Key takeaways
- Planned for a later release. Scope will be shaped by design partner pilots.
- The memo draft pulls thesis fit, the case for and against, diligence status, proposed terms and cited evidence.
- A frozen packet can't change under reviewers. Edits create an amendment.
- Committee members record their own decision and conditions. AI drafts, people decide.
Planned feature: not in Delsivo yet, and details may change before it ships.
What the investment committee memo tool drafts
| Memo section | Source in the deal |
|---|---|
| Thesis fit | The latest rubric run, with overrides and their reasons |
| Investment case | Corroborated claims and research findings |
| Countercase | Disputed and unresolved claims, risks, counterevidence |
| Diligence status | Open requests, room items not yet accepted |
| Proposed terms | Entered by the deal lead |
| Evidence appendix | Citations to slides, transcript moments, files and sources |
The draft is a starting point the deal lead rewrites. Every factual line keeps its citation so committee members can check it.
From draft to recorded decision
- 1The deal lead drafts and edits the memo.
- 2The lead freezes the packet. Committee members assigned to it can now read it, and nothing in it changes.
- 3If the fund turns on independent review, each member submits a view before seeing anyone else's.
- 4The committee meets and records the decision, any conditions, the rationale, the owner and the date.
- 5Later corrections create an amendment. The packet and votes as reviewed stay intact.
Why freeze the packet at all
When a memo keeps changing in a shared document, nobody can say later what the committee actually read. A frozen packet answers that question: the version, the evidence it cited and each member's review are kept together, and an amendment shows exactly what changed afterwards. It pairs with the deal audit trail, which records who did what and when.
Committee members see only the packets assigned to them, not the rest of the pipeline.
What stays out of scope
- Term sheet milestones, closing checklists and portfolio handoff are separate later items.
- Fund accounting, LP reporting and transaction execution are outside Delsivo's scope.
- No vote, score or memo moves a deal by itself. The recorded decision is made by people.