What A.I. prompts are working for you during search and evaluation?

professional profile

May 03, 2023

by a professional from University of Southern California - Marshall School of Business in North Palm Beach, FL, USA

Some of the best searchers and buyers are using artificial intelligence, especially during a pre-LOI due diligence. Are you? How?

And then they involve their advisory team to review what they discover, help interpret it, and then decide what to do about it.

It’s no longer necessary for people wanting to buy and sell companies to rely on experts for data gathering and preliminary analysis. This is work you can do yourself; it can save you a lot of money. And keep you more in control of what you’re trying to avoid and accomplish.

So, how are you instructing (prompting) A.I. to gather data and then try to make sense of it?

Any tips, warnings, examples, whatever?

Reality:
Information derived from ChatGPT comes from A.I. scraping the Internet. The bad news is even the charlatans, and the people who are completely wrong about the buying and selling of SMBs, are having their nonsense picked up by AI and included into whatever.




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Reply by a searcher
from Cornell University in Venice Beach, Los Angeles, CA, USA
ChatGPT Deep Research is great. I've used it to scour for publicly available transaction comps. You can also prompt it without deep research to ask how to prompt deep research. That's a great way to build prompts--ask it to help you. You should copy and paste this post into ChatGPT. Even preempt it with, "You're an expert in M&A, acquisitions, search funds, diligence etc."
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