Teardown

Methodology

Screening criteria

Every company profiled here cleared at least one of the screens below.

Sectors

Retail, ecommerce, logistics, supply chain, insurance, energy, and construction — with an emphasis on software, tech-enabled operators, and large legacy incumbents.

Qualifying screens

ScreenThreshold
PE-owned incumbentOwned by a mega private equity firm that typically acquires companies for over $300M
Scaled privateMore than $100M raised, globally
Fast riserFounded in the past 6 years with more than $20M raised (US and Canada emphasized)
Early breakoutFounded in the past 3 years with more than $8M raised
Public incumbentEnterprise value over $10B (non-tech) or over $700M (tech-forward)

What a deep dive covers

Each profile covers the founding story, how the business actually works, how it makes money and what it charges, traction over time, market and competitive intelligence, and what customers and employees actually say — the praise and the complaints.

The judgement at the top depends on what kind of company it is. An incumbent has a position to defend, so we call it: well positioned or at risk. An emerging company has no position to defend yet, and pretending to a verdict on one would be false precision — so instead we state the single question that decides whether it works.

Nothing here is investment advice.