Assess whether management can run this without the founder (ea81dc)

SITUATION A PE platform evaluating a founder-led SaaS add-on cannot treat a QoE that cannot tie revenue to bank cash as incidental context on carve-out stranded-cost model. Carve-out separation lead must close management can run this from that extract under M&A Due Diligence / Separation and Integration.

DECISION Carve-out separation lead in a PE platform evaluating a founder-led SaaS add-on must choose Proceed / Reprice / Walk / Hold using carve-out stranded-cost model after a QoE that cannot tie revenue to bank cash.

HYPOTHESES TO TEST 1. The population in carve-out stranded-cost model is the one a QoE that cannot tie revenue to bank cash named, so Proceed follows for this Separation and Integration file. 2. The population in carve-out stranded-cost model is adjacent only to a QoE that cannot tie revenue to bank cash; Reprice is the honest M&A Due Diligence call. 3. A PE platform evaluating a founder-led SaaS add-on already contained a QoE that cannot tie revenue to bank cash before carve-out stranded-cost model arrived; no new Separation and Integration path. 4. Provenance on carve-out stranded-cost model after a QoE that cannot tie revenue to bank cash is broken; do not pick Proceed or Reprice yet.

ANALYSIS REQUIRED 1. Test whether a QoE that cannot tie revenue to bank cash is a diligence gap, a price chip, or a walk-away. 2. Separate a one-off add-back from a recurring earnings issue in carve-out stranded-cost model. 3. Map reps, earnout mechanics, and integration risk a PE platform evaluating a founder-led SaaS add-on would inherit. 4. For this M&A Due Diligence Separation and Integration file, read carve-out stranded-cost model against a QoE that cannot tie revenue to bank cash and write the one fact that would move management can run this for carve-out separation lead.

RECOMMENDATION Choose Proceed / Reprice / Walk / Hold on this M&A Due Diligence / Separation and Integration packet (carve-out stranded-cost model after a QoE that cannot tie revenue to bank cash). Lead with the M&A Due Diligence option carve-out stranded-cost model can support after a QoE that cannot tie revenue to bank cash, then the two facts that force it, then the Monday action for carve-out separation lead in a PE platform evaluating a founder-led SaaS add-on.

COMMAND RETURNS - Bottom-line M&A Due Diligence option on management can run this, then the evidence in carve-out stranded-cost model, then the action for carve-out separation lead - Hypothesis scorecard against carve-out stranded-cost model: supported / rejected / untestable - Missing page in carve-out stranded-cost model after a QoE that cannot tie revenue to bank cash, if any - Regulatory or exam hook Separation and Integration would cite