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Blueprint Intelligence / Data Room and DDQ / Documenting how investment decisions get made
Data Room and DDQ
Show how a deal moves from sourcing to a decision: who participates, who can approve it and where the record is kept.
Investment strategy describes what a fund invests in. Investment process is narrower and more mechanical: how a specific deal moves from sourcing to funding, who has a vote, what quorum requires and whether the firm records each decision. A strong thesis without a documented way to apply it answers only half the question.
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Investment committee structures generally fall into one of three models: consensus, where every partner must agree; majority, where a vote carries the decision; or conviction, where a lead partner can move forward without a formal vote, sometimes with a right for others to flag concerns. Kauffman Fellows' research on enduring firms finds a roughly even split between consensus and majority models, with a smaller share running on a conviction basis. None of the three is inherently stronger. What matters to an allocator is that the fund has picked one, written it down, and actually follows it.
Among enduring venture firms, roughly 40 percent use a consensus investment committee model, 40 percent use a majority vote, and 20 percent operate on conviction with no formal vote. Source, Kauffman Fellows, Zero to Four (April 2026).
If the process has developed informally, start by documenting the steps people already follow. Identify where authority or record-keeping is unclear, then resolve those gaps. A written policy is useful when it reflects the working process and makes responsibilities easier to follow.
Check your investment process documentation
Upload one document containing your investment committee policy or a description of how deals currently move through your process. No signup required for your first result.
One PDF or DOCX, up to 15 MiB. Three successful free reads are shared across the library; no account is needed. This is an initial review, not an eligibility decision or a fund rating.
Perspectives by Colibrí Strategies: practical notes for GPs and the LPs who back them.
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