Deal Execution Rooms

    Deal execution meeting agenda

    The agenda is the coverage specification. Every line names the dimension it evidences, so a question the meeting never reached becomes a gap against that dimension rather than a silence nobody notices.

    The execution review while a transaction is actually in flight, weekly because the dates are short. Terms, conditions precedent and confirmatory work each carry their own line, so the room can see which conditions are still open with days left on the exclusivity rather than discovering it at signing.

    A row is
    Transaction
    Grouped by
    Deal Stage
    Cadence
    every 7 days
    Lines
    7

    Also called: Deal stand-up · Documentation review · Closing checklist · Syndicate call · Signing prep

    The running order

    7 lines in the full specification, 2 of them scoped to a stage — so any one transaction is measured against 5–7 of them. Run every 7 days. The order is the running order.

    1. 1
      Terms as they now stand against the term sheet
      Evidences Valuation & Terms
    2. 2
      Cap table and resulting ownership
      Evidences Ownership & Cap Table
    3. 3
      Documentation status and open drafting points
      Evidences Legal Documentation
    4. 4
      Conditions precedent and who is clearing each
      Evidences Conditions Precedent
    5. 5
      Syndicate and co-investor commitments
      Evidences Syndicate & Co-investors
    6. 6
      Signing and funding date, and what still moves it
      Evidences Closing Readiness · only at Documentation, Closing
    7. 7
      Post-close obligations and board composition
      Evidences Closing Readiness · only at Closing
    The bar moves with deal stage

    Not every line applies at every stage

    2 of these 7 lines are stage-scoped. A flat agenda asks every row the same questions regardless of where it has got to, which manufactures gaps that are not gaps — and false gaps drown the real ones, which is the whole reason an uncovered question is allowed to mean something here.

    Term Sheet
    5 of 7 lines
      Confirmatory
      5 of 7 lines
        Documentation
        6 of 7 lines
        • +Signing and funding date, and what still moves it
        Closing
        7 of 7 lines
        • +Signing and funding date, and what still moves it
        • +Post-close obligations and board composition

        Lines shown are the stage-scoped ones. The rest are in force at every deal stage.

        What the room listens for

        The six dimensions this room scores

        Each carries a weight in the roll-up. A dimension with no evidence behind it is not scored at a middle value — it renders as unknown, and below the coverage floor the row reads never covered rather than green.

        Valuation & Terms
        20% of the roll-up

        What was agreed, what has moved since, and whether the movement was accepted.

        term restatedchange from term sheeteconomics recalculated
        Ownership & Cap Table
        20% of the roll-up

        Post-close ownership, fully diluted, with the option pool where it was agreed.

        fully diluted position statedoption pool locatedpro rata confirmed
        Legal Documentation
        20% of the roll-up

        Draft status, open points, and whether the papers say what was agreed.

        draft circulatedopen point resolvedcounsel sign-off
        Conditions Precedent
        15% of the roll-up

        What must be true before funding, who is clearing each one, and by when.

        condition listed with an ownercondition satisfiedwaiver requested
        Syndicate & Co-investors
        15% of the roll-up

        Who else is in, for how much, and whether their commitments are firm.

        commitment confirmed in writingallocation agreedco-investor withdrew
        Closing Readiness
        10% of the roll-up

        Whether a date exists, holds, and has everything behind it that it needs.

        date setdate movedfunds flow agreed
        When a line is missed

        A question nobody asked is a fact about the room

        Because each line names a dimension, the gap scanner can say which one went uncovered and for how long. These are the four states it raises, and each one is a different problem with a different fix.

        Never covered

        The line has never been reached in this room. The dimension has no evidence at all.

        Unanswered

        It was raised and the room moved on without landing an answer.

        Gone stale

        It was covered, but not within the 7-day cadence this room type expects.

        Unowned

        There is an answer and an action, and nobody's name is against it.

        See it score a board

        Deal Execution Rooms is one of eleven configurations of the same engine. The demo runs on fictitious transactions and sample data — every number traces back to something somebody said in the room.