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Before the Investment Committee: an independent test of the assumption your deal rests on.

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Latest Issues

Before your next Investment Committee: four numbers I'd have stopped this month

Every deal I look at has one number holding up the price. A launch date, an order book, a factory ramp, a grid connection. If that number is off by a year, or by half, so is the valuation.

And it’s almost never your number. It comes from t...

11 days ago
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2

They’re building 10,000 humanoid robots a year. Almost none go to factory work.

Caption: Unitree’s own filing: 2.6% of its humanoid revenue came from factory, inspection or logistics work.


In September, the humanoid robot industry announced more factory capacity than ever. In the same weeks, the best evidence y...

18 days ago
4

A robot company is going public at $2.5billion. I went to check the $300million order book behind it.

Agility Robotics, Form S-4, Note 14, page F-70 (where a company discloses what happened after the accounting period closed. Filed 4 September 2026). https://www.sec.gov/Archives/edgar/data/0002074973/000121390026097764/ea0297114-04.htm

  • *...
a month ago
4

I thought I was tracking the constraint. I was waiting for companies to admit it.

Published on the record the day it failed. The full board is at console.deepradar.tech


I make dated calls on deeptech.

The idea is simple. You are paying a price set by a date. A company raises money on a promise with a year attach...

a month ago
4

I read four filings in a grid case and found two mentions of AI

The entry I should have written on 2 July, logged on 16 August. The record shows both dates : console.deepradar.tech .


What I do. A deeptech company raises money on a promise with a date attached. Working batteries by 2028. A fusion...

2 months ago
3

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  • Eden Djanashvili

    I test the critical assumption a deal rests on before it goes to the Investment Committee. Commit, condition, reprice or pass. EIC jury expert.

  • Eden DA

    DTC

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