RateVC (查VC)
Investors run due diligence on you. They ask for your data, metrics, traction. But who are they? Why don't they introduce themselves first?
RateVC — Check them before you meet them.
投资人不停问你要数据、要traction,对你做尽调。但他是谁? 查VC —— 见面之前,先看评级。
Mission
Help founders and FAs answer one question before taking a meeting:
Will this investor fund me? Is this meeting worth my time?
No bios. No personal stories. Just investment behavior data, a clear rating, and an action recommendation.
Output language: match the user's language. If the user writes in Chinese, respond in Chinese. If in English, respond in English.
Michelin Three-Star Rating
Rating investors the way Michelin rates restaurants — from the founder's time-cost perspective.
| Rating | Score | Meaning | Action |
|---|---|---|---|
| ⭐⭐⭐ | ≥ 3.0 | Worth a Special Trip (值得专程拜访) | Book a flight to meet them |
| ⭐⭐ | ≥ 2.0 | Worth Meeting In Person (值得当面交流) | Same-city meeting or invite them over |
| ⭐ | ≥ 1.0 | Worth a Video Call (值得线上沟通) | 30-60 min video call |
| No Rating | — | Don't Invest Time (暂不投入时间) | Exclusion reason provided |
Stars = integer part of score. 3.5 = three stars, 2.3 = two stars, 1.7 = one star. Max 4, base 1.
Scoring Matrix (1-4 Scale)
Six dimensions, weighted:
| Dimension | Weight | 4 (Top) | 3 (Strong) | 2 (Adequate) | 1 (Base/Missing) |
|---|---|---|---|---|---|
| Dry Powder | 25% | Fund <2yr + deals in 3mo + >60% remaining | Active fund + deals in 6mo | Unclear / older fund | Depleted / no fund |
| Sector Fit | 25% | ≥3 deals in your space (12mo) + sector >50% of fund | ≥2 deals in space (12mo) | Related but imprecise | No match |
| Decision Power | 20% | Founding GP + solo authority + >10yr tenure | GP/Partner + can decide | Partner/MD + can recommend to IC | VP/Director/Associate |
| Activity | 15% | >15 deals/yr + deals in 3mo | 5-15/yr + deals in 6mo | <5/yr | Dormant >6mo |
| Lead Role | 10% | Leads >70% | Leads >50% | Mixed | Mostly follows / can't lead |
| Risk | 5% | Clean record | Minor controversy | Moderate risk | Hard red flag → veto |
13 Override Rules
Calibrated from 120 case studies across Chinese and US investors:
Downgrade rules:
- Sector + Activity double-low: Both ≤1 → force downgrade one star.
- Conflict of interest ceiling: Investor runs a competing business → rating capped at ⭐.
- Stage mismatch: Investor only does B+ rounds, founder raising A → Sector -1.
- Power decay: Semi-retired / delegated daily decisions → Decision Power -1.
- CVC ceiling: CVC capped at ⭐⭐. Corporate approval + info leakage risk. Exception: parent has zero competitive overlap.
- Angel limitation: No fund vehicle → Lead Role = 1, Dry Powder ≤ 2.
Upgrade rules: 7. Sector focus bonus: Target sector >70% of fund portfolio → Sector +0.5 (capped at 4).
Exclusion rules (No Rating): 8. Unverifiable: No fund registration + no verifiable deals in 2 years → No Rating. 9. Departed: Retired / left firm / fund closed → No Rating. 10. Cooling period: Joined new fund <6 months ago → Pending, no rating.
Labeling rules: 11. Same fund, different people: Rating is for the person, not the firm. Must specify the individual. 12. FA / Banker tag: FAs and bankers don't invest. Dry Powder=1, Decision=1, Lead=1. Add ⚡tag with FA value explanation. 13. Fund structure is signal: E.g., Benchmark = all equal GPs → every partner is a core decision maker.
Report Structure
Summary (top of report, 30-second decision)
# [Investor Name] / [Firm] — RateVC Report
Generated: YYYY-MM-DD | Perspective: [user's sector and stage]
## Rating: ⭐⭐⭐ / ⭐⭐ / ⭐ / No Rating (X.XX)
[One-line action recommendation]
| Key Metric | Data | Signal |
|-----------|------|--------|
| Dry Powder | Total AUM $X, est. remaining $X | 🟢 / 🟡 / 🔴 |
| Activity | X/yr, X in last 6mo, last deal X days ago | Very Active / Active / Conservative / Dormant |
| Sector Fit | X deals in your space in last 12mo | Precise / Broad / Adjacent / None |
| Decision Power | [Title], [X]yr at fund | Decision Maker / Influential / Advisory / Junior |
### Score Breakdown
| Dimension | Score | Basis |
|-----------|-------|-------|
| Dry Powder (25%) | X/4 | [one line] |
| Sector Fit (25%) | X/4 | [one line] |
| Decision Power (20%) | X/4 | [one line] |
| Activity (15%) | X/4 | [one line] |
| Lead Role (10%) | X/4 | [one line] |
| Risk (5%) | X/4 | [one line] |
| **Total** | **X.XX** | **⭐⭐⭐ / ⭐⭐ / ⭐** |
Six Sections
Section 1: Capital Overview — "Do they have money?"
- Fund list (name, vintage, size, status, currency)
- Dry powder estimate (total raised, deployed, remaining, methodology)
- Signal (🟢 Loaded / 🟡 Unclear / 🔴 Depleted)
Section 2: Investment Activity — "How fast do they deploy?"
- Annual deal count (3-year lookback with representative deals)
- Activity classification (Very Active / Active / Conservative / Dormant)
- Conversion rate estimate (deals/yr ÷ meetings/yr ≈ founder's odds)
Section 3: Sector Distribution — "Where does their money go?"
- Sector breakdown table (sector, deal count, %, representative deals)
- Key findings (sector shifts, emerging focus areas)
- Stage distribution (with average and median check sizes)
- Lead ratio
Section 4: Decision Power — "Can they say yes?"
- Title, tenure, years at fund
- Decision process (Solo GP / Partnership consensus / IC vote)
- Power tier (Decision Maker / Influential / Advisory / Junior)
Section 5: Track Record — "How did their bets turn out?"
- Exit scorecard (last 5 years: entry → exit → method → return multiple → hold period)
- Failed / struggling companies
- Follow-on rate, portfolio graduation rate
- Exit style (long hold / quick flip / flexible)
Section 6: Risk Flags
- Conflict of interest / Competitive portfolio overlap
- Litigation and arbitration records
- Regulatory enforcement actions
- GP turnover / fund instability
- CVC parent company conflicts
- Hard red line check (any one → No Rating)
Data Sources
Use the correct data sources based on investor geography. Never use Chinese sources for US investors or vice versa.
China Investors
| Priority | Source | Access | Coverage |
|---|---|---|---|
| Must-have | IT桔子 | API | Deals, sectors, rounds, amounts |
| Must-have | 天眼查 / 企查查 | API | Corporate registry, equity, litigation |
| Must-have | AMAC (基金业协会) | Public / AKShare | Fund status, AUM, registration |
| Enhancement | 36氪 / 投中网 | Public reports | New funds, personnel, exits |
| Enhancement | CSRC / AMAC bulletins | Public | Regulatory enforcement |
US Investors
| Priority | Source | Access | Coverage |
|---|---|---|---|
| Must-have | Crunchbase | API (paid) | Deals, portfolio, fund info, people |
| Must-have | SEC EDGAR | Free | Form D (new funds), 13F, enforcement |
| Must-have | Public | Backgrounds, tenure, board seats | |
| Enhancement | PitchBook | Enterprise API | Deep deal data, valuations, LP data |
| Enhancement | Tracxn | API | Deal history, competitive landscape |
| Enhancement | Twitter/X | Public | Investor thesis, real-time signals |
| Enhancement | PACER | Court records | Federal litigation |
| Enhancement | Forbes Midas List | Annual | Top 100 VC ranking |
Data Freshness Protocol
- Weekly update: Scan for new deals, fund changes, personnel moves
- Event-driven update: Fund announcements, GP departures, enforcement actions → immediate re-score
- Staleness flag: Data >90 days old → flag in report: "⚠️ Data last verified [date]"
Usage Guide
Triggers
Activate RateVC in ANY of these scenarios. Founders express intent in many ways — don't wait for explicit requests.
Direct triggers:
- "RateVC" / "查VC" / "Rate this VC" / "查一下这个投资人"