Purpose

Explain how startups enter DiligenceGPT and the different ways deals can be added to a workspace.

How Deals Enter a Workspace

Deals represent the startups you are evaluating in DiligenceGPT. A deal can be added to a workspace in multiple ways, depending on how you source startups. Regardless of how a deal is created, it becomes part of the same diligence workflow and is evaluated using your workspace’s settings.

Adding Deals Manually

You can add a deal manually when you want to input a startup individually. This method is commonly used when reviewing inbound opportunities, referrals, or startups discovered through research. When adding a deal manually, you typically provide basic information such as the startup name, website, source, and current status in your diligence process. You can also upload documents during this step.

Bulk Adding Deals

Bulk add allows you to add multiple startups at once. This is useful when importing a list of companies from events, pitch lists, or external databases.

Bulk-added deals are created with essential details and can be enriched later by uploading documents, adding notes, and completing additional information as diligence progresses.

Deals Created from Portal Applications

Deals can also be created automatically through Portal applications. When founders submit their startup through a portal page, the deal is added directly to your workspace along with their application responses and uploaded materials.Here is a link for detailed portal article https://diligencegpt.startupfuel.com/portal/?id=68a697f79c204202c3ecede4 

This approach is commonly used for pitch competitions, accelerator programs, and open application processes, helping streamline deal intake and reduce manual data entry.

Required vs. Optional Fields

When adding a deal, certain fields are required to create the record, while others are optional and can be completed later. Required fields ensure the deal can be tracked in the pipeline, while optional fields help enrich analysis and reporting over time.

Once a deal is added, an automated sequence will follow. The sequence includes document analysis, website analysis, LinkedIn analysis, and deal information generation (e.g., business model, industry, and company description) based on the extracted data. The system also generates Deal Fit scores, Data Sufficiency metrics, and a Tear Sheet. However, If any critical information is missing—such as a pitch deck or a Website URL—certain reports will not be generated, or the quality of the outputs may be affected.

As more information is added such as documents, notes, and questionnaires; DiligenceGPT continuously updates the deal’s insights and reports.

Why Pitch Decks Are Commonly Uploaded First

Pitch decks are often the first document uploaded because they provide a comprehensive overview of the startup, including the problem, solution, market, team, and traction. Uploading a pitch deck early allows DiligenceGPT to quickly extract key information and power analysis across reports, scores, and summaries.

If a pitch deck is not available, other documents can still be uploaded, and additional materials can be added as they become available.