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 1–10 of 67 · filtered from 100Clear filters
  1. 001A Series A lead offers Kavachik Security a higher pre-money valuation, but only with a bigger option pool, a 1.5x liquidation preference and a second board seat. What does each term cost the founders, and which would you trade?Term sheets and waterfallsHardSeries A to C VCSaaS-focused VC
  2. 004Kistvik Credit makes 30-day pay-later loans of Rs 8,000 for a 3% fee. With its funding cost, defaults and servicing costs, does each loan make money, and at what default rate does it break even?Unit economicsHardFintech VCIndia VC
  3. 005Udyamik Commerce is offered Rs 20 crore of venture debt with warrants. How much runway does it really add, and what does it cost if the company later sells for Rs 2,000 crore?Down rounds, distress and runwayCoreVenture debtIndia VC
  4. 006Meghvik Capital runs a Rs 250 crore fund on a 2% fee. Does the fee cover the team, and what would each partner earn in carry if the fund returns 2.5x gross?Fund economics and LP mathsWarm upFund of funds and LPsSeed and early-stage VC
  5. 007Size a market that replaces something: Urjavik Storage sells battery packs to replace diesel generators at telecom towers. How big is the market, and does the product pay for itself?Market sizing and thesesCoreDeep tech VCIndia VC
  6. 008Read Vantrel Analytics' cohort table: three yearly cohorts, each measured today. What is each cohort's annual net revenue retention, and what does the trend mean for the growth plan?SaaS metrics and diagnosticsCoreSaaS-focused VCSeries A to C VC
  7. 010A growth fund owns 14% of Shikharik Consumer and the company lists at Rs 6,000 crore. The fund can sell only part of its stake in the IPO and must hold the rest through a lock-up. What does it actually realise?Growth equity returnsCoreGrowth equityIndia VC
  8. 012Chaivik Beverages offers to buy back an angel's 1.5% stake at a 30% discount to its last round. What is the price, what multiple does the angel make, and what happens to everyone else?Exits and secondariesWarm upSeed and early-stage VCConsumer internet VC
  9. 013Value Trivenik Biotech's Series A with three scenarios, a 35% discount rate and 40% dilution to exit. What post-money valuation can a Rs 40 crore investor justify?Early-stage valuationHardHealthcare VCDeep tech VC
  10. 014Notevik Payments raised a Rs 5 crore convertible note with interest, a discount and a valuation cap. When the Series A prices, how many shares does the noteholder receive?Term sheets and waterfallsCoreFintech VCSeed and early-stage VC

Company names and figures are illustrative.