THE VENTURE CAPITAL ASSOCIATE - COMPANION FILES
julianrsterling.com/vc

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Revised 24 September 2026.

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WHAT IS IN THE ARCHIVE

1. The book's two workbooks, corrected
   Reserve_Arithmetic.xlsx                 Chapter 12 and Appendix E
   The_Unit_Economics_of_Growth.xlsx       Chapter 6 and Appendix F
   00_START_HERE.md                        what changed is at the end

2. Blank_Model_Set/  (new)
   Reserve_Arithmetic_Blank.xlsx           the same models, every input
   The_Unit_Economics_of_Growth_Blank.xlsx emptied, for your own fund and
                                           your own two companies
   Each checks sheet counts what is still missing and tests what holds for any
   inputs. The book's figures are in book_inputs.txt.

3. Working_Documents.pdf  (new)
   Twelve printable pages: the fund you work for, the sourcing engine,
   founders and the team, market and product, the business model and unit
   economics, reading the term sheet, the cap table and the conversion, the
   return model, the memo and the pre-mortem, the diligence checklist, the
   ranked book and the follow-on, and the first ninety days with the decision
   journal. A4, fits Letter.

4. Forty_Questions.xlsx  (new)
   Forty questions across the book, marked by the file as you type.

5. Cases/  (new)
   Case_1_What_A_Forty_Per_Cent_Founder_Receives.xlsx   Chapters 7 and 8
   Case_2_What_The_Founders_Actually_Sold.xlsx          Chapters 7 and 8
   Case_3_Can_This_One_Return_The_Fund.xlsx             Chapters 2 and 9
   Each case: the note on the first sheet, the model after it, checks at the end.

The files open in Excel, LibreOffice Calc, Google Sheets and Numbers. No macros.
