Hult Alumni Magazine | Page 102

ALUMNI COMMUNITY Elena Nosova & Andrew Ponomar 40 under 40 by the M&A Advisor, NY Elena Nosova MBA, Class of 2014, Chairwoman, Enter Capital Andrew Ponomar MBA, Class of 2014, CEO, Enter Capital Completing a MBA and starting a successful business is tough at the best of times, but doing it with your spouse is tougher still. Here, the Hult power couple explain how their two heads have definitely proved to be better than one. Tell us more about Enter Capital and the idea behind the firm. Enter Capital is a buyout and M&A advisory firm focused on the technology and media industries. We deploy over USD $3 billion from multi-strategy private equity funds across the U.S. and advise companies on cross-border M&A transactions. Enter Capital was born out of Hult’s 2014 entrepreneurship class as a technology platform for private equity funds. Despite securing some early funding from an accelerator program, we realized that we could bring more to the table as investment professionals rather than operating in a purely software company capacity. You’ve been involved in various roles as tech entrepreneurs and investment experts during your careers. Tell us about your experiences pre-Hult and what you hope to take on next. Prior to Hult, Andrew was Head of an Investment Analysis Department at a USD $1 billion private equity fund. He has also been an investment banker and a consultant at KPMG. Elena was formerly an IR professional at a Global Fortune 50 company, and an EY and PwC consultant. Our accumulated experiences have allowed us to see the finance and investment industries from different angles, which has definitely helped us to be more creative at Enter Capital. We are big believers in AI—without leveraging these sort of technologies we would join the ranks of dozens of other private equity advisory firms currently on the market. Employing AI allowed us to break into the club of a few innovative companies who are automating industry processes. 102 How does it feel to be recognized as a 40 under 40 Dealmaker and 40 under 40 IR Professional by the M&A Advisor? It feels good to be on the same list as the SVP of PIMCO with assets under management over USD $1 trillion, SVP of Wedbush, Partner at EY, and many other acclaimed professionals in the U.S. It has certainly opened up tremendous business networking and partnership opportunities to us. Your firm has developed software known as IVY to help manage deal flows. How do you intend to deploy more AI in the investment process? We believe that AI can do some routine tasks better than humans. For example, the technology mimics all the processes that we follow when we evaluate a potential acquisition target. In the U.S. alone, there are over half a million companies that might be a fit for potential acquisitions. To analyze such a huge number of companies would take an analyst more than 42 years. With IVY we can do it in a few weeks. It is like having a real investment associate who has graduated from an Ivy League school, but who works much faster and without breaks.