# See why a deal fits your thesis, criterion by criterion

> A thesis fit report in Delsivo shows how one deal measures against your published rubric. For each criterion it lists the rule, the value found, the reasoning and the source, with a result of Met, Mismatch or Unknown. Thesis fit, evidence quality and diligence readiness are shown as three separate readings. Planned for the pilot release; Delsivo is at design partner stage, so nothing is generally available.

Source: https://delsivo.com/features/fit-report · Updated 2026-11-06 · Planned, not available yet

## Key takeaways

- Three readings, kept apart: thesis fit, evidence quality and diligence readiness.
- Every criterion shows the rule, the observed value, the rationale and the source it came from.
- Analysts can override any criterion, and the override needs a written reason.
- A reviewer can reproduce why a deal landed where it did in the queue.

## What a thesis fit report shows

The report sits on the deal's Brief tab. At the top are three readings. Below them is a row per criterion from your [investment thesis rubric](https://delsivo.com/features/thesis-rubrics).

Example rows for a fictional seed deal

| Criterion | Rule | Value found | Result | Source |
| --- | --- | --- | --- | --- |
| Stage | Pre-seed or seed | Seed | Met | Deck v1, slide 14 |
| Geography | HQ in Europe or India | Lisbon, Portugal | Met | Application form |
| Round size | $500k to $3M | Not stated | Unknown | Becomes a question |
| Sector | B2B software | Consumer marketplace | Mismatch | Deck v1, slide 3 |
| Paid usage (preference, weight 25) | Scored 0 to 10 | 6 | Scored | Deck v1, slide 9 and rationale |

## Why three readings and not one score

One number hides the reason behind it. A deal can fit your thesis well and still rest on claims nobody has checked. Another can have excellent paperwork and sit outside your strategy. Blending them makes both cases look average.

- Thesis fit: how the deal matches your hard rules and weighted preferences.
- Evidence quality: how much of what matters is backed by a cited source, counting weak extraction and unresolved claims against it.
- Diligence readiness: what is still missing before the deal can move to the next stage.

Deck quality, a separate score of how clearly the deck makes its case, is kept apart from all three so a polished deck doesn't stand in for fit.

## Overrides and the reasons behind them

1. An analyst disagrees with a criterion, for example the sector call on a marketplace that sells to businesses.
2. They change the result and write the reason.
3. The report shows the original result, the new one, who changed it and why.
4. The override is recorded in the deal's audit history and carries into later briefs.

Overrides without a reason aren't accepted. That keeps the report honest for the partner who reads it next week.

## Re-running a report

When the founder sends a new deck, answers a request, or you publish a new rubric version, you can re-run screening. Each run is kept with the rubric version, the evidence snapshot, and the model and prompt version used. Comparing two runs shows exactly what changed and why, instead of a score that drifted without explanation.

## What the report never does

Those decisions sit with your analysts and partners, as described on [thesis screening](https://delsivo.com/thesis-screening).

- It never moves a deal to another stage or passes on it.
- It never sends anything to the founder. Questions from Unknown criteria wait for a person to approve them.
- It is never shown to founders. They see a separately configured status, not ratings.

## Frequently asked questions

### Is the thesis fit total calculated by the AI?

No. The model scores individual preferences with a rationale and citation. Hard rules are checked in code, and the weighted total is computed in code from the criterion scores.

### Can founders see their thesis fit report?

No. Founders see their own application, requests and files, plus a status your fund configures. Ratings and internal notes stay inside the fund.

### What does Unknown do to a deal's position?

Unknown isn't counted as a failure. It shows up as an open question, and diligence readiness reflects that the answer is still missing.

### When can a fund use the thesis fit report?

It is planned for the pilot release. Delsivo is working with design partners, and nothing is generally available yet.

## Related pages

- [Investment thesis rubric](https://delsivo.com/features/thesis-rubrics)
- [Deal review queue](https://delsivo.com/features/review-queue)
- [Founder reported vs verified metrics](https://delsivo.com/features/evidence-labels)
- [Thesis screening](https://delsivo.com/thesis-screening)