Readiness Check
4 critical red flags require resolution before approaching Series B investors.
All 9 modules must have required fields completed before starting investor engagement.
High reliance on early-stage pipeline weakens revenue defensibility with growth investors.
Risk-adjusted revenue divided by management forecast indicates haircut severity.
Historical delivery against Series A plan determines credibility of forward projections.
Installed plant and machinery capacity must support the projected revenue forecast.
Valuation step-up multiple should not exceed 1.5x the actual revenue growth achieved since Series A.
Proposed entry price must afford target returns (MOIC & IRR) under the Base exit scenario.
Comparables layers feeding multiples should have at least 3 verified data points for statistical relevance.
Valuation multiple exceeding 1.25x Tier 1 peer median requires strong defensibility before investors.
Top OEM client contributing over 35% of forecast creates key-account dependency risk.
Every discount and premium applied to the base multiple must carry a Board-approved rationale.