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 1–6 of 6 · filtered from 100Clear filters
  1. 003Give me your opinion of our current portfolio. Meruvale Ventures Fund II reports a TVPI of almost 2.9x, but three of its biggest marks date from 2021 and one company is nearly out of cash. What is a defensible NAV?Portfolio management and follow-onsHardBattery VenturesBoston · 2019
  2. 016What do you think about this portfolio company? Nirikvik Logistics has grown revenue 58% since its last round, but margins are down, burn is up and eight months of cash are left. Is it a better or worse business than the one you invested in?Portfolio management and follow-onsWarm upInsight PartnersNew York · 2025
  3. 035Which of our investments is your least favourite? Korvanta Ventures Fund I holds five companies with very different problems. Rank them on the numbers, pick one, and phrase it for a partner who may have sourced it.Portfolio management and follow-onsCoreBattery VenturesBoston · 2019
  4. 068Get grilled on a company of your choosing: Rakshavik Cyber. Defend its metrics, size the three biggest risks, and explain what its last round's terms mean for the fund if the next round is flat.Portfolio management and follow-onsHardBattery VenturesSan Fransisco · 2026
  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. 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.