GP · Fund · Per deal
Investment committee memo and vote
The deal reaches its IC with a cited memo filed on it, every member’s vote on record and the decision noted on the company.
PlanInvestment committee memo and vote
Screen for conflicts
HeldOperator reads the deal and its diligence room, and screens the company and its founder for conflicts of interest.
OperatorWaits until the deal reaches ICDraft the IC memo
HeldOperator drafts the memo from the deal, the data room and your LPA: thesis, terms, risks, ownership and fund fit, citing every source.
OperatorReview the memo
HeldThe deal lead edits and accepts the memo. If Operator stalls on a missing source, they take the draft over.
PersonDeal lead approvesFile the memo on the deal
HeldFiles the accepted memo in the deal’s documents.
API actionGP confirmsCollect the votes
HeldEach IC member votes on their own step and adds a note. No one can vote for someone else.
Personper IC memberIC member approvesRecord the decision
HeldOnce every vote is in, you move the deal to IC approved or passed.
PersonWaits until the IC meeting endsGP approvesNote the decision on the company
HeldOperator writes a note with the outcome and the vote count, and adds it to the company’s record.
API actionGP confirms
The plan as it runs: each step waits for the one before it, and stops at its gate until the owner approves.
At a glance
Who runs it, and when
- Who runs it
- GP
- What starts it
- Your deal team moves a deal to the IC stage.
- How often
- Per deal
- Vehicle
- Fund
Ask Operator
Start it in a sentence
Ask Operator in chat. It drafts the plan for your fund, and nothing runs until you release it.
- You
Write the IC memo for this deal and collect the partners’ votes before Thursday’s IC.
- You
Prep this deal for IC.
- You
Draft the memo and get the IC to vote.
The outcome
The cited memo is filed on the deal, every member’s vote and note is on record, and the decision is noted on the company.
What it proves
- Starts on its own when the deal reaches the IC stage.
- Drafts the memo from your records and cites every number.
- Flags a conflict of interest before the memo reaches the committee.
- Lets each member close only their own vote.
- Hands a stalled draft to the deal lead without losing its place.
- Shows analysts the vote count, and partners every vote and note.