If you're involved in venture fund valuations, you'll probably recognise this. ✅ Someone is checking whether the cap table is up to date. ✅ Someone else is hunting for signed investment documents. ✅ There are questions about rights, SAFEs, convertibles and waterfalls. Then comes the investment review. "Can we still rely on the last funding round?" "Do we need to run a waterfall?" "The auditors mentioned OPM... but is it really necessary this quarter?" "Has there been a signif