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 21–30 of 67 · filtered from 100Clear filters
  1. 029Sikkavik Payments raised Rs 4 crore on a SAFE with a Rs 40 crore cap, and now raises a Series A. How do the founders fare if the SAFE was pre-money versus post-money, and who carries the SAFE's dilution in each case?Cap tables and round modellingHardFintech VCSeed and early-stage VC
  2. 030Sudhvik Partners Fund III exits its first deal early for a big gain and later loses heavily on its second. Compare the carry paid under a deal-by-deal waterfall and a whole-fund waterfall, and work out the clawback at the end.Fund economics and LP mathsHardFund of funds and LPsGrowth equity
  3. 031Poshvik Nutrition takes an insider bridge as a convertible note with a 25% discount and a cap at 70% of the last post-money. The next round prices lower. Which term binds, how much does the bridge own, and what would a flat round have given it?Down rounds, distress and runwayCoreConsumer internet VCSeed and early-stage VC
  4. 032Hypervik AI raised at Rs 2,000 crore post-money on Rs 40 crore of ARR, 50 times. If mature peers trade at 10x ARR and this round needs 3x in five years after 25% dilution, what ARR must Hypervik reach, and what growth does that imply?Early-stage valuationCoreSaaS-focused VCGrowth equity
  5. 036Kalpvik Games sells for Rs 350 crore. Seed, Series A and Series B each hold preferred shares with different preferences, participation and seniority. Run the waterfall: who gets what?Term sheets and waterfallsHardSeries A to C VCConsumer internet VC
  6. 037Haatvik Commerce reports Rs 480 crore of revenue by booking the full value of goods its sellers sell on the platform. Seller payouts are Rs 430 crore and returns are 9% of GMV. What is net revenue, what is the real take rate, and what multiple should you use?Diligence and red flagsCoreConsumer internet VCIndia VC
  7. 038Dukanvik Retail Tech lists at Rs 5,000 crore post-issue with a Rs 600 crore fresh issue and a Rs 400 crore offer for sale. Your fund holds 9% before the issue. How much can you sell, what do you own after listing, and what does the lock-up mean for your realised multiple?Exits and secondariesCoreGrowth equityIndia VC
  8. 039Nikhravik Beauty, a D2C skincare brand, pays Rs 650 to acquire a customer, and only some customers reorder. When does a customer become profitable?Unit economicsCoreConsumer internet VCIndia VC
  9. 042Size Hirevik Talent's option pool for the next 18 months from its hiring plan. What pool should the Series A term sheet specify, and who pays for it?Cap tables and round modellingWarm upSeries A to C VCSeed and early-stage VC
  10. 043Kaalvik Growth Fund I is in year eleven with two assets left. The GP proposes a continuation vehicle at a 10% discount to NAV. What does a selling LP get, what must the assets reach for a rolling LP to do better, and where is the conflict?Fund economics and LP mathsHardSecondariesFund of funds and LPs

Company names and figures are illustrative.