Picture a deal team putting a number in front of an IC. Call it an operational health score of 62. Someone asks the natural question. Why 62 and not 70? What happens next is the whole game. Two versions of the answer In the first version, the answer lives in the analyst’s head. They remembe...

The best senior advisors have always been in the driver’s seat. The tools were just slower. Researchers at the MIT Center for Collective Intelligence ran a meta-analysis of more than a hundred experiments on AI plus human performance. The average finding was a disappointment. Most of the time, th...

The ground under commercial diligence has been moving for years. Most people are too busy shipping to look down. There is a version of this conversation that starts with the people. The analysts are overworked. The advisors are stretched. All of that is true. None of it explains what is actually ...

Ask ten people what good due diligence means and you get ten answers.  Some say rigor. Some say speed. Some say thoroughness. Some will tell you it is about catching the thing nobody else caught. Some will tell you it is about covering the base rates so nothing surprises the Investment Committee ...