Sample report — this is a fictional company for demonstration. Real reports are generated from your uploaded documents.

Investor Diligence Passport

Acme SaaS Inc. · Series A · Sample Company

Sample Report

out of 100

Needs Attention

4 / 6 claims supported3 docs missing3 critical/high risks

Category Scores

Data Room Completeness

Cap table and incorporation docs uploaded; financial model missing revenue assumptions tab. IP assignment agreement not found.

Claim–Evidence Match

12 of 22 deck claims are supported by uploaded documents. Key ARR figure on slide 7 lacks a supporting financial model.

Financial Health

Burn rate not explicitly stated. MoM growth claim of 23% is not reconcilable with the revenue figures in the uploaded CSV.

Customer Traction

3 signed customer contracts uploaded. Top customer represents 41% of ARR — concentration risk flagged.

IP & Legal

Incorporation docs present. SAFE agreements on file. No IP assignment agreement for two early contractors.

Technical Posture

No README, no deployment docs, no .env.example. Semgrep flagged one hardcoded API key in commit history.

Team

LinkedIn profiles verified for two co-founders. Advisory board listed with recognizable names.

Red Flag Register

critical

ARR figure on deck slide 7 cannot be reconciled with uploaded financials

Financial

Investor concern: Investors will independently model your numbers. A 34% discrepancy between slide claims and your own spreadsheet signals either an error or intentional misrepresentation.

Fix: Upload a version of your financial model where Slide 7 ARR ($2.1M) ties directly to a specific cell or tab. Add a footnote indicating the ARR calculation methodology (recognized vs. contracted).

high

Single customer represents 41% of ARR

Customer

Investor concern: Any Series A investor will ask what happens if this customer churns. Concentration above 30% is a standard flag in institutional due diligence templates.

Fix: Document the contract term, renewal history, and expansion signals for this customer. Prepare a churn scenario analysis showing 12-month runway impact.

high

No IP assignment agreement for two early contractors

IP & Legal

Investor concern: Work-for-hire does not automatically transfer IP in most jurisdictions. If either contractor claims ownership of core IP, the company cannot clear title during diligence.

Fix: Obtain signed IP assignment / PIIA agreements from both contractors. If either is unresponsive, document the work scope and payment records as secondary evidence.

medium

Hardcoded API key detected in git commit history

Technical

Investor concern: Sophisticated investors run automated security scans on repos. A leaked key in history signals poor security hygiene and may require emergency rotation before diligence.

Fix: Rotate the affected key immediately. Use git-filter-repo or BFG to remove the commit from history. Add a pre-commit hook (detect-secrets or gitleaks) going forward.

medium

Financial model missing revenue assumptions tab

Data Room

Investor concern: Without a clearly documented assumptions tab, investors cannot stress-test your projections. This prolongs diligence and signals the model may not be robust.

Fix: Add an Assumptions tab to your financial model listing: pricing per seat, conversion rates, churn rate, headcount plan, and CAC/LTV inputs.

Claim–Evidence Matrix

Claim	Type	Source	Status
We grew ARR 23% month-over-month for the past 6 months	growth	Pitch Deck p.7	Not supported
Our NPS score is 72, above the SaaS industry average of 41	customer	Customer Survey PDF	Supported
The total addressable market is $4.2 billion by 2027	market	Pitch Deck p.3	Partial
We have 3 signed enterprise contracts totalling $840K ARR	revenue	Customer Contracts	Supported
Our technology is patent-pending with USPTO filing #63/812,441	ip	Pitch Deck p.11	Not supported
We operate in 12 countries across North America and Europe	traction	Pitch Deck p.9	Partial

Investor Q&A Pack (Sample)

Q1. What is your current ARR and how is it calculated?

Based on uploaded contracts, annual recurring revenue is approximately $840K from 3 signed customers. However, the deck states $2.1M ARR, which cannot be reconciled with the uploaded financial model. Founders should clarify whether this figure includes pipeline, verbal commitments, or a different ARR definition.

Q2. What happens to the business if your largest customer churns?

The top customer (Meridian Corp) represents 41% of ARR ($344K). If they churn, runway drops from 18 months to approximately 11 months at current burn. The company would need to either raise immediately or cut burn by ~30% to maintain 12 months of runway.

Q3. Who owns the IP and are there any outstanding claims?

Two co-founders have signed IP assignment agreements. However, two early contractors who contributed to the core authentication module have not signed PIIA agreements. This creates a potential gap in IP ownership that must be resolved before closing.

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This sample report is for demonstration purposes only. All company names, data, and findings are fictional. Real reports are generated from your actual uploaded documents and are confidential.