SecondState blog
Notes on finance, data and judgment.
Research and ideas from building SecondState.
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Field Notes
FAB: a benchmark for real financial work
We built a synthetic company, its books and a 160-file data room, then gave six models the work a deal team actually does. The highest pass rate was 62% across repeated task attempts.
By SecondState team · 8 min readRead the story
Field notes
Financial work is a systems problem
Why deal-side finance teams keep rebuilding the same machinery - and what a better system should preserve.
By Monaim EL AMRANI · 8 min readRead the story