Gather Core Financial Legal and Operational Inputs
The founder systematically compiles all foundational venture documentation, including cap tables, financial models, IP registers, customer contracts, and governance records. They assemble these materials into a preliminary audit folder to establish a single source of truth for the exit evaluation.
Completing this action consolidates all baseline operational, legal, and financial documentation required for an exit assessment into one accessible location. It creates the factual foundation for the Exit Readiness Diagnostic, ensuring subsequent scoring is based on complete documentation rather than selective memory.
The founder must present an organised audit repository containing up-to-date cap tables, management accounts, key commercial contracts, and an IP ownership log. Any missing documentation must be explicitly flagged with a target resolution date.
Five questions an expert would ask when reviewing your output
Use these to challenge assumptions, pressure-test your logic, and check the quality of this action's output in the context of the parent task and wider venture development.
- 1
What critical legal or financial documentation is currently missing from this repository, and why has it not been executed?
- 2
How confident are you that your cap table accurately reflects all historical options, warrants, and convertible notes without discrepancies?
- 3
Which commercial contracts contain change-of-control clauses that could jeopardise an acquisition if triggered?
- 4
What evidence proves that all proprietary intellectual property is fully assigned to the legal entity without founder encumbrance?
- 5
How do your current management accounts reconcile with audited filings over the last eighteen months?