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Venture & Private Equity · IC dossier + simulator

A Series D workup: cohorts read, moat interrogated, memo written

The finished work

Coriolis IC Dossier, 1 of 17 Coriolis IC Dossier, 2 of 17 Coriolis IC Dossier, 3 of 17 Coriolis IC Dossier, 4 of 17 Coriolis IC Dossier, 5 of 17 Coriolis IC Dossier, 6 of 17 Coriolis IC Dossier, 7 of 17 Coriolis IC Dossier, 8 of 17 Coriolis IC Dossier, 9 of 17 Coriolis IC Dossier, 10 of 17 Coriolis IC Dossier, 11 of 17 Coriolis IC Dossier, 12 of 17 Coriolis IC Dossier, 13 of 17 Coriolis IC Dossier, 14 of 17 Coriolis IC Dossier, 15 of 17 Coriolis IC Dossier, 16 of 17 Coriolis IC Dossier, 17 of 17
The scenario simulatorOpen full screen

Ten days of exclusivity on a Series D at $520M pre: the cohorts read against the pitch, the moat interrogated, the memo written.

What they asked for, word for word

Growth fund, $2.1B AUM, we write $30-60M checks into Series C and D. We have ten days of exclusivity on Coriolis (fictional company, real rigor): vertical SaaS for specialty pharmacy operations, $31M ARR growing 68 percent, 118 percent net revenue retention, gross margin 79 percent, burning $1.4M a month, raising $50M at $520M pre. Their data room gave us cohort tables and they claim their moat is integrations with the three dominant pharmacy management systems.

I need the growth-stage workup: cohort and retention analysis with what the numbers actually say versus the pitch; the moat interrogated — are those integrations a wall or a toll booth someone else can pay; TAM built bottoms-up from pharmacy counts, not a Gartner quote; valuation reality across scenarios — what do we have to believe for 3x at this entry; and the IC memo with recommendation and the two or three diligence calls we must make before wiring anything. Institutional quality throughout — this goes to a committee that has seen a thousand memos and forgives nothing.

What the studio made

The seventeen-page designed IC dossier: the cohort read, the moat verdict, the TAM built bottoms-up from pharmacy counts, the 3x bridge, and the recommendation. The scenario simulator puts the five valuation levers in the browser.

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