Re-Founding Incumbents for the AI Era with Sequence Holdings Co-Founder and CEO Michael Lee

Sequence Holdings uses permanent capital and an engineer-first culture to acquire and rebuild incumbents with AI, evidenced by BankSouth's 94% faster underwriting and the $7.7B Baldwin take-private.

• $7.7B take-private: Sequence Holdings partnered with the Dell family office to take Baldwin Insurance Group private for $7.7 billion, the largest AI take-private to date, with Michael Dell and Dan Battar underwriting the deal.
• Holding company thesis: Sequence buys incumbents (rather than building startups) in industries where scale, relationships, and regulation favor the incumbent, then rebuilds them with 'frontier engineering' and permanent capital.

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