What we do
Two practices. One operating standard.
P36 is a capital advisory firm with a studio arm. Studio mandates form and operate companies. Capital mandates structure and close the round. A limited number of engagements run both.
Studio
For ideas that need an operator before they need a term sheet.
We co-found. That means we take equity, share the risk, and do the unglamorous work — incorporating the entity, shaping the first product, hiring the first team, and staying in the room until the company can raise on its own terms.
Request a studio briefing →What the mandate covers
- Company formation, cap table, and founding agreements
- First product definition and build oversight
- Founding team hiring and compensation design
- Fractional CEO, COO, or CFO leadership while you scale
- Positioning and narrative ahead of the first institutional round
Who it fits
You have conviction and domain edge, but no company yet — or a company that needs an operator alongside you.
Capital
For founders with traction who need the stack engineered properly.
Most rounds are lost before the first meeting — in a data room that does not hold up, a model that cannot be defended, or a structure that quietly caps the valuation. We fix that, then run the process end to end.
See the practices →What the mandate covers
- Capital structure design across equity, debt, and non-dilutive funding
- Financial modelling, forecasting, and valuation defence
- Data room build and diligence readiness
- Investor narrative, memorandum, and pitch materials
- Targeted investor introductions and process management through close
Who it fits
You have revenue or a working product, and the next raise needs to be run like a transaction rather than a hope.
How we operate
We take the work, not the meeting
Every mandate has a deliverable attached. If we cannot name what leaves our desk, we do not take the engagement.
Small number of companies
We run a deliberately short book so that the people you meet are the people doing the work.
Aligned on outcome
Studio mandates are equity-based. Capital mandates are structured so we win when the round closes, not when the invoice does.