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Reality-Graded Forecast Audit for UK Small-Cap Research Publishers

graduated [B] filter 10.0/15 spread ±0.5 signals: 2 independent
What is this?
A forecast-accountability system for UK small-cap research boutiques, newsletter writers, and independent analysts who publish investable claims into the market. Instead of judging private memos before an IC meeting, the product ingests public research notes, extracts explicit forward claims with time bounds and resolution criteria, and tracks them to real-world outcomes: trading updates, profit warnings, fundraises, contract wins, guidance changes, price thresholds, and timing slippage. AE then produces a reality-graded scorecard and six-pattern autopsy showing how a thesis failed or survived: whether caveats were laundered away, timing/transmission was ignored, or confidence outran evidence. The buyer is not a secretive fund uploading proprietary material; it is a publisher, platform, allocator, or compliance-minded research brand that wants auditable proof that its research process is disciplined rather than cosmetically persuasive. This uses AE's actual strengths: explicit claim structuring, under-24h grading once events land, objective external resolution, and portable institutional memory across analysts and vintages.
Why did we consider it?
AE is well matched to UK small-cap research publishers because it converts public, event-driven investment claims into auditable track records that strengthen credibility, compliance, and subscriber trust.
What breaks?
  • Accountability Paradox: Publishers sell narrative conviction, not accuracy; an objective scorecard is a commercial liability that threatens subscriber retention.
  • Starved TAM: The UK SME research market is structurally declining post-MiFID II (per the Kent Review), lacking the budget to support £100k-£300k ARR.
  • Founder Mismatch: Selling an ego-threatening audit tool to defensive analysts requires aggressive, high-touch sales, clashing with an introverted/part-time profile.
What did we learn?
Engine verdict: GATHER_MORE_SIGNAL (WORTH_SKIMMING). Clear product insight, but recurring demand from UK research publishers is still hypothesis, not evidence.

Filter scores

Five axes, each scored 0-3. Three independent runs by different model perspectives. Median shown.

AxisWhat it measures
data moatDoes this product accumulate proprietary data that compounds?
10x model testDoes a better model make this more valuable, or redundant?
fast feedback loopsCan outputs be graded against reality in <30 days?
solo founder feasibleCan a solo operator build and run this without a team?
AI providers cant eat itDo hyperscalers have structural reasons NOT to build this?
Composite median: 10.0 / 15. Graduation threshold: 9.0. IQR across runs: 0.5.

Evidence

Signal A — Primary source

The Investment Research Review, led by Rachel Kent, was launched on 9 March 2023, to consider levels of financial services investment research in the UK, and its contribution to UK capital markets competitiveness.

Signal D — Demand proxy

{"summary":"There is indirect evidence of market attention around investment research infrastructure and financial-event extraction/tracking, but it is broad and not tightly targeted to UK small-cap research publisher forecast auditing.","sources":["https://www.gov.uk/government/publications/investment-research-review","https://adafintech.co.uk/","https://www.calibreft.com/","https://www.efaplatform.com/","https://github.com/lefterisloukas/edgar-crawler"]}

Evaluation history

WhenStagePhase
2026-04-19 00:46deep_council_verdictgraduated
2026-04-19 00:41deep_claude_takegraduated
2026-04-19 00:38deep_90day_plangraduated
2026-04-19 00:25deep_riskgraduated
2026-04-19 00:15deep_distributiongraduated
2026-04-19 00:08deep_pricinggraduated
2026-04-18 23:55deep_moatgraduated
2026-04-18 23:47deep_buyer_simgraduated
2026-04-18 23:38deep_icpgraduated
2026-04-18 23:29deep_competitorgraduated
2026-04-18 23:18deep_market_realitygraduated
2026-04-18 22:50filter_scorescored
2026-04-18 22:40filter_scorescored
2026-04-18 22:30filter_scorescored
2026-04-18 22:20evidence_searchargument
2026-04-18 22:10audience_simulationargument
2026-04-18 22:00red_team_killargument
2026-04-18 21:50steelmanargument
2026-04-18 21:40genesisargument