Growth Equity Evaluation

Growth
Equity.

Full-spectrum investment evaluation for growth-stage companies. Valuation, unit economics, competitive moat, term sheet analysis, ESOP modeling, and a complete advisory pack — from comparable rounds to a value creation playbook.

The diligence depth of a buyout, calibrated for growth-stage dynamics.

What it is.

A multi-perspective evaluation engine built for growth equity investments. Upload the pitch deck, data room, term sheet, financial model, and any supporting materials. The engine runs 10 independent analytical perspectives — financial, legal, strategic, operations, risk, marketing, people & culture, technology, customer impact, and governance — then produces a full advisory pack with valuation analysis, dilution modeling, comparable rounds, and a post-investment value creation playbook.

Growth equity has its own dynamics — founder alignment, ESOP dilution, follow-on strategy, and the tension between growth and unit economics. This product is built to evaluate those specifically.

How it works.

01
Upload
Pitch deck, data room, term sheet, financial model, cap table, customer references, technical documentation. The document reader extracts and structures everything.
02
Analyze
10 perspectives run in parallel — each analyzing the investment through their professional lens, cross-referencing against web intelligence, and producing independent findings with confidence levels.
03
Synthesize
The engine resolves cross-perspective tensions, builds a decision framework with probability bands, and produces a verdict table with red flag triage and critical assumptions.
04
Deliver
A complete advisory pack: valuation sensitivity, dilution waterfall, comparable rounds, term sheet analysis, ESOP modeling, founder assessment, follow-on strategy, and a value creation playbook.

What the report covers.

Every Growth Equity report follows a three-part structure: a brief with key findings and decision framework, a full advisory pack with investment-specific deliverables, and a deep multi-perspective analysis of the target company.

The Brief
Executive Summary & Decision Framework
Key findings, probability framing, red flag triage, verdict table, critical assumptions, and a decision matrix — everything the IC needs on one page.
Advisory
Valuation & Entry Price Sensitivity
Pre-money and post-money analysis across entry scenarios. Revenue multiple sensitivity, growth-adjusted comparisons, and return modeling at different exit multiples and timelines.
Advisory
Dilution Waterfall & Cap Table
Full dilution modeling through current round and projected future rounds. ESOP pool sizing, option pool shuffle analysis, and founder ownership trajectory across scenarios.
Advisory
Term Sheet Analysis
Liquidation preferences, anti-dilution provisions, protective provisions, board composition, drag-along and tag-along rights — benchmarked against market norms for this stage and sector.
Advisory
Comparable Rounds
Direct comparables from the same stage and sector, adjacent market precedents, and implied valuation context drawn from both uploaded documents and web intelligence.
Advisory
Follow-On Strategy
Reserve modeling across follow-on scenarios. Pro rata rights analysis, bridge round probability, and portfolio construction implications for the fund.
Advisory
Founder & Team Assessment
Leadership track record, team completeness, key-person dependencies, vesting structures, and alignment between founder incentives and investor return targets.
Advisory
Unit Economics & Growth Quality
CAC payback, LTV/CAC, cohort retention, net revenue retention, gross margin trajectory, and the sustainability of the current growth rate under scrutiny.
Advisory
Questions for Management
Must-answer questions before term sheet and should-answer before close — generated from gaps and tensions identified across all perspectives.

10 analytical perspectives.

Each perspective produces an independent, sourced analysis with findings, red flags, upside signals, and specific recommendations. They challenge each other — and the report surfaces where they disagree and why.

Also included.

Every Growth Equity report includes supplementary exhibits and cross-perspective analysis:

Value creation playbook.

Every report includes a post-investment operating framework built from findings across all 10 perspectives — not generic templates, but plans derived from the specific opportunities, constraints, and competitive dynamics identified in the analysis.

Who it's for.

Growth equity investors evaluating Series A through late-stage opportunities. Venture capital firms doing deeper diligence on larger checks. Family offices entering direct growth-stage investments. Fund-of-funds evaluating co-investment opportunities alongside lead investors.

Powered by Cortix Depth.

Growth Equity runs on the same proprietary engine and reasoning methodology behind Cortix Advisory engagements.

The architecture
Cortix Stack.
Engines stacked and orchestrated at whatever scale the problem demands — running in parallel, without ceiling. The deeper the question, the more capability we bring to bear.
The reasoning
Cortix Lens.
A proprietary methodology that challenges, cross-examines, and resolves every finding before it surfaces. Cortix Lens is what makes the output accountable to evidence.
Patent pending