The ADIN blog
Better questions. Clearer decisions.
Practical guides and worked examples for founders, angel investors, scouts, limited partners, and fund managers.
553 / Limited partners
a generalist venture fund: DPI, RVPI, and TVPI distinguish distributed value, remaining value, and their total relative to paid-in capital under the stated definitions.
Read the guide →554 / Founders
AI workflow automation: Plan runway around both cash timing and the work needed to reach the next evidence milestone.
Read the guide →555 / Angel investors
a hardware startup: A valuation discussion should make the assumptions and the investment instrument visible.
Read the guide →556 / Limited partners
a micro venture fund: Trace fees and expenses through the fund's governing documents and reports.
Read the guide →557 / Founders
AI analytics copilots: Paid and unpaid design partnerships can serve different purposes.
Read the guide →558 / Angel investors
a consumer product startup: Read a SAFE as a specific agreement rather than a synonym for equity with a fixed ownership percentage today.
Read the guide →559 / Limited partners
a cross-border venture fund: Capital calls connect the fund commitment to actual funding obligations under the governing documents.
Read the guide →560 / Founders
AI document processing: Define unacceptable failures in the language of the customer workflow.
Read the guide →561 / Angel investors
a fintech software startup: Assess overlap by the underlying exposures and dependencies of the portfolio, not only company labels.
Read the guide →562 / Limited partners
a venture fund of funds: Test whether fund size, initial checks, reserves, costs, and company count fit together.
Read the guide →563 / Founders
AI customer support agents: Request the minimum data needed to answer the pilot's learning question.
Read the guide →564 / Angel investors
a pre-revenue B2B SaaS startup: Ask a syndicate lead who performs each diligence task, what information investors receive, and how the lead is compensated.
Read the guide →565 / Limited partners
a first-time venture manager: LP references should address specific behavior relevant to the proposed fund.
Read the guide →566 / Founders
AI voice agents: Estimate inference cost from a defined workflow, not a headline price for a model.
Read the guide →567 / Angel investors
an AI application startup: Identify conflicts by mapping incentives and relationships around the deal.
Read the guide →568 / Limited partners
a solo GP venture fund: Clarify the content, definitions, timing, and responsibility for fund reporting.
Read the guide →569 / Founders
AI coding tools: Build-versus-buy decisions depend on the capability's importance, maturity, operating burden, and reversibility.
Read the guide →570 / Angel investors
a developer infrastructure startup: Examine traction metrics through their definition, denominator, period, and supporting records.
Read the guide →571 / Limited partners
a pre-seed venture fund: Key-person risk concerns continuity of judgment, relationships, and authority when a critical person cannot perform the expected role.
Read the guide →572 / Founders
AI code review tools: A letter of intent can communicate interest, but its meaning depends on what it actually says and what actions followed.
Read the guide →573 / Angel investors
a climate software startup: Useful investor updates connect progress, evidence, cash, and the decisions where help is needed.
Read the guide →574 / Limited partners
a seed venture fund: Assess overlap across company, sector, stage, geography, provider, buyer, and financing dependencies.
Read the guide →575 / Founders
AI developer APIs: Identify a team gap by the next critical work, not a generic list of startup job titles.
Read the guide →576 / Angel investors
a deep tech startup: Request evidence that corresponds to the company's current claims and the decision you are considering.
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