{
  "docId": "019f6b8f-027d-76be-b456-9cbb83ce8dd9",
  "docSlug": "jarvis-calm-company-portfolio-valuation-update-february-2021",
  "documentTitle": "Calm Company Portfolio Valuation Update February 2021",
  "authorId": "calm-company-portfolio-valuation-update-february-2021",
  "authorName": null,
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2021-02-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 2,
  "pageCount": 6,
  "prevPage": 1,
  "nextPage": 3,
  "slideType": "appendix_methodology",
  "function": "present_framework",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide outlines a formal valuation policy for early-stage investments, including a specific 'Watchlist' protocol for underperforming assets.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-027d-76be-b456-9cbb83ce8dd9/2",
  "deckHref": "/decks/019f6b8f-027d-76be-b456-9cbb83ce8dd9",
  "deckJsonHref": "/decks/019f6b8f-027d-76be-b456-9cbb83ce8dd9.json",
  "deckAnchorHref": "/decks/019f6b8f-027d-76be-b456-9cbb83ce8dd9#slide-2",
  "components": [
    {
      "bbox": {
        "h": 0.45,
        "w": 0.75,
        "x": 0.13,
        "y": 0.16
      },
      "kind": "diagram",
      "text": "TL;DR decision tree",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "56fbfb92-20d1-4945-8e8c-d01aa9fd43e9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.25,
        "x": 0.27,
        "y": 0.47
      },
      "kind": "list",
      "text": "Watchlist protocol: 12-24 n-months, trend improves for two qtrs: remove from WL; 12-24 n-months, trending down for two qtrs: mark @ 75% of cost; >24 n-months, trending down for two qtrs: mark @ 50% of cost; >36 n-months, trending down for two qtrs: mark @ 25%, consider write-off",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ad404813-e994-47f4-8177-5a4f5a54c21c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.8,
        "x": 0.11,
        "y": 0.66
      },
      "kind": "list",
      "text": "1. At all times, if a priced round (reflecting either a markup or markdown) takes place, we will mark our position to that latest value. 2. Within the first twelve months post-investment, we will hold investments at cost.",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fbb5ae6f-3b82-4cb1-9762-3a40d18267dc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.8,
        "x": 0.11,
        "y": 0.09
      },
      "kind": "paragraph",
      "text": "we are putting the following business logic in place to formalize and guide our valuation methodology moving forward:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "61cb9ee5-340a-476a-9126-7c17863687d3",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "decision-tree",
      "slug": null,
      "matchId": "fa925816-2d0c-4151-baef-5557a367c0c3",
      "evidence": "The slide explicitly uses a flowchart to guide valuation decisions based on conditional logic.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 3,
      "from": 2,
      "beatId": "386d17fd-5f34-462b-8ee4-0ae92bf5774c",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Methodology",
      "beatSlug": null,
      "evidence": "The valuation methodology is described in pages 2-3.",
      "position": 0,
      "confidence": 0.7,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}