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.
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.
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.
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.
What it does well
The four capabilities that matter for angels.
- Reading and summarising long documents. Pitch decks, term sheets, contracts, financial statements, founder emails.
- Writing. Investment memos, IC notes, founder follow-ups, red flag lists, term sheet redlines.
- Reasoning over structured data. Cap tables, valuation scenarios, sensitivity on key assumptions, projection sanity checks.
- Research and synthesis. Market sizing, competitor scans, founder background, customer signal, regulatory landscape.
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.
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.
Guardrails
What we are not doing.
- Not replacing member judgement. AI drafts, members decide.
- Not feeding confidential founder material into consumer free tiers. Enterprise, zero-retention modes only for sensitive material.
- Not making investment decisions on AI output alone. It is a co-pilot, not the pilot.
Next step
Pilot a quick-DD pass on the next batch of inbound deals. Share results back to members at the following meeting.
Questions.
Thank you
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