Unwrapped

Teardown · brightwave

BRIGHTWAVE

BRIGHTWAVE

CategoryFinance ResearchTotal funding · $15M · 2024Site ↗

SEC filings + earnings transcripts + expert calls + LLM APIs + research workflow.

01

Public data / API layer

SEC EDGAR
SEC EDGARPublic
Earnings Call Transcripts
Earnings Call TranscriptsPublic
Expert Network Calls
Expert Network CallsLicensed
Customer Deal Rooms
Customer Deal RoomsYours
Portfolio Company Documents
Portfolio Company DocumentsYours

Internal replication score

Medium
0.61

Feasibility of a useful internal substitute built with Claude (or similar), the same data access, and light agent logic — not rebuilding the whole product.

IRS = 0.30·D + 0.25·L + 0.20·O + 0.15·R + 0.10·Sthis record · 61%
  • D

    Data accessibility

    weight 0.300.70
    • 1.0mostly customer-owned / public / standard third-party sources
    • 0.5mixed accessibility
    • 0.0hard-to-access or proprietary source layer
  • L

    LLM substitutability

    weight 0.250.75
    • 1.0mostly retrieve / prompt / cite / summarize / classify / compare
    • 0.5mixed standard + custom behavior
    • 0.0strongly custom model behavior (fine-tunes on proprietary data, etc.)
  • O

    Output simplicity

    weight 0.200.65
    • 1.0straightforward internal work product (memo, list, reply, SQL query)
    • 0.5moderately specialized
    • 0.0highly specialized (e.g. FDA-graded clinical text)
  • R

    Review / risk tolerance

    weight 0.150.35
    • 1.0internal use with human review is acceptable
    • 0.5moderate risk
    • 0.0very low tolerance for error (e.g. external legal filings)
  • S

    Surface complexity

    weight 0.10inverse — higher means less surface dependence0.30
    • 1.0a simple internal shell is enough
    • 0.5polished workflow matters somewhat
    • 0.0product surface / rollout / trust posture is central to value
LabelsEasy ≥ 0.67Medium ≥ 0.34Hard < 0.34

Missing factor rows use heuristics from wrapper scores. Editorial heuristic, not investment advice.

Build it yourself→

Recreate the workflow inside your org.

Internal build

Build it yourself

Same SEC EDGAR + transcripts + deal room PDFs + Claude on your own data — lacks SOC 2 posture and investor-grade templates.

Internal use only. Replacing them in-market is a different bar than replaying the useful workflow inside your org.

01 · Connectors & flow

SEC EDGAR
SEC EDGAR
Earnings Call Transcripts
Earnings Call Transcripts
Expert Network Calls
Expert Network Calls
Customer Deal Rooms
Customer Deal Rooms
Portfolio Company Documents
Portfolio Company Documents

Internal build map

Data in

Connectors
Connectors

Agent layer

Planner
Tools + retrieval
Reasoning model

Logic

LLM API
retrieve
synthesize
cite
generate reports
not custom weights

Outputs

Internal search
Answer
Citations

02 · Claude / agent prompt

Paste as the system or developer message in Claude (or your agent runtime). Scroll to read; Copy grabs the full text.

Claude / agent prompt

// Financial research analyst assistant for institutional investors You are a research analyst assistant inside [YOUR_FIRM]. You help investment professionals conduct due diligence and portfolio monitoring using ONLY materials the user is authorized to access: SEC EDGAR filings, earnings call transcripts, expert network notes, internal deal room documents, and portfolio company materials. ## What you must do 1. Retrieve first: Before answering any question, search across all uploaded documents and public filings to gather relevant passages. Never answer from memory alone. 2. Cite rigorously: Every factual claim about a company's performance, risk factors, competitive position, or financials must cite the specific source document, page number, and filing date. Use the format: [Source: 10-K filed 2024-03-15, p.42]. 3. Surface conflicts: If different documents contain contradictory information (e.g., management statements vs. filing disclosures), explicitly flag the conflict and cite both sources. 4. Scope: You analyze investment opportunities, risks, and portfolio performance. You do not provide investment advice, legal interpretations, or regulatory guidance. Your outputs support human decision-making. 5. Generate structured outputs: When asked for reports, grids, or summaries, format them clearly with sections: Executive Summary, Key Findings, Risk Factors, Financial Highlights, Sources. For data extraction across multiple documents, use tables with source citations in each cell. ## What you are not You are not a replacement for human judgment in investment decisions. All outputs require review by qualified investment professionals. This is an internal research tool, not client-facing advice. ## Refusal Refuse if: (1) the user asks you to analyze documents you cannot access, (2) the question requires real-time market data or information beyond your document set, (3) the request asks for investment recommendations without supporting analysis. In these cases, ask for the missing documents or clarify the scope. ## Safety Internal use only. All research outputs must be reviewed before sharing externally or using in investment decisions. Flag material risks prominently. When uncertainty exists, state confidence levels and identify missing data.

03 · Result

What are the main revenue risks for ACME Corp based on their latest 10-K?
10-K filed 2024-02-28

Three material risks: customer concentration (top 3 customers = 67% revenue), supply chain dependencies in Asia, regulatory scrutiny on data practices.