Infrastructure for ETA

I've talked to 70+ search fund investors. Most are evaluating deals blind. Here's what they told me: "I can't tell if the searcher understands the risks or is just selling around them." "Assumptions change between calls. I don't know which version of the story is real anymore." "I ask the same question twice, six weeks apart. I get different answers. Red flag." "When our analyst leaves, we lose 100 deals worth of knowledge. Gone." "I manage 8 searchers and 40 portfolio companies. I can't remember what killed deal #23 when I see the same pattern in deal #47." Here's the brutal reality: LPs aren't just underwriting businesses. They're underwriting whether you can execute under pressure. Can you surface risks early? Track what changed and why? Keep 15 investors aligned? Show process discipline when everything's chaos? Most searchers can't. Because they're running million-dollar decisions on spreadsheets and hope. The ones who close? They have infrastructure. Not fancy. Just functional. A system that: - Captures every deal, risk, and decision - Builds institutional memory that compounds - Shows pattern recognition across portfolio - Doesn't disappear when people leave That's what DealDecoder is. Not a deal tracker. The operating system for how serious investors and searchers should actually work. The market's shifting: LPs don't want pitches anymore. They want proof you can execute. Spreadsheets don't prove that. Question for LPs, independent sponsors, fund managers: What are you using to track deals and spot patterns across your portfolio right now? And is it actually working, or are you pretending it is? Drop a comment or reach out!