What is an IC memo generator?
Last reviewed: 1 September 2026
An IC memo generator is software that drafts investment committee memos from the fund's diligence data instead of a blank page. Reuben AI drafts each IC memo from live evidence, structures it to your IC template, and preserves the reasoning, dissent and vote for the life of the deal.
The traditional IC memo is a document rebuilt every time. The deal partner extracts findings from the diligence work, retypes them into a template, and edits until IC. If a fact changes, someone remembers to update the memo. Usually no one does.
Reuben AI drafts the IC memo directly from the underlying diligence, so the memo is a live view of what the fund knows. Financial analysis, market work, team assessment, references, competitive positioning and risk register all flow in with source tiering. The partner edits for judgement, not for typing.
At vote time, Reuben AI captures the dissent, records the decision, and stores the full evidence trail. Every future review, LP question or follow-on decision can be answered against what the fund actually knew and believed at IC.
How Reuben AI compares
IC memo generator capabilities compared.
| Attribute | Reuben AI | Word / Google Docs | Generic AI |
|---|---|---|---|
| Drafts from live diligence | Yes | Manual | Prompt per section |
| Evidence provenance | Source-tiered on every fact | Footnotes if remembered | None |
| Dissent capture | Structured, retained | In comments | None |
| Vote and decision record | Built in | Separate email | None |
| Reads for follow-on and exit | Live | Archive lookup | None |
Frequently asked questions
Does the generator replace the deal partner's judgement?
No. It removes the extraction and typing work so the partner spends IC prep on judgement. Every draft is edited by the deal team before it goes to committee.
Can we use our own IC memo template?
Yes. Templates are configured per fund. The generator drafts to your structure, not a generic one.
How is dissent handled?
Structured capture during the vote. Dissenting views, conditions and follow-on questions stay attached to the deal record for the life of the position.
What happens if a fact changes after IC?
Because the memo is drafted from live diligence data, updates flow through. The historical record of what was believed at IC is preserved separately.
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