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      "clarity_of_thesis": "Slides 1-5 establish context (cover, disclaimer, history, KPIs, logo grid) but never state a declarative central argument — the investment thesis must be inferred from financial slides 19-23.",
      "production_quality": "Consistent blue-brand grid layouts and footnote use, but title length is uneven (slide 7 and 21 titles run long) and density tips into 'overcrowded' on slides 11 and 12.",
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    "suggestions": [
      "Insert an answer-first slide at position 2-3: a single-page investment thesis with 3 reasons to own DCBO, before timeline/at-a-glance",
      "Rewrite topic-label titles into action titles — slide 13 → 'Zoom, KCF, and Online Courses Australia each cut cost or time-to-launch with Docebo'; slide 18 → 'Five growth pillars expand TAM beyond core LMS'",
      "Add MECE section dividers (e.g., 'The Market', 'The Product', 'The Proof', 'The Financials', 'The Plan') so the act structure is visible at a glance",
      "Merge the duplicate Technology Partnerships slides (16-17) into one and reclaim a slot for a closing 'Why Docebo, Why Now' summary before the appendix",
      "Replace the management-bio-as-finale with a one-page recap restating the thesis, the Rule-of-40 number, and the next-12-months milestones — push bios into the appendix"
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