Tool · v1.0
Acquisition Target Pipeline & Deal Funnel
Manage acquisition targets from thesis through close with explicit next decisions, seller and control signals, evidence quality, private price discipline, and a durable pass-and-reopen record.
Tools & Models
Put the analysis to work.
Download the working file or open its guide. Browse Excel tools, seven valuation and merger models, and the investment committee memo template.
New judgment tool · v1.0
Negotiation Intelligence
The position is the output. Understand what changed it. Use the Negotiation Decision Record to connect leverage, evidence, timing, terms, concessions, and the next transaction gate.
Open the toolWorking tools
Handbook · v1.0
M&A Investment Committee Memo: From Analysis to Approval
Turn mandate, valuation, diligence, deal structure, synergies, affordability, downside, and integration into one decision-ready M&A approval memo—with a worked NVIDIA–Hugging Face example.
Tool · v1.2
Public Company Comps Workbench
A free Excel comparable-company template for building and reviewing a public-company peer set and the valuation range it supports, across 12 sectors.
Tool · v1.0.1
Capital Allocation & Deal Affordability Tool
Compare buying, building, partnering, and doing nothing; test funding and downside constraints; and set the buyer's private hard price ceiling.
Tool · v1.0
Carve-Out Perimeter & TSA Planner
Define what transfers, map seller dependencies, plan temporary services and their exit, and separate Day 1 readiness from independent operations.
Tool · v1.0.1
Acquisition Mandate & Target Screen
Decide why to acquire, compare the alternatives, and prioritize targets against clear requirements, evidence, and a credible path to ownership.
Tool · v1.0.1
LOI Economics & Risk Allocator
See how cash, stock, rollover, deferred payments, and closing conditions change the price, funding need, and risk of a deal.
Tool · v1.0.1
Synergy Underwriting & Value Bridge
Turn synergy claims into risk-adjusted cash value, an explicit seller-sharing decision, and an operating delivery plan.
Checklist · v1.1
The M&A Deal Workflow: From Mandate to Value
A 156-action, 13-gate buyer-side checklist from acquisition mandate through post-close review.
Handbook · v1.1
After the Deal: Keep the Business Working
A 104-action post-deal integration checklist and practical guide for protecting revenue, maintaining Day 1 continuity, and realizing synergies.
Handbook · v1.1
Before You Buy: Follow the Work
A 112-item M&A due diligence checklist and practical guide for testing earnings quality, workflows, dependencies, transferability, and deal consequences.
Seven valuation and merger models
Choose a business, change an assumption, and follow its effect on cash and value.
Model · v1.3.3 · November 2, 2026
Anthropic: Tokens, Value Share & the Path to $2T
An illustrative Excel model comparing Anthropic’s core business with hypothetical value-share partnerships, including cash runway, dilution, taxes and compute stresses.
Model · v1.2.2 · October 26, 2026
SpaceX × Tesla: Who Wins in an All-Stock Merger?
An illustrative Excel merger model testing standalone value, synergies, financing, dilution and voting control in a hypothetical SpaceX–Tesla all-stock deal.
Model · v1.2.1
NVIDIA: valuing an AI infrastructure business
Connect demand for computing to product economics, supply commitments, and the cash that growth can produce.
Model · v1.2.1
Surgery Partners: valuing a healthcare-services business
Follow cases, reimbursement, and facility ownership through to the cash the parent company can actually keep.
Model · v1.2.1
Ziff Davis: valuing a digital media business
Look past the audience headline to repeatable revenue, platform dependence, and the businesses actually being valued.
Model · v1.2.1
Salesforce: valuing a software business
Connect recurring revenue to the cost of keeping customers, delivering the service, and funding growth.
Model · v1.2.1
Gap: valuing a retail business
Start with what customers buy, what the retailer keeps, and how much cash sits in inventory.
Choose the method for the decision.
Compare valuation methods · Work through operating assumptions · Choose comparable companies
Preparing a smaller business for sale? Open the Exit Desk valuation calculator.
Test the capabilities behind the earnings.
Use these evidence maps before accepting founder-led economics or an AI valuation claim. Carry the findings into the existing diligence, affordability, LOI, IC, and integration tools.
Underwriting framework · v2.0
Founder Dependency: Buyer Underwriting & Transferability
Test what a buyer can reproduce after the founder leaves. Connect sales and workflow evidence to earnings, transition cash, price, terms, and operating readiness.
Open the decision framework →Underwriting framework · v2.0
AI and Business Valuation: Buyer Underwriting
Translate AI workflow claims into sustainable earnings, investment, competitive downside, transferable rights, and separate buyer-created value.
Open the decision framework →Get the next tool when it ships.
New workbooks and version updates, a few times a year. Everything on this page stays free to download without signing up. Questions or corrections: mike@mikeye.com.
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