For VC partners and for founders raising

The investor read on your deck, before you send it.

Verdict reads your deck like the partner you’re pitching and hands you their memo before the meeting: what’s working and what kills the deal. First one free.

Try Verdict free

SAMPLE MEMOHEALTHTECHPRE-SEED

Real deck · identifier withheld

AI camera monitoring for seniors. Fall detection + behavioral activity for home care.

Market RiskModerateLate entry, $500M+ incumbent capital

Company QualityStrongWorking product, 27 paying subs, advisor bench

Fund FitModeratePre-seed check fits; healthcare-hardware thesis partial

How it works

Drop in your deck. In a few minutes you get the memo a partner would write about it: what’s strong, and what to fix, with every number sourced.

First paying customer

“Your product helped bring a lot of clarity on what the best path forward is. Its brutal honesty helped do that.”

Founder, link-in-bio product. May 2026.

Compare to Bessemer

The same memo a Bessemer analyst would write.

Pick a deck Bessemer evaluated. Verdict wrote this memo from public materials only, with no insider information. Then open What Bessemer actually did and compare it against the real call.

CompanyAuth0

SectorIdentity SaaS · IAM

StageSeed (June 2014)

Traction$10K MRR · 75 paying customers · ~0% net churn

General VerdictInvest

Twilio-of-identity wedge with proven PMF: 75 paying customers, $10K MRR, 90%+ gross margin, ~0% net churn at v1. Developer-first IAM is the right shape for the moment.

Fund FitStrong Fit

Sits at the intersection of two BVP roadmaps (developer API + cyber security). Stage and check fit for a $1M seed extension at the existing $8M pre-money cap.

Market sizing

Cloud SSO comp (enterprise)$30M ARROkta · proves enterprise willingness to pay

Cloud SSO comp (mid-market)$10M ARROneLogin · secondary segment validation

Auth0 today$10K MRR75 customers, 15-20% MoM growth

BVP's own analysis (page 11) acknowledges the SSO market is commoditizing. Okta and OneLogin sit at $30M and $10M ARR respectively, both targeting IT-led purchases. Auth0's wedge is the developer purchase. The CIO is downstream. Identity-as-a-service for the SaaS vendor side is structurally pre-empted by SSO incumbents only if those vendors solve the same multi-identity-source problem with the same documentation quality. They do not.

What could kill it

MediumDIY auth competition

BVP's own memo (page 12) names DIY as the strongest competition for the SaaS-vendor segment. At $50K+/year, a vendor might roll their own. Vulnerability-of-the-week events (Heartbleed-class) raise the true cost of DIY beyond raw engineering hours.

MediumGraduate-out to ForgeRock

As SaaS vendors mature, complex enterprise IAM needs may push them off Auth0 onto a heavier solution like ForgeRock ($30M Series C). Mitigation depends on whether Auth0 builds enterprise capability fast enough.

LowCrowded category, sharp wedge

Stormpath and Gigya target adjacent segments (web-first, marketing-first); neither has a dedicated developer-first enterprise IAM play. Customers cited documentation as the reason they chose Auth0. That moat compounds with engagement.

GP summary

Auth0 is what every developer roadmap firm wants to back: technically sharp founders (Eugenio Pace and Matias Woloski wrote Microsoft's identity book; Jon Gelsey joined as CEO from Microsoft + Intel Capital), 75 paying customers in 16 months, and ~0% net churn at the v1 product. The Twilio-of-identity framing is the right wedge into a category that's commoditizing on the IT side.

The $1M check at the existing $8M pre-money cap is the kind of opportunistic seed extension that maps directly to BVP's developer + cyber roadmaps. Super-pro-rata for 33% of the Series A is the right ball-control for a category leader. The risk register is real: DIY at the high end, graduate-out to ForgeRock at the enterprise end. Neither is a dealbreaker at the seed stage with this team.

That’s the memo. Drop your deck and get one on yours.

Free first report · seven to ten minutes per deck

Try Verdict free

Founders can run their own deck and see the same read before the raise. Stress-test my deck →

The contrast

Same deck. Different output.

Built for the founder who gets one shot in the room. It lines up a default chat-model reply against the Verdict read, from the same PDF.

Both flows start with the same deck. One gives you a reply you read once and lose. The other gives you a finished memo: a read on the company and on the exact fund you are pitching, with the market sized from sources you can re-pull.

The default path

Claude folder

Generic project workspace

The Verdict path

Verdict

Diligence-grade output, partner-forwardable

Step 01

Upload deck PDF to Claude project

The deck sits in the chat as a single attachment, with nothing indexed.

Step 01

Upload deck PDF to Verdict

Every page is read and indexed first, so each citation points to an exact page.

Step 02

Ask it for a memo in your own words

What you get back depends entirely on how you happened to word the request that day.

Step 02

Paste website plus founder LinkedIn for evidence

Optional, but it pulls in real signals like recent press and founder track record instead of guessing.

Step 03

Wait roughly 2 to 3 minutes for a draft

The model drafts the whole memo in one pass, with no checks along the way.

Step 03

A full analysis runs in seven to ten minutes

Every call comes with how sure Verdict is and what would change its mind.

Step 04

Read prose memo without fixed sections

The structure shifts from run to run, so comparing two memos is manual work.

Step 04

Read structured report with fixed sections

The same sections every run, so two memos line up and diff cleanly.

Step 05

Output is a chat reply meant for copy-paste

It lives in a chat thread, with no PDF or share link to forward.

Step 05

Output is a print-ready PDF and a share link

Footnoted with source links a partner can forward to an LP or file in a deal folder.

Output

A prose draft inside a chat window.

Output

A structured memo a partner can forward.

Your data is safe

Every deck you upload is sensitive. Here is exactly what happens to it.

Encrypted

Decks encrypted at rest.

Deck files in storage are encrypted with AES-256, and every byte in transit runs over TLS 1.3.

Isolated

Your fund data is walled off.

Postgres row-level security scopes reads and writes to the owning account, so cross-fund access is blocked at the database, not just the app.

Never trained on

Your deck never trains a model.

Decks, memos, and feedback are never used to train any foundation model. Anthropic processes each call under commercial API terms that prohibit training on customer data.

Yours to delete

You can wipe a deck on command.

Delete any memo and its source deck from the report viewer and the file leaves storage in the same step. Decks you keep auto-purge after 90 days, or 24 hours on the sensitive tier.

Read the full security posture, with retention tiers, sub-processors, and what’s still in progress.

Frequently asked

The questions everyone asks first.

01Can I see a real report before signing up?

Yeah. There's a live sample memo at the top of the page. Lower down, you can pick a deck Bessemer actually evaluated, Auth0 or Airbnb, read the memo Verdict wrote from the public deck, and line it up against the call Bessemer really made. Then sign up and run your own deck free, no card, nothing locked.

02How is this different from ChatGPT, Claude, or Gemini directly?

A climate-tech deck I ran claimed 450 terawatts of waste heat on slide 3. Terawatts measure power, not energy, so the number was physically impossible, and nobody who built the deck caught it. ChatGPT, Claude, and Gemini read right past it. Verdict caught it on the first run. A chatbot wants to hand you an answer you'll like. Verdict is built to find the reason a partner passes. You also get the same memo every run with every number sourced, so you can forward it and a partner can read it cold. The first founder who paid for it told me it was the most honest read on his deck he'd ever gotten.

03What about hallucinations?

Every number links back to where it came from, the exact deck page or the web source, so you can check any claim in one click instead of trusting it. Verdict also gives two separate verdicts, one on the company and one on the fit, so it can't dodge a hard call by hedging into one safe answer. It hands you a sourced draft and you make the call. Nothing in there asks you to take its word.

04What happens to the decks I upload?

Your deck is never used to train any model. That’s not just my word, it’s written into Anthropic’s API terms. It sits in storage scoped to your account, gets analyzed, and is gone the moment you delete the report. Anything you don’t delete auto-purges after 90 days. The only services that touch it are Anthropic, Supabase, Vercel, Clerk, and Stripe.

On compliance, I’ll be straight with you: I’m a solo founder and I’m early, so Verdict isn’t SOC 2 certified yet. The Type I audit is in progress for 2026. If your team needs a signed data-handling agreement before you upload anything, email me and I’ll sign one.

05Can I share the report with my partners or LPs?

Every report has a read-only share link, no account needed on the other end, exactly like sending a Google Doc. There's also a one-click card with the verdict and the one finding that matters, built to drop straight into Slack. And every paid tier exports a clean PDF with your fund name in the header and a confidential mark in the footer, every source listed at the back. It comes out looking like it's off your firm's letterhead, because that's the whole point: it's ready to put in front of an LP.

06I'm a founder. What do I get out of running my own deck?

You get the memo a partner is going to write about you, before you ever walk into the room. Verdict sizes your TAM with real sources, names the competitors you left off the slide, and writes down the objection that actually kills the deal. It stings the first time. Then you flip on the Coaching toggle and every hit turns into a fix you can make before the meeting instead of during it. Better you hear it from me than from the person holding the check.

The Verdict Newsletter

The read an investor would give you, in your inbox.

What changed in how Verdict reads a deck, and one thing worth coming back for, every few weeks. For founders raising, and the investors backing them.

See past issues →