How much time do you spend on diligence before submitting an LOI?

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September 26, 2025

by a professional from University of California, Berkeley - Haas School of Business in New York, NY, USA

How much time do you typically spend on diligence before submitting an LOI, and how do you balance speed with thoroughness?
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from Drexel University in Philadelphia, PA, USA
Thanks ^redacted‌. I like to do as much as I can without slowing down the process or incurring high fees (thousands) before I even know if it's going to be accepted. I found a gap here myself so I built the following tool to automate a (light) QoE to help me in these exact situations. You can check it out here https://flashqoe.com/ or feel free to DM me.
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Reply by a searcher
from Georgetown University in São Paulo, State of São Paulo, Brazil
^redacted‌ I would be interested to learn more as we are trying to build or find a similar tool for our search in Brazil.
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