Five questions on the investment thesis
You need 4 out of 5 to pass and complete Month 1. You’ll see the answer and a short explanation after each question.
No time limit. You can retake it as many times as you like.
What is the main purpose of an investment thesis?
A thesis is a personal framework for decision-making. It doesn’t guarantee returns and it doesn’t replace due diligence. It helps you make deliberate choices about what fits your goals, values and view of the market.
Why is an investment thesis especially useful in angel investing?
Angel investing means backing companies before there’s much data to go on. A thesis gives you a structured way to evaluate opportunities when you can’t rely on financial track records alone.
Which of the following should an investor consider when building their thesis?
Your thesis is most useful when it draws on what you actually know and care about. That’s where you’ll have edge, judgement and the patience to back companies through difficult moments.
A strong investment thesis should help an investor avoid:
The point of a thesis is to give you a frame of reference when the market is loud, the pitch is exciting, or others are piling in. It doesn’t stop you thinking, asking or learning – it stops you reacting without a reason.
True or false: an investment thesis should never change once it has been written.
A strong thesis evolves as you learn, see more companies, understand markets better, and reflect on your investment decisions. The goal is discipline, not rigidity.
Month 1 complete. Nice work.
You’ve got the foundations of the investment thesis down. Confirm your email below to log your completion, and Month 2 will land in your inbox at the end of the month.
Logged. You’re all set for Month 1. Nothing else to do until Month 2 arrives at the end of the month.
You need 4 out of 5 to pass
Close, but a couple of the key concepts haven’t landed yet. You can retake the quiz straight away, or go back through the lesson first – whichever suits you.