# Investment committee (IC)

The investor group that approves or declines the equity in a deal.

Every funded deal answers to one, and it is the equity side's version of the bank's [loan committee](https://searchspheresource.com/glossary/loan-committee): a room you are not in, deciding on a memo written by the partner who backed you. Two things follow. The calendar is real, so a partner's yes on a call is an intention and the vote is when it becomes money, which is how a [financing contingency](https://searchspheresource.com/glossary/financing-contingency) quietly runs short. And the memo is what gets judged, so what wins a vote is a clean thesis, a price the room can defend, and a diligence file it can check without calling you.

In numbers: A fund that votes on the first Tuesday of the month is a real date: sign on 5 March, two days after the 3 March vote, and the $1.4M of equity is not approved until 7 April.

Source: https://searchspheresource.com/glossary/investment-committee
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

Site index for machines: https://searchspheresource.com/llms.txt