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Entropedia

Tool · No.002

Listing screener

Ten weighted yes/no questions across financials, operations, and seller signal. The verdict appears once everything is answered — and the failing items become your first diligence agenda.

Financials0 / 4

  • Does the seller share Stripe (or equivalent) screenshots, not just a dashboard?

    Source-of-truth payment data is the foundation of every other claim.

    weight 3

  • Is recurring revenue cleanly separated from one-time fees?

    Bundled revenue inflates the headline number and hides churn.

    weight 2

  • Is no single customer more than 20% of revenue?

    Concentration above 20% means one cancellation reshapes the deal.

    weight 3

  • Is annual churn below 10%?

    Above 10% net churn, the business is leaking faster than most growth models can fix.

    weight 2
Operations0 / 3

  • Is documentation good enough that you could operate it without the seller after week 4?

    Founder-only knowledge is a hidden cost the listing won't price.

    weight 3

  • Does the founder spend ≤20 hours per week on the business?

    If the founder is full-time, the buyer is buying a job, not an asset.

    weight 2

  • Are infrastructure and credentials transferable in a clean handoff?

    Tangled infra, personal accounts, and undocumented vendors all become buyer workload.

    weight 2
Seller signal0 / 3

  • Does the seller answer specific questions with specific numbers?

    Vague answers usually mean either the seller doesn't know or doesn't want you to.

    weight 2

  • Is the listing free of red flags around legal, IP, or compliance?

    Legal surprises usually surface late and kill the deal anyway.

    weight 3

  • Is the asking multiple within range for the churn and concentration profile?

    An overpriced ask is a signal about the seller, not just the deal.

    weight 2
Verdict0 / 10 answered

In progress

Answer all 10 questions

The screen runs across financials, operations, and seller signal. The verdict appears once everything is answered.

Listing screener · No.0010 / 24
How to use it

Open a listing in a separate tab. Walk down the questions in order. Treat any question you can't answer with confidence as a “no” — the screen exists to surface what you don’t know, not to flatter what you do.

What it isn't

Not a substitute for full diligence. Not a quote. Three minutes of screening saves 30 minutes of diligence on listings that don’t belong in your funnel — that’s the entire job.

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