Screen 4 / 6Investment Committee
The IC isn't where deals close — it's where operator work begins.
Every IC card ships paired with a 90-day Value Creation Plan the Operating Partner personally executes. Decision + delivery, on the same page.
Nilo · IC Card
PRESSPRESS
Check size €500k (if SAFE) / hold · Valuation €8M cap discussed
Decision-ready
One page · printable · forward-able
Next 3 questions for the founder
- 1Show me the engine code that survives if OpenAI ships generative-3D in 12 months.
- 2D7 / D30 retention from the creator beta — actual numbers, not vibes.
- 3Distribution: what is your acquisition channel that doesn't depend on virality?
Top 3 risks
- 1Wrapper-on-LLM risk (single platform-API away from extinction)
- 2Distribution unknown — creator-tool graveyard is enormous
- 3Founder bet > category bet; if wrong on founder, no recovery
90-day Value Creation Plan · GK personally executes
What I do the day after we wire the money.
Day 1–30
30Day 1–30 · audit + map
- Tech deep-dive under NDA — verify engine moat or kill the deal.
- Force a retention dashboard. No D7/D30 = no investment.
Day 30–60
60Day 31–60 · introduce + recruit
- If pass tech deep-dive: distribution audit. Map 3 viable acquisition channels not dependent on virality.
- Intro 2 portfolio creator-economy founders for cross-pollination + reference learning.
Day 60–90
90Day 61–90 · gate + ship
- Decision gate: if tech moat + retention + distribution all green → SAFE check at €8M cap. Otherwise pass with feedback.
Why this kills the "passive LP" framing
The traditional LP shows up at the AGM and asks "how is the portfolio doing?" The Operating Partner sends Pedro a Friday note that reads: "Closed two EMEA reference logos for Ethiack this week. Series A draft attached. Founder asks if you can do the warm intro to [VC]."
That note is the carry working. The 1.5% isn't compensation for capital — it's compensation for the 90-day plan, repeated 12 times across the portfolio, every year.