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Playbooks
Playbook

Fundraise Diligence Playbook for CFOs

Finance

8 min read

The data room checklist

  • Cap table with option pool math
  • Bank statements (24 months)
  • Financial statements + auditor letters
  • Customer contracts (top 20 by ARR)
  • Cohort retention exports from billing system
  • Compensation, equity grants, and 409A

Model must-haves

Driver-based, monthly, 36 months forward. Toggle for three scenarios. NRR, GRR, magic number, burn multiple visible on cover.

Questions to pre-answer

  • Why did MRR dip in month X?
  • What is the payback on your top acquisition channel?
  • What breaks first if you cut burn 30%?
  • What is your gross margin trajectory and why?
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