What key metrics should I prioritize when reviewing annual financial reports?
Could you please share the components of the expense report: • What all is included in the expenses portion of the income statement? Is management fees and carry considered an expense, or a distribution?
In reviewing the financial statements - there is a line item: "Supplemental disclosures of non-cash activity" - what is this, what are some examples of supplemental disclosures and what kind of activities would be considered as 'non-cash' for a VC firm or its assets?
Looking for specific frameworks and lesser-known tips that have helped you avoid bad investments or spot great ones. Would love to hear from both VCs and founders who've been through the process