Tricapital Angels

AI for Angel Investors

What it is. What it can do. How Tricapital will use it.
Part 1 of 3

The theory, in six minutes.

What an LLM is, why it works now, what it can and cannot do.
Tricapital Angels
Part 1 · Theory
In 60 seconds

What an LLM actually is.

A Large Language Model is a very large statistical pattern matcher trained on text. It learns to predict the next piece of text given everything it has read so far.

Input

A prompt

Your question, document, or instruction, broken into tokens (word fragments).

The model

Billions of parameters

Patterns learned from a large slice of the public internet, books, and code.

Output

The next token

Predicted one piece at a time. Repeated thousands of times, it becomes prose, code, or reasoning.

Click any card for examples and detail.

Tricapital Angels
Part 1 · Theory
The inflection

Why now.

A simple idea (predict the next word) became a useful colleague because three things grew together: model size, training data, and compute.

2017
Transformer architecture published ("Attention Is All You Need").
2022
ChatGPT brings LLMs to the public. 100m users in two months.
2024
Long context, tool use, multimodal input. Models read whole documents.
2026
Agents that plan, browse, and act. Useful for real knowledge work.

Today's frontier

Claude (Anthropic) Gemini (Google) GPT (OpenAI) Grok (xAI) Llama (Meta, open weights) Mistral

Click any model for a short profile.

Tricapital Angels
Part 1 · Theory
What it does well

The four capabilities that matter for angels.

  1. Reading and summarising long documents. Pitch decks, term sheets, contracts, financial statements, founder emails.
  2. Writing. Investment memos, IC notes, founder follow-ups, red flag lists, term sheet redlines.
  3. Reasoning over structured data. Cap tables, valuation scenarios, sensitivity on key assumptions, projection sanity checks.
  4. Research and synthesis. Market sizing, competitor scans, founder background, customer signal, regulatory landscape.
Tricapital Angels
Part 1 · Theory
Be honest

What it does badly (and the risks).

Risk 1

Hallucination

Confidently wrong answers, plausible citations that do not exist. Always verify any fact that will affect a decision or a number.

Risk 2

Confidentiality

Free and consumer tiers may retain or train on your inputs. Use enterprise modes (zero retention) for sensitive deal material.

Risk 3

Recency

Models have a knowledge cutoff. For current market data, use a tool that has live web search.

Risk 4

Averaging

Output reflects the average of the training data. Edge insight, contrarian takes, and local context still come from us.

Click any risk for a real example.

Part 2 of 3 · Live demos

Three tools.

1
Claudeclaude.ai
Anthropic
2
Geminigemini.google.com
Google
3
NotebookLMnotebooklm.google.com
Google
Part 3 of 3

How Tricapital will use AI.

A co-pilot for screening, due diligence, and member workflow. Not a replacement for member judgement.
Tricapital Angels
Part 3 · Tricapital
Practical, concrete, starting now

Four use cases for Tricapital.

Use case 1

Quick DD

Every inbound deck gets a 10-minute DD report, scored against Tricapital criteria, before it reaches the screening committee.

Use case 2

Due diligence

Founder and company background, market validation, competitor scan, and a red flag check, drafted by AI and reviewed by the lead.

Use case 3

Investment director reporting

Consistent, common scoring across the portfolio. AI-assisted reports give every investment director the same structure and benchmarks, so portfolio comparisons are like-for-like.

Use case 4

Learn from ourselves

A notebook over Tricapital's own deal history, memos, and post-mortems. We get better by remembering what we have already seen.

Dealum dealroom 4299 remains the system of record. AI is the layer that helps us think about what is in it.

Tricapital Angels
Part 3 · Tricapital
Guardrails

What we are not doing.

Next step

Pilot a quick-DD pass on the next batch of inbound deals. Share results back to members at the following meeting.

Tricapital Angels

Questions.

Thank you
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