An assistant that can post a journal entry is an assistant you have to audit. No fund controller wants that job, and no LP should have to wonder whether a number in their letter was typed by a person or guessed by a model. So the rule we build to is short: the assistant proposes, a person writes.
The audit you inherit
Give software write access to a fund's books and every entry it makes becomes something to check. The time the assistant saved comes back as review, except now the review is of work nobody on the team did. The fund ends up with two ledgers to trust — the one people kept, and the one the software kept — and no clean line between them.
Judgement stays yours. The remembering does not have to be.
What the assistant does today
It drafts, flags and cites. Shipped Ask it to read a founder report and it comes back with a proposal: the figures it found, where it found each one, and which record they would change. Every write to the ledger is a human action — the proposal sits there until somebody approves or rejects it. Shipped
That is the picture at the top of this post: Karan Mehta, an analyst at Demo Capital, looking at a proposal to update Nuva Tech Limited with an MRR of $412k and a runway of 19 months. Until he presses approve, nothing in the record has changed.
The figure rule
The second rule follows from the first. Every number the system states links back to the row it read, or it says it does not know. Shipped A confident wrong number in an LP letter is worse than no number, and it is the failure mode this category is heading toward.
Built, not switched on
There is one thing we have built that we are not offering: the assistant working on its own. Not shipped Work can start from a founder update, a deal going quiet or a valuation moving; it can only ever end in a proposal somebody approves; it is off by default, capped by a monthly ceiling, stopped by a single switch, and every run is on the record.
All of that is covered by automated tests — and none of it has yet been run against a live fund, so it is not switched on, not demoable and not for sale. The same goes for Anticipation, the third stage on the roadmap, which is still in verification. Not shipped
What it costs us
This rule loses demos. An assistant that posts the entry itself looks faster in a thirty-minute call than one that waits for a person. We would rather lose that call than hand a fund a ledger it has to audit — and the rule is the same whether the proposal came from a question you asked or, one day, from the assistant working on its own.