The first week of commercial diligence is a sizing ledger nobody has time to build honestly. WorldbyFlow builds it: every figure with its issuer and its stake, divergent estimates as a spread, and the buyer and competitive reads beside it, so the deal team starts from a market it can defend.
Written for Runs commercial diligence on prospective acquisitions.·Runs in the Finance domain
Commercial diligence runs on a clock that starts when the CIM arrives. The scans here compress the first week: a sector read with the sizing ledger, a buyer read with each claim graded, a vulnerability read on the target and its rivals, a dossier on the other sponsors circling, and a driver read on what is actually moving demand.
The sizing ledger: every figure with its issuer and that issuer's stake, divergent estimates shown as a spread. The market section of the diligence report, honestly built.
How buyers in the target's market actually decide, each claim graded as demonstrated, reported or inferred. The customer section without the management spin.
Where the target or a rival is structurally vulnerable and what the record shows them doing about it. The competitive section from the outside in.
A dossier on another sponsor: strategy, documented activity, people. Who else is likely at the table.
What is moving demand in the sector, with evidence for each driver. The mechanism under the growth case.
The order matters. The first read gives you the structure; the next ones fill the parts that are hardest to source by hand.
Go to the ledger. If the spread it shows matches the disagreement you already see between the CIM and the third-party report, the method is honest.
What the public record says the company is weak at. Compare it with what management said in the presentation.
Each claim graded. The demonstrated ones go in the report; the inferred ones go in the question list for the expert calls.
Export as PDFs for the diligence binder, or share as pages the deal lead can open the night before the IC.
Every figure and quote links to where it came from. A claim the scan could not source is marked as such rather than dressed up.
Export the reads as PDFs for the diligence binder, or share them as pages the deal team can open with every figure sourced.
Ask a follow-up question of any result, or run a Red Team pass that tries to break its own conclusions before someone else does. How the grades work →
Credit-card rates are pegged to the Prime Rate rather than to Treasury yields, so the 20.94% average card APR stays flat through a bond-market yield surge and only resets once the Fed actually moves its target range.
The fastest way to judge the result is to pick a subject you know cold and read it against what you know. If a colleague sent you here with an invitation, the credits land on your account when you sign up.