Data and Analytics; Blockchain; AI; DevOps and Robotic Process Automation. 
For more information, visit: 
https://www.nextstopconsulting.com/.


About p3rceive

P3rceive is a sales capacity planning tool that offers its users a dynamic, multi-variable, probability-based model of future sales—while also identifying the specific allocation of resources needed to get there. Tying a company’s sales revenue range to its unique inputs—not just sales hours but also the legal team’s time; not just production but also distribution—p3rceive instantly maps out 10,000 probable outcomes for each change in a sales variable and gives the probability that the desired outcome will be reached. Harnessing Bayesian statistics and powerful math, this software allows sales executives and the C-suite to calibrate resources with certainty rather than intuition, making p3rceive the first software to accurately model—and optimize for—growth. For more, please visit https://p3rceive.com.

Categories
News

Venture Builder Studio 11.2 Ventures Acquires Assets of K8 Ventures to Accelerate Growth of AI-Based Portfolio Companies

Acquisition strengthens position of pioneering venture builder studio, brings new companies under its LIFECYCLE planning approach

 

CHICAGO–(BUSINESS WIRE)–11.2 Ventures ( www.11-2ventures.comone of only a handful of venture builder studios (VBS) in the U.S., has recently acquired the assets of Chicago-based K8 Ventures for $9.65 million. This acquisition enables 11.2 Ventures to apply K8’s assets across multiple portfolio companies, speeding those companies’ development and validating 11.2 Ventures’ unique LIFECYCLE approach.

“Early stage venture is increasingly undercapitalized. Flight from early stage venture is not only a missed opportunity for investors, but it hinders a vital driver of our country’s economic growth,” said Kurt Johnson, 11.2 Co-founder, CEO and Managing Partner. “Thriving in this space is more than a thesis. Success requires world-class leaders and operators aligning their respective vision, experience, and capabilities around building, scaling, and exiting meaningful early stage businesses.”

 

Greg Williamson, 11.2 executive board member and Head of Strategy at Pluribus Labs added, “the laddered LIFECYCLE drives diversification while improving cash flow management and portfolio company investment decisions. It’s one of the most exciting recent developments in venture capital risk management, and I’m thrilled to be part of it.”

 

The recent acquisition comprises four companies created by K8, including a first-of-its-kind AI-driven business model forecasting tool for executives. Other acquired assets include three additional companies, two joint ventures, and numerous investments in strategic enterprises. Both K8’s and 11.2’s ventures are largely driven by AI, specifically AI focused on natural language processing/understanding and computer vision. This technology is designed from the outset to be scalable and applicable across various portfolio ventures. This guiding principle, as well the fact that 11.2 is not a stakeholder in its portfolio ventures but rather their operator, means that it can use platforms developed for agriculture, energy, fintech, life sciences, and smart manufacturing to enhance or inform its other portfolio companies. As with its optimization of investor returns through its LIFECYCLE strategy, this version of the venture builder studio maximizes the value of a technological breakthrough by extending or retraining it for multiple applications.

 

As an operating company that seeds and grows its own technologies, a venture builder studio requires a diversified team with expertise and success in various industries. It is critical that this team have on-the-ground operator experience as well. According to Richard Rice, CEO of March Capital Corporation, “11.2 Ventures is led by a management team with deep industry and functional experience as well as diversified expertise, particularly in data science and general business management. This leadership is part of the reason I signed on to be an executive board member.” In addition to Greg Williamson and Richard Rice, Muhammad Azfar, CEO and Managing Partner of Auctus Capital Partners, has also joined the executive board of 11.2 Ventures to assist in growing and guiding the venture.