This deck provides an AI-specific due diligence playbook to separate real technology value from API-wrapped hype—anchored by the MOAT framework: Model ownership, Operational data, Accuracy evidence, and Technical defensibility. It includes 10 red flags, a valuation guide linking MOAT score to ARR multiples, and a case study showing how a target repriced from $180M to $110M when claims were tested. Bottom line: 40% of “AI companies” aren’t, and buyers must verify before paying premiums.
