투자 심사역으로 일하면서 가장 어려움을 겪고 있는 부분이 바로 투자심사보고서 작성입니다. M&A와 같이 대형 투자 프로젝트는 각 분야별 전문가들과 컨설턴트들, Boutique 등 다양한 이해관계자들이 Due Diligence를 진행하고, 관련 보고서들을 상세하게 작성해서 가장 중요한 본질 가치 분석에 집중할 수 있지만, 스타트업 기업의 경우는 아무리 많은 자료를 기업에서 제공하였다고 해도, 눈높이가 까다로운 심사역들에게는 논리적 결함이 많이 보일 수 밖에 없는 것이 사실입니다. 관련 분야에 대해 리서치도 별도로 하고, 업체의 기술 수준에 대해서도 다양한 지인들을 동원해서 Reference Check도 많이 하고 있는데, IR 자료와 기초 정보를 입력하는 방식 만으로 초안 버전의 투자심사보고서를 제공받을 수 있다면 시간을 엄청나게 아낄 수 있을 것으로 기대하고 있습니다.
우선 보고서의 뼈대가 되는 TOC를 마인드맵 형태로 달라고 했습니다.
Investment Review Report
│
├─ Executive Summary
│ └─ Key points and recommendations
│
├─ Company Overview
│ └─ Background, mission, and vision
│ └─ Management team qualifications and track record
│ └─ Industry positioning and competitive advantage
│
├─ Market Analysis
│ └─ Target market and industry trends
│ └─ Market size, growth potential, and target audience
│ └─ Potential risks and challenges
│
├─ Product/Service Evaluation
│ └─ Uniqueness, differentiation, and market fit
│ └─ Scalability and growth potential
│
├─ Financial Analysis
│ └─ Historical financial statements
│ └─ Revenue growth, profitability, and cash flow
│ └─ Financial projections and assumptions
│
├─ Competitive Landscape
│ └─ Key competitors and market share
│ └─ Competitive positioning and barriers to entry
│ └─ Competitive advantage and differentiation strategies
│
├─ SWOT Analysis
│ └─ Strengths, weaknesses, opportunities, and threats
│
├─ Investment Potential
│ └─ Return on investment (ROI) and profitability
│ └─ Investment risks and mitigating factors
│ └─ Alignment with investment strategy
│
├─ Due Diligence
│ └─ Legal, regulatory, and compliance aspects
│ └─ Red flags or concerns
│
└─ Investment Recommendations
└─ Overall assessment
└─ Recommendations
└─ Risks and rewards summary
그리고 기업들로부터 받을 기본 정보에 대해 구글 폼에 입력할 내용도 달라고 했습니다.
Investment Review Questionnaire:
우선 보고서의 뼈대가 되는 TOC를 마인드맵 형태로 달라고 했습니다.
Investment Review Report
│
├─ Executive Summary
│ └─ Key points and recommendations
│
├─ Company Overview
│ └─ Background, mission, and vision
│ └─ Management team qualifications and track record
│ └─ Industry positioning and competitive advantage
│
├─ Market Analysis
│ └─ Target market and industry trends
│ └─ Market size, growth potential, and target audience
│ └─ Potential risks and challenges
│
├─ Product/Service Evaluation
│ └─ Uniqueness, differentiation, and market fit
│ └─ Scalability and growth potential
│
├─ Financial Analysis
│ └─ Historical financial statements
│ └─ Revenue growth, profitability, and cash flow
│ └─ Financial projections and assumptions
│
├─ Competitive Landscape
│ └─ Key competitors and market share
│ └─ Competitive positioning and barriers to entry
│ └─ Competitive advantage and differentiation strategies
│
├─ SWOT Analysis
│ └─ Strengths, weaknesses, opportunities, and threats
│
├─ Investment Potential
│ └─ Return on investment (ROI) and profitability
│ └─ Investment risks and mitigating factors
│ └─ Alignment with investment strategy
│
├─ Due Diligence
│ └─ Legal, regulatory, and compliance aspects
│ └─ Red flags or concerns
│
└─ Investment Recommendations
└─ Overall assessment
└─ Recommendations
└─ Risks and rewards summary
그리고 기업들로부터 받을 기본 정보에 대해 구글 폼에 입력할 내용도 달라고 했습니다.
Investment Review Questionnaire:
- Company Information:
a. Company Name:
b. Industry:
c. Year Founded:
d. Company Website:
e. Headquarters Location:
f. Number of Employees:
g. Legal Structure (e.g., LLC, Corporation): - Financial Information:
a. Revenue for the Last Fiscal Year:
b. Net Income for the Last Fiscal Year:
c. Current Assets:
d. Current Liabilities:
e. Total Assets:
f. Total Liabilities:
g. Cash Flow from Operations for the Last Fiscal Year:
h. Debt-to-Equity Ratio: - Market Analysis:
a. Target Market Segment:
b. Market Size (Estimated or Actual):
c. Growth Rate of the Target Market:
d. Competitors in the Market: - Product/Service Information:
a. Description of the Product/Service:
b. Unique Selling Proposition:
c. Key Features and Benefits:
d. Intellectual Property Protection (if applicable): - Management Team:
a. Founder(s) and Key Executives:
b. Relevant Experience and Qualifications:
c. Track Record of Success: - Competitive Landscape:
a. Key Competitors:
b. Competitive Advantage:
c. Barriers to Entry: - SWOT Analysis:
a. Strengths:
b. Weaknesses:
c. Opportunities:
d. Threats: - Investment Requirements:
a. Amount of Funding Required:
b. Planned Use of Funds:
c. Expected Return on Investment (ROI):
d. Timeframe for Investment: - Additional Comments or Information:
관련 내용에 대해 좀 더 진행해보고 추가 공유 드리겠습니다 :)