More CIMple Truths
As always, we have empathy for the analysts at investment banks tasked with putting together lengthy decks about small private businesses (aka Confidential Information Memorandums or CIMs for those not in the know). Information is often incomplete or missing altogether, there are skeletons in the closet, and the people approving your work probably don’t appreciate how difficult it is to make a color pop.
That said, we occasionally see some things that make us scratch our heads. In no particular order…
Strange, unqualified explanations…
Of course it did.
Hard-hitting analysis…
More people, you say?
Cutting off the numbers on an oddly specific date…
They’ll tell you what happened on May 16 after you submit an LOI. Have a great weekend.
— By Tim Hanson
