Every round has a bar. Most companies cannot see where they sit against it.
Twelve questions scored against the issues investors commonly test at your stage. Pick your round, get a position, see the gaps, and decide whether to raise now or close the distance first.
Past pre-seed, between rounds, hard to read.
You have traction and a story. The bar for your round has moved and the raise is stalling. The diagnostic scores you across the six dimensions that decide a venture round, judged against the bar for the round you are raising.
- 01Traction qualityDurable revenue and repeatable growth, not vanity metrics.
- 02Unit economicsMargin, payback, and a defensible path to efficient growth.
- 03Capital planAn amount tied to milestones, not a headline number.
- 04Investor narrativeA story and supporting information that hold up to questions.
- 05Capital structureA clean cap table with no dead equity or option-pool issues.
- 06GovernanceDiscipline appropriate to the stage, not a borrowed board pack.
The dimensions are the same at every stage. The bar is not. Pick your round and your score is judged against it.
Where the gap is material, PHCA may recommend a fixed scope Capital Raise Review before investor outreach begins.
Dimension by dimension
Ordered by what would stall the round first. Indicative, and a starting point for a conversation.
A fixed scope review before investor exposure.
If the diagnostic shows material gaps, PHCA may recommend a fixed scope Capital Raise Review.
The review tests the company before investor exposure across capital logic, investor narrative, diligence readiness, structure, governance, financial assumptions, and raise sequencing.
It is not deck design, success-fee fundraising, or investor broking.
Request a readiness call
Suitable companies will be invited to a short call to review the score and determine whether a Capital Raise Review is appropriate.
What this is, and what it is not.
- PHCA does not guarantee a capital raise.
- PHCA does not act as a broker or placement agent.
- PHCA does not sell investor access.
- Founders remain responsible for investor relationships and capital decisions.
- The diagnostic is indicative only.