The feedback investors
never give you.

Most companies raise capital in the dark. I change that. I do the analysis, give you a real score, and tell you exactly where you stand and why, before you walk into any room.

Raising Capital Is a Black Box

A founder submits a deck to 50 investors. Over the following weeks, they hear back from a handful. Most responses are silence. The few that do reply say some version of "not a fit right now," with no explanation of what "fit" actually means or what would need to change.

That feedback is not useful. It does not tell you whether the problem is the team, the market, the financial model, or how you are articulating your capital needs. It does not tell you whether you were close or miles away.

The investor is not being unkind. They simply do not have time to give substantive feedback to every company they review, and that is understandable. But it leaves founders with nothing to work with.

What Most Founders Hear

"Thanks for reaching out. This isn't the right fit for us at this time."

"We're going to pass. Good luck with the raise."

[No response]

None of these tell you what to fix, what to sharpen, or whether you were 5 points away from a yes.

I Do the Work. You Get the Answers.

Every company that completes the full evaluation receives a scored report with category breakdowns, strengths, concerns, and a clear explanation of where you stand and why. That report is yours regardless of the outcome.

📊

A Real Score

Your company is evaluated on a 100-point rubric across four categories. You receive the full scored report: not a summary, not a vague impression. A number, category by category, with the reasoning behind it.

🔍

Honest Feedback

I tell you what is working and what is not. A 74 is a 74. I do not soften scores to win business. You get the same assessment an investor would form on their own, except I show you the reasoning and they never would.

📋

A Path Forward

The report tells you what to address, not just where you landed. Companies that fall below the introduction threshold receive specific feedback on what would need to improve before going to funders.

The Documents I Build for You

Every company that completes the full evaluation receives two core deliverables: a Scored Evaluation Report and a Value Drivers Assessment. For companies above the introduction threshold, I also build an Executive Summary and Financial Model Overview.

Document 1: Scored Evaluation Report

Ironwood Growth Partners | Evaluation Report Confidential
Apex Manufacturing Co.
Sector: Industrial Hardware  |  Stage: Series A
Capital Sought: $4,200,000  |  Evaluated: June 2026
82/100
● Strong
Category Scores
Product
16 / 20
People
25 / 30
Market
15 / 20
Capital
26 / 30
Key Strengths
Founding team carries 14 years of combined domain experience with two prior successful exits in adjacent sectors
Capital use articulated with measurable outcomes; strong Value Drivers framework with 18-month milestones defined
Gross margins at 67% with defensible unit economics at current scale
Areas of Concern
SAM estimate requires validation; current TAM/SAM ratio appears optimistic by 30-40% without supporting data
VP of Sales role currently open; investors will flag this as an execution risk during diligence
Routing Recommendation
Recommended for warm introduction. Matches thesis criteria for 4 network investors. Full deal package prepared.

Document 2: Value Drivers Assessment

Ironwood Growth Partners | Value Drivers Assessment Capital Category
Apex Manufacturing Co.
Capital Request: $4,200,000  |  Structure: Series A Equity
Runway Post-Close: 22 months  |  Break-Even: Month 19
Capital Score
26/30
Use of Capital: Value Driver Breakdown
Sales Team Buildout $1,400,000  (33%)
Hire 3 regional reps and VP of Sales. At current 28% close rate on qualified leads, projects $2.8M in new ARR within 18 months.
Measurable Outcome
Manufacturing Capacity $1,800,000  (43%)
Expand production to 2x throughput. Clears $900K backlog and reduces per-unit COGS by 12% at scale.
Measurable Outcome
Working Capital Reserve $600,000  (14%)
18-month cushion covering payroll and accounts payable through projected break-even milestone at Month 19.
Runway
Product R&D $400,000  (10%)
Next-generation module development on 12-month timeline. Pilot with 2 existing enterprise accounts before broader release.
Measurable Outcome
Ironwood Assessment
Capital allocation is specific, proportional, and tied to measurable outcomes. Founder can answer "what does this dollar produce" for each line item. This is the Value Drivers standard met.

What I Look For in Each Category

Each of the four categories reflects a different dimension of company readiness. Here is what I am actually assessing, and why it matters to sophisticated investors.

Product 20 Points

What I Evaluate

  • Defensibility and IP protection
  • Unit economics at current scale
  • Product-market fit evidence
  • Development roadmap clarity
  • Technical risk and key dependencies
Investors want to know whether the product creates durable advantage, not just whether it works today. I assess the moat, not only the features.
People 30 Points

What I Evaluate

  • Founder domain expertise and track record
  • Team completeness for the current stage
  • Critical hires outstanding
  • Coachability and self-awareness
  • Co-founder alignment and cap table clarity
People carries the most weight because investors bet on teams first. A founder who has done it before and knows the domain deeply is worth more than a flawless deck.
Market 20 Points

What I Evaluate

  • TAM / SAM / SOM accuracy and support
  • Competitive landscape clarity
  • Go-to-market strategy and channel
  • Customer concentration risk
  • Market timing and tailwinds
Inflated market size estimates are among the first things investors flag. I pressure-test the numbers before you walk into the room so you can defend them.
Capital 30 Points

What I Evaluate

  • Historical financials and trajectory
  • Projection assumptions and methodology
  • Runway and burn rate clarity
  • Deal structure and valuation basis
  • Value Drivers framework (highest single weight)
Most companies can describe what they will do with capital. Few can articulate exactly how each dollar creates a specific, measurable outcome. That gap is where the Capital score is often won or lost.

The Value Drivers Standard

The single highest-weighted item in the entire evaluation is the Value Drivers assessment. It comes down to one question, and whether you can answer it clearly:

"If given $X, we will spend it on Y, which will produce Z: a specific, measurable outcome that creates this much revenue or value within this timeframe."

The Value Drivers Standard: Required for a Strong Capital Score

A polished financial model matters less than rigorous thinking about cause and effect. Investors hear this question answered vaguely every day. The founders who stand out are the ones with a specific, defensible answer.

I work with you to build that answer as part of the evaluation process, before you speak to a single investor.

Weak Answer

"We need $3M to grow the business, hire some key people, and expand into new markets."

No specifics. No measurable outcomes. No timeline. This scores poorly and raises red flags with experienced investors.

Strong Answer

"We need $3M. $1.4M funds 3 regional sales hires, which at our current 28% close rate will produce $2.8M in new ARR within 18 months. $1.1M expands production capacity, reducing COGS by 12% and clearing our $900K backlog."

Specific. Measurable. Defensible. This is what the Value Drivers standard looks like in practice.

Why This Framework Benefits You

The Value Driver Framework does not just serve companies. It directly improves the quality of every deal that reaches your desk from Ironwood.

📄

Pre-Evaluated Deals

Every company has already been scored before you see it. You receive the full evaluation report, not just a pitch deck. The analysis is done. Your first conversation starts from a much higher baseline.

🎯

Capital-Ready Founders

Companies that pass my threshold have already worked through their Value Drivers. You will not spend the first meeting asking what the capital is for. They have a specific, defensible answer ready.

Faster Diligence

The evaluation report surfaces strengths, flags concerns, and discloses knockout items before any introduction is made. Your diligence process starts from an informed position, not a blank page.

Ready for an honest read?

Start with a free read. It takes 10 to 15 minutes, and I respond personally within 5 business days.

Questions first? Contact me directly.