Short answer: August Kiles says associates used to spend dozens if not hundreds of hours combing a data room; with Emblem you ask for a specific figure, like a product's 2017 revenue, and get it in seconds, leaving associates the last 5%.
Watch this answer from Episode 31 (starts at 6:32) · Episode 31 notes and transcript
From Episode 31: How AI Is Replacing 100-Hour Due Diligence (Claude 4.6, Private Equity, and Emblem), starting at 6:32.
August Kiles [6:31]: Yeah. Absolutely. So I think first, I'll just, speak very briefly on the founding of Emblem, our founder and CEO, Luke Ashrambrand, and the second that LLM started to become, more widespread in '20 late twenty two, early twenty three, he'd been working in private equity. He'd done an internship in venture capital, and he immediately saw the potential for this technology to, really play in the space. And so, I'll give you know, a few different examples. But in the past, you're a private equity firm, and you're thinking about acquiring a business, and the CEO sends you a data room that has everything you're gonna need to do due diligence, right? The only thing you can do in that situation, pre AI, is have a bunch of associates at your firm just comb through it and look at everything in detail. We're talking about, dozens, if not hundreds of hours of work to get through a data room like that. And with AI, you still have to go to the same level of detail, the same level of granularity, But, know, let's say you need to know something very specific about the team, or you need very specific revenue numbers and you don't necessarily know which spreadsheet they're gonna be in, you just ask Emblem. Hey, where's the revenue for, 2017 for, this particular product in the company or something like that.
August Kiles [8:07]: And in a matter of seconds, you've got it. And then you know, you can also take it a step further with reporting where you can provide Emblem with a whole list of different metrics that you want to extract and what kind of analysis you're looking for. And you know, once again, matter of seconds, you have the results. So rather than have, one associate looking, for hours to, make sure they've gathered every data point and then writing up different summaries and that, that all of that. You can just have Emblem do the same thing. The associates still do the last 5% and, know, figure out that their job is to figure out what to ask Emblem and to then take that information and present it as needed internally in their organization. But so much of the heavy lifting in between there can be automated by AI. Yeah.
