Confidence scoring tips for due dilligence

September events for founders and investors

Author

Michael Morgenstern
August 27, 2024

Happy Tuesday Brex community,

When you're going through a due diligence process, it's vital for founders to understand the importance of confidence scoring. Each day of diligence should build the investor's confidence across key areas: Market Opportunity, Customer Profile, Value Proposition, Competitive Differentiation, Go-To-Market Strategy, Team, Economic Model and Momentum, Deal Dynamics, and Exit Landscape.

If your first diligence call shows the investor's confidence at just 25%, your mission is to elevate that score to at least 75% before they take the opportunity to their investment committee. Each meeting should bring more clarity and conviction, so don’t end a session without understanding where they stand on these critical points.

For those interested in diving deeper into how investment committees work and how investors evaluate opportunities as we close summer ‘24, we'll be discussing these topics in detail at our upcoming events!

Growing together, Michael Morgenstern

  • Brex Supper Club 8/28 in Brooklyn

    Designed as a private conversational dinner for Brooklyn based clients of Brex

    Apply Here Brex Host: Ilias Benabdallah

  • Brex Connect 9/10 in NYC

    Designed as private evening gathering of VC backed founders and General Partners of VC firms to celebrate the growing NYC startup community. If you raised a VC round in 2024 or lead a VC firm, please email the host at [email protected] to learn more

    Brex Host: Shai Goldman

  • Brex Supper Club 9/16 in Brooklyn

    Designed as a private conversational dinner for NYC founders and investors

    Apply Here Brex Host: Michael Morgenstern

  • Brexfast Club - Climate Tech Week 9/24 in NYC

    Designed as Brexfast for Founders and VCs in the climate space

    Apply Here Brex Host: Shai Goldman

Ebru Yıldırım Gul is the co-founder of Ollang

Ollang is transforming the $74 billion localization market by addressing inefficiencies and high costs associated with the decentralized nature of the language localization industry. Challenges include selecting the right AI and LLMs from over 3,000 options, protecting IP and security for enterprises in sectors like banking, healthcare, and media & entertainment, and validating AI results with HITL (human in the loop) across various departments. Ollang offers a comprehensive infrastructure software solution for AI-driven localization. The OLabs Platform streamlines workflows with an intuitive interface, allowing users to easily switch between different LLMs and AIs without writing a single line of code. Ollang also helps enterprise customers integrate existing AI models, create unique AI voices, and fine-tune AI models with their own data to achieve higher accuracy and performance in over 100 languages.

Ambassador's Perspective: Ollang is revolutionizing the AI localization industry by centralizing the process and delivering transparent, scalable solutions. With the integration of all translation LLMs and AIs under a single platform, Ollang offers a user-friendly interface that requires no coding from customers, positioning itself as a game-changer in the market.

Patricia Wexler is the founder and General Partner at Avila

Avila is a Miami-based venture capital firm leaning into the massive supercycle of rebuilding our $100T economy sustainably. Avila shuns ideological extremes, backing founders using transformative technologies that reflect our economic realities and pursue an abundant future.

Avila's portfolio includes Emrgy, Plexigrid, Flexnode, Vammo, and Aionics. The firm’s focus extends across the Americas, Europe, and Israel.

The financial stack you can bank on. Trusted by 1 in 3 US startups, Brex allows you to manage your spend from MVP to IPO. Interested? Sign up here using the referral code NEWSLETTER and get 25,000 bonus points, $5K AWS credits, $2.5K OpenAI credits and up to $150K in SaaS discounts.

Don’t hesitate to reach out,🦾!