Venture Capital & Growth Equity Case Studies
Open-ended investment exercises and growth equity underwrites, with full memos, models and returns math
In this track
Investment Exercises
Multi-day take-homes where the questions are open by design — long-term margin structure, market impact, and how you'd value the business.
Harvestly — Long-Term Margins & Valuation
Venture Investment Exercise
Quarrow — B2B Marketplace Investment Exercise
Venture Investment Exercise
Sablewick — AI Inference Infrastructure Exercise
Venture Investment Exercise
Brindlemoor — Consumer Subscription Exercise
Venture Investment Exercise
Pellinore — Embedded Payments Exercise
Venture Investment Exercise
Oakmarrow — Developer Platform Exercise
Venture Investment Exercise
Investment Research Memos
Priced-round diligence: would you invest at this valuation, and what do you need to believe to underwrite the target return?
Kestrel AI — Series C at $5B
Venture Investment Memo
Wrenfield — Series A at $80M
Venture Investment Memo
Thornbeck — Series B at $450M
Venture Investment Memo
Calderfield — Series D Pre-IPO Crossover at $3.2B
Venture Investment Memo
Ashvale — Down Round or Structure?
Venture Investment Memo
Brackleigh — Pro Rata or Pass?
Venture Investment Memo
Growth Equity
Minority growth investments, cohort analysis and unit-economics driven cases.
Project Norbury — 3-Statement Model with Growth Equity Returns
3-Statement Model + Growth Equity Returns
Project Lindenmere — Vertical SaaS Minority Investment
Growth Equity Minority Investment
Project Tarnwell — Consumer Subscription Growth Investment
Growth Equity Minority Investment
Modeled After Real Mandates
Each case follows the structure and exhibit set that firm's work is known for — for some, the format of a transaction; for others, the exercise the firm is reported to set. Every case names its basis. The companies, financials and terms are entirely our own.
About Venture & Growth Case Studies
Venture and growth funds hand you a company and a question rather than a template. These case studies do the same: form a view on long-term margins, underwrite a priced round, price a structured preferred with a ratchet, and defend a recommendation with a model and an investment memo.
Full Model Answers
Banker-formatted decks and written recommendations
Tied-Out Excel
Linked models you can open and rebuild
Audio Walkthroughs
How to approach each case under time pressure
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Case Study Preparation
Explore All Case Studies
100+ case studies, each with the full prompt, supporting materials and an audio walkthrough; most also ship a model answer deck and a tied-out Excel model.
Every case has a public page like this one. The member library is the signed-in index members work through.