Institutional Memory
Prior assumptions, decisions, and outcomes carried into the next review.
Discuss this workflowKeep one company history across every market and fund.
Keep a company’s changing metrics, commentary, and investment history connected as it moves between private and public markets, funds, and teams.
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A company history that travels
The market changes. The reasoning should not disappear.
A company may outgrow its original reporting, enter public markets, and move between investment teams. Hermetica connects those chapters while preserving what each team knew and believed at the time.
01 / Company history
Carry the company record across market boundaries.
Connect private-round materials, public reporting, internal investment data, and company commentary to the same company history. See the sequence of evidence and decisions without losing the original context.
Explore Institutional MemoryProject Aster / investment record
What connects the private and public case?
- Private
- Growth thesis recorded2021 investment memo · Fund II
- Listing
- Reporting basis changes2023 offering materials · definition review
- Public
- Quarterly evidence added2025 company reporting · public-markets team
For the team’s review
One chronology, with each team’s evidence and decision context still distinguishable.
Inspect the source
Aster company-history record
Investment chronology · source register
- Period
- 2021–2025
- Context
- Connected company history; fund and decision context remain separate
The private-round memo, listing materials, and quarterly reporting refer to the same company. Each document retains its original date, source, fund context, and reporting definition.
02 / Metric comparability
Know when a familiar metric means something new.
Reconcile changes in reporting definitions and periods before comparing company performance across years or markets. Preserve the bridge between the old measure and the new one, including any unresolved difference.
Explore Source ReconciliationProject Aster / revenue reporting
Are these figures comparable?
- Private-round deck
- €120mAnnualized run-rate · December 2022
- Public filing
- €104mRecognized revenue · FY2022
For the team’s review
A run-rate snapshot and recognized annual revenue are different measures, not evidence of a decline by themselves.
Inspect the source
Aster reporting-basis note
Revenue measures · definition comparison
- Period
- December 2022 snapshot and FY2022
- Context
- Annualized run-rate versus recognized annual revenue
The private-round figure annualizes the December run-rate. The public filing reports revenue recognized during the financial year. The figures should not be treated as a like-for-like growth comparison.
03 / Cross-fund perspective
See the firm’s views without flattening their differences.
Bring prior investment reasoning and fresh evidence into the current discussion. Keep distinct fund mandates, time horizons, and assumptions visible so a shared company record does not become a single unexplained house view.
Explore Portfolio MonitoringProject Aster / thesis review
What did each team’s case depend on?
- Private case
- Expansion capacity over a multi-year horizon.Fund II · original investment memo
- Public review
- Near-term conversion of demand into recognized revenue.Public-markets team · current review
For the team’s review
Use the shared evidence to examine different assumptions. Keep the team and time horizon attached.
Inspect the source
Aster thesis comparison
Fund perspectives · investment rationale
- Period
- Original private case and Q2 2025 review
- Context
- Different mandates and time horizons, not interchangeable recommendations
The private case emphasized expansion capacity. The public review focused on near-term revenue conversion. Both views should be read with their original assumptions and decision horizons.
One connected system
Keep the record connected as the investment evolves.
Source Reconciliation
The evidence that governs the question, with conflicting inputs left visible.
Discuss this workflowPortfolio Monitoring
Changing evidence in view, with the original investment case still attached.
Discuss this workflowDoes one company history mean one view across every fund?
No. A shared evidence record should preserve differences in mandate, timing, and investment reasoning. Hermetica connects the history while keeping those contexts available for review.
How are changing company metrics handled?
Definitions, periods, and source documents stay attached to the figures. A run-rate measure, a period result, and a revised reporting definition should not be treated as equivalent without a reviewable bridge.
What makes a useful first session?
Choose a company-history or metric-comparability question your team repeatedly reconstructs across markets, funds, or reporting periods. Share a high-level description of the task and sources, not confidential investment materials.
A session around your work
Bring the whole company history into the next decision.
Start with one cross-market question. We’ll tailor the session to the evidence, definitions, and investment history your team needs to connect.
Request a demo30 minutes. Tailored to your workflow.