Associate Memo

Prompt Template

Write a professional and concise VC Associate Investment Memo. The memo should be clear, analytical, and formatted into the following sections:

Executive Summary – What the company does, why it matters, and the key investment highlights.

Team – Founders and key team members, backgrounds, and why they're well-positioned to win.

Market – Market size (TAM/SAM/SOM), trends, and dynamics that make this an exciting space.

Product – Description of the product, core technology, and differentiation vs. competitors.

Traction – Key metrics (revenue, users, growth rate, retention, etc.) and milestones achieved.

Business Model – How they make money, pricing strategy, and unit economics if available.

Competition – Major competitors and differentiation, with a simple competitive matrix if possible.

Risks – Key concerns, uncertainties, or red flags we should consider.

Deal Terms – Round size, valuation, investor rights, and who else is participating.

Investment Thesis – Why we should invest, with bullet points that summarize the core case.

Recommendation – Proposed action (e.g., lead, follow, pass), ownership target, and next steps.

The tone should be crisp and fact-driven, suitable for an internal partnership discussion.
Edit

Examples

VC Investment Memo – Contractly
Date: April 10, 2025
Author: [Your Name]
Stage: Seed
Ask: $2.5M on a $10M pre-money valuation

1. Executive Summary
Contractly is an AI-powered contract automation platform focused on helping mid-market legal and sales teams reduce turnaround time on B2B agreements. The product integrates with CRMs and common cloud storage platforms to streamline redlining, approvals, and e-signature in a single workflow. Early traction with 40+ paying customers and 20% month-over-month growth. This is a highly scalable product with potential to expand across legal tech and adjacent verticals.
VC Investment Memo – HealthMetrics
Date: April 15, 2025
Author: [Your Name]
Stage: Series A
Ask: $8M on a $32M pre-money valuation

1. Executive Summary
HealthMetrics provides a comprehensive healthcare analytics platform enabling hospitals and healthcare systems to optimize operational efficiency and improve patient outcomes. Their AI-powered solution integrates with electronic health records (EHR) systems to identify cost-saving opportunities, predict patient readmissions, and streamline resource allocation. The company has demonstrated strong product-market fit with 22 enterprise healthcare clients, $3.2M ARR (growing 140% YoY), and exceptional retention metrics with 115% net revenue retention. The round will fund expansion of their sales team and development of additional AI prediction modules.

Try with a File