Advisors to
PayPal Ventures
Quadrille Capital
TomCat Ventures
The Good Ones
Why us
Good diligence is slow, expensive, or impossible to check.
We check a company before you invest in it: its market, its business, its product and its technology. You get a clear verdict, and you can see where every finding comes from.
Consulting firms
Thorough, but slow and costly.
Weeks of work and a six-figure bill. Worth it for a large buyout, out of reach for most deals.
Generic AI tools
Fast, but hard to trust.
You get an answer in minutes, but you cannot tell where it came from, so it will not hold up in front of an investment committee.
TheDiligence
Fast, trustworthy, with an operator's judgement.
Specialist AI agents do the research, a second AI checks it, and the two operators who wrote the method are there when a deal needs them. Prices start at zero.
How it works
How a diligence runs
Four steps. The AI does the reading and the checking, and people make the decisions.
Name the company
Add what you already have: a deck, a data room, notes from calls. A name alone is enough to start.
Why it matters: you start in minutes, with no setup.
Specialist agents do the research
One agent for the market, one for the company, one for the product, one for the technology, all working at once.
Why it matters: every area gets full attention, in hours rather than weeks.
Every finding is checked
An AI from a different provider checks each finding against its source, and flags what it cannot confirm.
Why it matters: one AI's mistakes do not reach your memo.
Then, people talk to people
You get a memo with a verdict and its evidence. Then the real conversations: customers past and present, competitors, the team. An operator knows what to ask, and hears when an answer does not add up. Do it yourself, or with us.
Why it matters: AI reads what was written. People hear what was left unsaid.
Who we are
Two investor-operators, both halves of the question.
Every investment comes down to two questions: does the product work, and does the business make money? Each of us has run one of those halves at scale, at PayPal and at Amazon. We wrote the method, and we review the work when you bring us in.
Ismael Ghozael · Paris · Product and technology
Does the product work?
- Do customers stay, and why?
- What breaks when usage grows ten times?
- Does the technology back what the deck claims?
Led PayPal's payments platform, $1.3T in volume and 35M merchants, and its international expansion. Delivered $100M a year in product-led incremental margin. Today runs digital platform and product for the world's largest sports retailer. Berkeley MBA.
Mazen Wazni · London · Commercial, P&L and turnarounds
Does the business make money?
- Are the unit economics real?
- Will customers, suppliers and channels hold?
- What do we fix in the first 100 days?
Most recently General Manager of Amazon Business Retail Europe, a multi-billion B2B ecommerce platform. Before Amazon, grew a consumer goods business in Africa from zero to $100M. IMD MBA.
We go deepest in fintech, B2B and B2C commerce, retail and consumer brands.
Read our full storyWhat you get
A memo you can take to your investment committee.
Every finding carries a label, so your committee knows what to rely on and what to probe.
- VerifiedChecked against an original document, such as a filing or the company's own data.
- ReportedFrom a credible source, such as a customer interview, that we could not check ourselves.
- EstimatedOur own estimate, and labelled as one.
And a list of what is still missing, with who to ask for it.
Northwind · Investment memo
Illustrative example
Verdict
Invest, if onboarding is fixed.
Confidence
Medium
Customers who stay past nine months rarely leave.
Source: the company's revenue data, 24 months
Two of the three largest customers renegotiate prices every year.
Source: interviews with two customers
Mid-sized buyers are moving from single tools to platforms.
Source: one analyst estimate, so treat with care
Still needed
Management accounts for the last 24 months. Ask the founder.
Three ways to work with us
Use it on your own, or with us alongside.
Follow our method on your own, run it on our platform, or bring us in. Every route ends with the same memo, so you can move up whenever a deal needs it.
Prices in
01 · On your own
The method
Free
Our full method, written down step by step. Run it in your own AI assistant, such as Claude, and keep it as yours.
- Every step and every rule, in plain documents
- No account and nothing to pay
For anyone who wants to learn it or do it all themselves.
Get the method02 · On our platform
The platform
Free, then from €149 a month
The method with everything set up for you. Agents work in parallel, a second AI checks their work, and your memo updates itself when new data arrives.
- One diligence a week on the free plan
- Your team approves each key step
For teams that look at deals often.
Start free03 · With us
Hire us
From €2,500 per deal
We run the diligence with you and review every finding before your committee sees it.
- A screen in about a week
- A full diligence in two to three weeks
- Interviews with customers, including those who left
- A 100-day plan after the deal
For funds and corporates with a live deal.
Book time with usNot sure where to start? Start free, and talk to us when a deal needs more depth. We will suggest the right level for it.
Prices exclude VAT. On the platform, your AI provider bills its usage to you directly, and you see the estimate before anything runs. For work with us, we agree a fixed price before we start.
Questions
What people ask us first.
Why not just use Claude or ChatGPT?
You can, and our method runs in Claude. What we add is the structure: a specialist agent for each area, a second AI checking each finding, every claim graded and sourced, and a memo your committee can read. The platform adds a workflow your team shares across a deal or a whole portfolio, and a secure vault for your evidence and memos.
If the method is free, why pay for the platform?
The method tells you what to do. The platform does it for you: it runs the agents at the same time, has a second AI check their work, keeps your evidence in one place, updates the memo when new data arrives, and lets your team approve each step. If you would rather run the method in your own AI assistant, go ahead: that is why it is free.
Can I use my Claude subscription?
For the free method, yes: install it in Claude and run it within your plan. The platform connects to your AI provider's developer account instead, and the provider bills its usage to you directly.
What does the AI usage cost?
A small part of the total. You see an estimate before anything runs, and you set a cap that the run will not cross.
Who can see my documents?
Only your team. Agents work in isolation, never hold your keys, and cannot send anything out. The security page has the detail.
When should I hire you instead?
When the deal is large, when you need customer interviews, or when your committee wants an operator's view. You can start on the platform and bring us in for the deals that matter most.
Security
Your data stays yours.
Platform in preview. These are the rules it launches with.
No agent holds your keys
Sign in with your AI provider where it allows it, or add a key once. Agents only get a short-lived pass, and you can revoke access at any time.
Private notes stay private
Partner notes sit in a vault encrypted in your browser. An agent reads a note only when you share it, for one company.
Nothing leaves without you
Agents cannot send, post or email anything. Every export is yours to approve.
