VC Diligence
Model Overview
VC Diligence is a light diligence model that gives users a quick understanding of a company‘s performance.
- Financial statements
- Fraud detection analysis - Beneish M-score & External Funding dependence
The model is best for Investors and users who are conducting pre-investment screening to gain a quick access to a target company’s financial performance and health.

Overall Structure of VC Diligence Model
- Most toggles and input apply only to the current tab and do not affect across the workbook.
- Input/adjustable cells are displayed in blue font with a blue background.
- Some financials are hidden by default, click “+” on the top to reveal.
Main Features
Quick Risk Analysis
- Fraud Check
- Beneish M-Score: Detects for probability of earnings manipulation.

- External funding dependence
- Measures how much the business relies on external capital to sustain operations.

Financial Statements
- 3 Financial Statement all built from Journal-level Data.
- Cash Flow Statement is built with indirect method.
- Free to adjust accounting period.

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Last updated on November 13, 2025