How to write an IC memo that reconciles.
Worked guides for emerging GPs, angels, syndicate leads, and accelerator IC staff. Each one takes a question you'd actually type into a search box — "how do I size a market bottom-up," "what does dilution do to my ownership," "how many deals should a $25M fund make" — and answers it with the exact arithmetic the kit's engine uses, run on a real example. No fluff, no gated PDF to read them.
Before the technical guides, here's the plain-English version of the terms they assume. An IC memo is the write-up an investor circulates before putting money into a startup. A check is the amount you invest; a round is a fundraise the company runs. Dilution is your ownership shrinking as later rounds issue new shares. A liquidation preference is the right of certain investors to be paid back first when the company sells. TAM/SOM are market-size estimates (total possible vs. the slice you can realistically win). If those are new, read MOIC vs IRR and dilution + liquidation preference first — they build each idea from zero on one worked example — then the rest will read easily.