Member Resources & Frameworks
Due Diligence Standards, Governance & Fiscal Reference
Reference documentation for active IC2.0 LLC members covering our standardized 7-part Investment Memorandum specification, Restated Operating Agreement principles, NAV performance attribution, and annual Schedule K-1 tax reporting calendar.
Member Diligence Library & K-1 Schedule — Authentication Required
Sign in with your authorized IC2.0 LLC Google account to access the 2025 NAV vs. SPY performance attribution chart, 7-part Investment Memo specification, Operating Agreement charter principles, and annual Form 1065 / Schedule K-1 milestones.
Performance Attribution
2025 NAV vs. S&P 500 (SPY) YTD Benchmark
Standardized Diligence Specification
7-Part Investment Memo & Due Diligence Framework
Every capital deployment proposal brought before the IC2.0 LLC Investment Committee must include a written memorandum addressing the following seven sections.
Executive Summary & Allocation Request
Target security/instrument, proposed commitment size (% of NAV), target entry valuation, expected holding period, and Deal Sponsor declaration.
Investment Thesis & Catalyst Map
Three core pillars explaining why the opportunity exists, structural tailwinds, proprietary moat, and verifiable 12-to-36-month value inflection points.
Technology, Product & Market Validation
Architectural durability, customer retention metrics (NRR/GRR), competitive landscape matrix, and takeaways from primary customer/operator calls.
Financial Model & Unit Economics
Historical revenue/EBITDA performance, gross margin profile, cash burn or free-cash-flow conversion, and base / upside / downside 5-year projections.
Deal Structure, Cap Table & Governance Rights
Liquidation preferences, pro-rata rights, board/observer seats, information rights, lock-up provisions, and fee/carry transparency.
Pre-Mortem & Counter-Thesis Risk Analysis
Completed independently by the assigned Risk Reviewer—identifying key failure modes, regulatory/execution risks, and downside protection mechanisms.
Exit Pathways & Monitoring KPIs
Expected liquidity avenues (strategic M&A, secondary sale, distributions, or public market exit) and quarterly KPIs to track thesis validity.
Charter Reference
Operating Agreement & Governance Principles
IC2.0 LLC is governed by its Restated Limited Liability Company Operating Agreement. Active members may request certified copies or capital account schedules directly through the Managing Committee.
Member-Managed Authority
No third-party manager exercises discretionary control over club capital. All investments are evaluated and ratified directly by the members.
Pro-Rata Capital Accounts
Realized gains, income, and administrative costs are allocated strictly in proportion to each member's verified capital account balance.
Transfer & Withdrawal Rules
Membership interests are non-transferable without unanimous committee consent. Redemptions follow quarterly liquidity windows subject to underlying asset lock-ups.
Strict Confidentiality
All issuer financials, proprietary diligence memos, and committee deliberations are confidential and restricted to active members.
Fiscal & Tax Administration
Annual Tax & Schedule K-1 Timeline
IC2.0 LLC files as a pass-through partnership on a calendar fiscal year. Key accounting and tax reporting milestones are outlined below.
January 15
Fiscal Year-End Ledger & Custody Close
Reconciliation of all Q4 brokerage statements, treasury yields, private valuation marks, and member capital contributions/distributions.
February 15
Draft Capital Account Statements Circulated
Treasurer distributes preliminary annual member capital account summaries and expense allocations for member review.
March 1
Partnership Return (Form 1065) & Schedule K-1 Issuance
Target distribution of finalized Schedule K-1 packages to all IC2.0 LLC members (or formal notice of third-party syndicate K-1 passthrough timing).
Quarterly (T+15 Days)
Quarterly NAV & Performance Snapshot
Issued within 15 days following each calendar quarter close prior to the Quarterly Portfolio & Allocation Review.
Research Archive & Document Requests
Accessing Historical Memoranda & Quarterly Packets
To maintain zero-surface security on our public web property, IC2.0 LLC does not host confidential issuer decks or member tax documents on public URLs. Active members receive encrypted repository links prior to each monthly and quarterly session or may request specific archival packets via the Leadership Desk.