Congrats to the team
@dili_ai
on the $3.6M seed!
Dili (YC S23) uses AI on public and private datasets to help investors with their due diligence and make better investment decisions with generative insights and analysis.
The LinkedIn algorithm likes me better but here is a more fulsome post about
@dili_ai
's $3.5M seed round here: a thread of why we are excited to build the future of finance🧵
gm✨ some personal news:
very excited to share that i’m joining the
@coinbase
corporate development & ventures team 🚀
i have much to learn, and i’m so lucky to be working with such an all star team 🤩 LFG!!
#wagmi
We raised $3.5M dollars to automate investment due diligence with AI. It's hard to believe that this time last year I was burning the midnight oil working on mergers and acquisitions performing very manual tedious tasks during deals that inspired me to build dili.
Welcome to YC,
@stephksong
,
@metanand
, and
@brianfernande06
!
@dili_ai
(YC S23) is building the AI copilot to accelerate due diligence for deals. Dili helps deal teams execute transactions faster and with more confidence through data-driven insights.
This often results in the infamous brutal 100-hour work weeks for finance professionals in the space doing work that nobody wants to do (but somebody has to get done.) I can only imagine the time I would have saved if I had Dili in my previous roles while working on Wall Street.
The finance industry largely depends upon monstrous amounts of human labor to parse through massive amounts of qualitative and quantitative data to arrive at investment decisions. This process and the industry has not changed in the past 40 years.
It’s 2023 and seed investors are still doing idiotic things like inviting competing startup founders to sit in on pitches
Doing that on its own is idiotic
Doing that to a YC company and you will never see a YC company again
enterprise sales is literally getting punched in the face 100 times until someone is like “wait yeah that’s actually a good idea” and buys your product
Example workflows include screening new deals, looking for red flags, competitive analysis, parsing through lengthy data rooms, digging for impossible numbers on the internet, summarizing expert findings, among many other tasks.
Dili offers a data driven solution to investing and due diligence. We leverage your firm's internal data to find "alpha" that already exists in your systems while automating the tedious tasks that saves analysts time.
If you work on private buy-side deals (Private Equity, Growth Equity, or Asset Allocation) and would like to try our best in class AI for due diligence software today, sign up for a trial of Dili for your fund:
the bestie left for sf to go build a unicorn 🥲
@stephksong
out here taking her talents to ycombinator this summer to build
@dili_ai
no one grinds harder than this woman fr
Huge thank you to the wonderful Dili team Steve, Jeff; and my brilliant co-founders Brian and Anand. I'm excited to build the future of finance with you all. Thank you to Kyle Wiggers for covering our seed fundraise. Read more about the announcement in
@TechCrunch
below.
pour one out for your m&a homies, they’re putting in long hours and nights right now so we can continue to sin (batch buy jpegs and 20x leverage on gmx)
you can tell how a woman founder’s startup is actually doing by looking at how many thirst traps she’s posting on twitter like if your early stage girlboss CEO is posting bikini pics I’d start polishing your resume asap
why is there a crypto rave every saturday night is this what you people do in a nihilistic post nietzsche attempt to feel something grind six days a week then let loose in a grungy brooklyn warehouse once a week
The least known "backdoor" into selective US universities is 3/2 Engineering programs.
You can get into lib arts schools for a BA with a 20%+ acceptance rate and earn a BS from an elite engg Ivy school with <6%.
A well-known OpenAI exec and many other bigwigs have done this.
Just finished the Sopranos and my mind is blown. Feels like most great series struggle to land the ship, but this ending was just great 🤯. no clue what I'm gonna watch next
VCs be like: “Hey we want underrepresented X to join our team but we’ll also insist on an MBA, experience in banking and consulting, or a venture firm or Google”
The NYC crypto/nft scene is such a strange and honestly nauseating subsection of the community. It's more concerned with personal brands and clout rather than anything to do with the tech/product.
I feel sorry for anyone whose entrypoint to crypto is this.
Quick tip for those doing case studies or presentations for VC interviews:
Use the firms template & colors.
It’s an easy way to gain extra brownie points with very little additional effort needed.
Differences between IB and VC:
IB: Technical, sit behind a screen, highly managed, work with mature co’s
VC: Ownership, thought leadership, flexibility, autonomy, sales, focused on earlier co’s
IB is a good base but doesn’t give you the autonomy to grow.
Coinbase Ventures
One of the more impressive institutional VC portfolios in crypto:
-Uniswap
-Arbitrum
-Graph
-Starkware
-OpenSea
-Arweave
-Consensys
Exposure across the board: Gaming, infra, DeFi, NFTs etc.
[12/26]
With bonus szn coming up I am tempted to either buy a classic Chanel Flap Bag or 2 (maybe 3 $ETH). Which is the better investment? Asking for a friend..
you want to start a web3 company? okay cool - your choices for naming said company are either A.) the first name of a mediocre white man B.) a random food item C.) any short word combination with “moon” or “bit” in it
Today marks 1 year since the Atlanta spa shootings. We remember the 8 victims who were killed because of anti-Asian violence.
Soon Chung Park, 74
Hyun Jung Grant, 51
Suncha Kim, 69
Yong Ae Yue, 63
Delaina Ashley Yaun, 33
Xiaojie Tan, 49
Daoyou Feng, 44
Paul Andre Michels, 54
@stephksong
There are a bunch of educational resources out there but pretty fragmented. Would you want to see something that focuses more on terminology or onboarding and strategy related content?
the only difference between crypto technical traders and fundamental traders is at this point fundamental traders are worth magnitudes more and will prob leave more $ to a distant relative in an obscure will than a technical trader will make in his lifetime
gm