Tear Sheets are one-page, dynamic summaries that give you and your stakeholders a complete snapshot of a portfolio company’s performance. They combine financial data, key metrics, and qualitative context, making them an invaluable tool for portfolio reviews, LP updates, and board or partner meetings.

Unlike static reports, Tear Sheets are powered by live data from your source-of-truth system. This ensures your metrics, budget comparisons, and commentary are always current and reliable.

Why Tear Sheets Matter

Tear Sheets are designed to simplify portfolio communication by:

Consolidating insights: Financials and qualitative updates in one place.
Saving time: Stakeholders don’t have to navigate multiple reports or dashboards.
Driving action: Highlight areas where support is needed, where performance is strong, and where risks are emerging.

Key Features

Customizable Layouts

Choose the metrics and visuals that matter most:

Show KPIs in charts or tables.
Add qualitative commentary directly alongside data.
Create audience-specific views for LPs, board members, or internal teams.

Live Context

Tear Sheets automatically pull from your system of record. This means:

Financial data (cash, burn, revenue, runway) is always up to date.
Comparisons of budget vs. actuals are shown in real time.
Notes and commentary are refreshed alongside metrics.

Metric Selection

Select from a wide range of standard KPIs or create custom metrics:

Standard: Cash In Bank, Net Burn, Runway, etc.
Custom: LTM Revenue, Bookings, New Logos, etc.

Export to PDF

Need to share externally or bring a copy into the boardroom? Tear Sheets can be exported into polished, branded PDFs with a single click.

Partner Notes and Collaboration

Tear Sheets support partner and team collaboration through annotation and commentary.

Tear Sheet Blocks

Tear Sheets are built using flexible “blocks.” Each block represents a different type of information you can add to your one-pager. Once you add a block (or click on an existing one), a sidebar will appear on the right-hand side with toggles and options for editing and customization.

Available Blocks

Company Overview

Add basic details like company description, fiscal year, and contact information. This block gives readers quick context about the business.

Text Box

Insert custom written content, such as commentary on company performance, strategy notes, or narrative context to accompany metrics.

Investment Details

Display investment-specific data including amount invested, current fair value, ownership percentage, and latest post-money valuation.

Metrics

Highlight financial and operational metrics, such as ARR, net burn, gross margin, or custom KPIs. Data can be displayed in chart or table form.

Assessment

Capture outstanding questions, clarifications, or notes that need to be addressed. This block is particularly useful for internal tracking or preparing for board meetings.

Assessment Block: Partner Notes and Collaboration

Inline Annotations: Investment partners can reference tear sheets to make portco-specific notes, commenting on status, commentary, and internal evaluation notes leveraged for board meetings & firm-wide portfolio reviews
Versioned Updates: Maintain history of commentary across quarters for internal tracking or external reporting.

Use Cases

Recent Highlights: Milestones (funding round, partnerships, major product launch, leadership changes)
Growth & Product: recent launches, partnerships, OKRs/roadmap for the next 6 months
Risk Monitoring & Support: Track internal sentiment / board-level concerns, value-add opportunities from the fund or network (hiring, intros, GTM support)
Exit Outlook: M&A targets, timeline expectations, plan of action

Workflow

Configure the template to display key metrics and assessment areas
Draft a batch of tear sheets following the most recent IR cycle
Partners provide input on tear sheets marked “Needs Review” and update the status to “Reviewed” once complete

Getting Started

To create your first Tear Sheet:

Navigate to the Tear Sheets section in your platform.
Select/create a template, or start with a blank tear sheet.
Drag and drop tear sheet "blocks" and order them to your preference.
Customize the tear sheet. Once you add a block (or click on an existing one), a sidebar will appear on the right-hand side with toggles and options for editing and customization.
Save and generate Tear Sheets for your portfolio companies.
Share digitally or export as PDF.

Best Practices

Tell the full story: Don’t rely on numbers alone. Add context about what’s working, what challenges exist, and where additional support may be needed.
Send ahead of meetings: Send Tear Sheets before LP updates, partner check-ins, or board meetings so participants arrive informed.
Highlight follow-ups: Use Tear Sheets to flag issues such as slowing growth, missed targets, or diminishing runway that require action.