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.

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