Venture Capital case studies, worked step by step

Cases
100
Traced to a firm
33
Topics
13
Hard
30
Topic
All topicsTerm sheets and waterfalls9Company pitch10Portfolio management and follow-ons8Unit economics9Down rounds, distress and runway7Fund economics and LP maths6Market sizing and theses8SaaS metrics and diagnostics9Cap tables and round modelling8Growth equity returns8Diligence and red flags5Exits and secondaries6Early-stage valuation7
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 11–17 of 17 · filtered from 100Clear filters
  1. 070What is a trend you see in an industry of interest? Take rooftop solar for small factories: size the yearly install market as adoption climbs an S-curve, find when it peaks, and say what share Suryavik Energy would need for Rs 500 crore of revenue.Market sizing and thesesCoreBessemer Venture PartnersNew York · 2022
  2. 076Pitch Ruvaan Farmlink, a seed-stage farm-input marketplace raising Rs 12 crore at Rs 60 crore post-money. Why do you like the company and its industry, and what exit does a 10x on this cheque need if later rounds dilute the fund by 40%?Company pitchCoreInsight PartnersNew York · 2023
  3. 082If you were to open a restaurant, what are the key concerns? Quantify them for Chulhavik Dining's Rs 1.5 crore, 80-seat outlet at 1.5 and at 2.5 table turns a day, and say which risk matters most.Unit economicsCoreGeneral AtlanticBeijing · 2014
  4. 084How would you value a B2B SaaS company? Value Hisabvik Systems: ARR Rs 45 crore, next-year growth 60%, NRR 118%, gross margin 78%, free cash flow margin minus 20%. Peers trade from 6x to 14x next-year ARR, the top reserved for growth above 50% and NRR above 115%. Derive a range and a point.SaaS metrics and diagnosticsCoreBattery VenturesBoston · 2022
  5. 086Your portfolio company Billvik Invoicing (ARR Rs 30 crore, growth 55%, CAC payback 15 months, Rs 1,500 a month) faces three competitors at ARR Rs 80, 22 and 12 crore, growth 30%, 90% and 120%, payback 11, 24 and 30 months, and price Rs 1,200, 1,900 and 900. Where does Billvik win, where is it exposed, and what should the board push on?Portfolio management and follow-onsCoreBessemer Venture PartnersNew York · 2022
  6. 089Explain a company the fund should invest in: Tavorin Naturals, a direct-to-consumer personal care brand with revenue of Rs 160 crore, gross margin 68%, marketing at 38% of revenue and 41% of revenue from repeat customers, raising Rs 80 crore at Rs 640 crore post. Is 4x revenue earned?Company pitchCoreGeneral AtlanticNew York · 2022
  7. 099What is the worst investment the fund has made? Write the post-mortem on Bazaarvik Social Commerce, written off after the fund put in Rs 45 crore over three rounds while buyers grew 6x on incentives of up to Rs 140 an order. Which signals were visible at each round, and what rule would have stopped the follow-ons?Portfolio management and follow-onsCoreBessemer Venture PartnersNew York · 2014

Company names and figures are illustrative.