Why I Invested in Standd - Revolutionizing Diligence and Deal Intelligence

Unlocking the Next Frontier of AI-Powered Deal Tech

This week, diverging from my usual programming, I'm excited to share the brief story of my first angel investment. I'm eagerly anticipating returning to my regular content next week, but until then, I wish everyone a joyful holiday season and a fantastic new year!

I'm excited to share that I recently made an angel investment in Standd, an AI-native diligence and deal intelligence platform. As both an investor and advisor to startups, I've experienced firsthand the inefficient, manual, and expensive process of conducting due diligence. This sparked my interest when I first met Standd CEO Julie Saltman and heard her vision for leveraging AI to transform this fractured workflow.

Standd offers an integrated SaaS platform to streamline deal diligence, automatically organizing documents into categorized checklists, flagging provisions in contracts, generating summaries and chronologies, and providing analysis to support better informed investment decisions. Simply put, the goal is to empower investors to make confident choices by optimizing the deal evaluation process.

I'm particularly compelled by Standd's founding team. Julie brings key domain expertise as an attorney and entrepreneur, CTO Stephen Solka has 15 years specializing in data and AI engineering (most recently at AngelList), and CPO Joell Stocchero is a seasoned product leader in both startups and enterprises. The team intimately understands the diligence pain points across law firms, investors, banks, and companies.

The market timing also couldn't be better as digital transformation and AI usage accelerates across legal and financial sectors. However, most firms can't meaningfully leverage their past deal data to apply insights to new transactions. Standd solves this by centralizing data and powering it with AI to surface patterns and intelligence.

With significant traction only 3 months since launch and immense interest from mid-market law firms, VCs, and companies, I believe Standd can achieve strong growth in the short-term. And this beachhead in diligence lays the foundation to ultimately transform all investment review workflows from deals to audits and more.

I'm thrilled to back this exceptional team early on their journey to unlock efficiency and value creation through AI-powered diligence and deal intelligence. Expect big things from Standd!