Dewey AI Due Diligence Tool: Vet and Screen Deals Fast
AI Instant Due Diligence Advisor: Using Artificial Intelligence to Quickly Vet and Screen Deals
Investors, family office teams and capital raisers who want a faster first screen of deals, partners and their own materials before paying professionals.
5 key takeaways
- One tool now covers four jobs. Dewey combines a deal report, a partner credibility check, a forensic accountant mode and a questionnaire builder. Users no longer switch between separate due diligence tools.
- Context makes the report sharper. The more documents and background a user provides, the more focused the output becomes. Telling it your values, priorities and fears lets you ask it to go extra deep on the risks you worry about most.
- Seven questions screen deals fast. The report ends with seven questions to send the sponsor. Richard's view is that if they will not answer, a call would likely have been a waste of time. If they answer poorly, that also helps the decision.
- Run red flag searches on people. The partner check searches a name alongside words like fraud, scam, Ponzi, SEC and sanction. Richard notes that partnering with the wrong person could be very costly.
- Raisers can test themselves too. Capital raisers can run the tools on their own name, pitch deck and PPM. They can also ask for 30 likely investor questions and draft answers, then check the draft for guesses. Richard estimates this does about 80% of the work.
What you will hear
Dewey is an AI due diligence adviser that Richard C. Richard says has run over a thousand reports for Family Office Club members. It was trained on 18 years of club data, 1500 investor talks and the top 150 white papers on due diligence. Users can send it a pitch deck or a 160 page PPM and get top risks, red flags and missing items back.
The updated version combines four tools in one. It runs a full deal report, a credibility check on a person, a forensic accountant review of financials, and a due diligence questionnaire builder. Richard stresses that Dewey is a first screen and not a substitute for professional advice. The talk closes with remarks on niche focus and what to prepare before raising capital.
From the source
- Dewey was trained on 18 years of club data, 1500 investor talks and the top 150 white papers on due diligence.
- The tool has run over a thousand due diligence reports, and Family Office Club has built 40 plus AI tools for members.
- The forensic accountant mode reviews the last 3 years of financials plus year to date, looking at ratios, trends and missing line items.
Sources
From Richard C. Wilson's Centimillionaire Strategies YouTube channel: AI Instant Due Diligence Advisor: Using Artificial Intelligence to Quickly Vet and Screen Deals. Quotes come from the video captions, lightly edited for readability. Figures are the speakers' own estimates and experience.
General education only. Not legal, tax or investment advice.
Talk to a securities attorney to explore options around offering document review, sponsor background checks and investor communications. Do not use AI to write your own legal agreements.
In their words
"Toss the seven questions over to the person, and if they do not want to answer your seven questions, then you saved yourself a ton of time."
"I would always trust a real human attorney with a decade of experience before I would trust this, but I would use this and a real attorney."
"It does a red flag search, and the cost of partnering with the wrong person could end your business."
- 1Upload the deck or PPM
- 2Share your values and fears
- 3Review risks and red flags
- 4Send the seven questions
- 5Consult your professionals
Related questions
- How do I close a funding round?I close a funding round by focusing on investors who fit the opportunity and moving each interested prospect through clear, consistent follow-up.
- What documents do investors request during due diligence?Prepare a clear, organized package covering your operations, investments, compensation, team, and track record.
- How do I raise capital for my business?I raise capital by building a repeatable system for attracting the right investors, establishing credibility, and developing relationships before asking for money.
Questions about this video
What does the Dewey due diligence tool produce?
It gives a deal summary, fee breakdown, internal rate of return, equity splits and preferred return details. It also adds a risk matrix, a signal to noise score and seven questions to ask the sponsor.
Does Dewey replace an attorney or accountant?
No. Richard says to use it alongside your own judgment and the professionals you already work with. It helps you ask smarter questions first.
How can capital raisers use it?
They can upload a PPM and pitch deck and ask for 30 questions a smart investor should ask. The tool then drafts answers, and the raiser must check where it guessed.
Put this into practice with the data room checklist. See all due diligence resources.
