“Your 'special situation' seems to be explaining away your actual returns.”
Story & Problem
5.0You've identified a 'capital gap' for companies, which really means there's a problem *for other investors* who can't figure out this space. Good luck convincing me you're the chosen one to solve their ignorance.
Market Size
2.0You talk about a 'capital gap' but offer zero quantification of its size. Is this gap a canyon, a pothole, or just the space between my wallet and your pitch?
Business Model
4.0Your business model is 'be a fund' and 'structured capital,' which is fine, but burying the full portfolio's 12% IRR in a footnote while leading with 33% is a confidence game, not a business model.
Team
6.065+ years of experience sounds impressive, but Zhenny's background at Harry's has me wondering if you're planning on disrupting the shaving industry with sustainable biochar.
Traction & GTM
2.0Leading with '33% gross IRR' then footnoting the actual '12% IRR' for your *full unadjusted portfolio* isn't traction; it's a masterful display of accounting gymnastics designed to mislead.
Design & Clarity
5.0The deck looks clean and professional, but that deliberately confusing footnote on page 4 isn't clarity; it's just hoping I don't read the fine print.
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