Non-Lead Diligence Checklist
For: Investors
Inputs: Yes/Partial/No on team, product, traction, market, and round dynamics
Output: pass / almost / fail band and gaps to close
Time: 20 min
v1.1.1, updated Oct 2026
Read the issue behind this modelFor: Investors
Inputs: Yes/Partial/No on team, product, traction, market, and round dynamics
Output: pass / almost / fail band and gaps to close
Time: 20 min
v1.1.1, updated Oct 2026
Read the issue behind this modelFor: Pre-seed investors. Founders who want to know why a fund passed.
Inputs: fund size, check, post, the exit you believe, dilution per round, pro rata Y/N
Output: exit to return the fund, % of fund your exit returns, max post you can pay, verdict
Time: 2 min
A $500k check at a $10M cap needs a ~$1.02B exit to return a $25M fund. Run yours.
v1.0 · updated Oct 2026
For: Both
Inputs: proposed valuation, option pool, liq pref, board seats, pro rata, anti-dilution
Output: ranked fight list and walk-away triggers
Time: 15 min
v1.1.1, updated Oct 2026
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