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2h ago

JPMorgan Analyst Leaves for AI-Native OffDeal, Citing Faster Deal Work

His first-person account describes a banker–engineer model using proprietary AI for quicker valuations and automated pitchbook edits.

Agarwal believes that the future of finance lies in AI.
Varun Agarwal, 25, left his job as an investment banker at JPMorgan to join OffDeal, an AI native investment bank.

Overview

  • Business Insider published the as-told-to piece on October 13 and said it verified Varun Agarwal’s employment and academic history.
  • OffDeal runs two-person deal teams pairing a banker with an engineer; Agarwal has been working with founding software engineer Luis Ruiz Morel.
  • He says valuations now take one to two days via proprietary software, with AI transcribing calls and handling pitchbook revisions.
  • Agarwal reports managing 10–11 live deals at OffDeal compared with 2–3 at JPMorgan, which he says lets him spend more time with buyers and sellers.
  • He says the startup targets small-business transactions and views early AI fluency as a timely career advantage; OffDeal’s performance claims come from his account without independent corroboration.