Coverage as rich as a sell-side initiation, on public and private companies. Agents produce it, a named analyst signs it, and every thesis goes on the record. It powers both pillars and is sold to investment managers, LPs, GPs, PMs and angels.
Every flagship report covers the full set of questions a PM or allocator would ask before sizing a position or a commitment. Agent pods assemble the evidence, and a human analyst owns the conclusion.
The pricing models describe how each tier is structured. They are not quoted prices.
Full initiation-style coverage: industry, model, valuation, scenarios, risks.
Subscription or per-reportQuarterly results notes, model updates, thesis changes, event notes.
Included in subscriptionInitiation-grade work on private companies from public and licensed data.
Per-report or subscriptionCustom sector maps, diligence-grade studies, thematic work.
Project feeLibrary, Conviction Ledger, briefings, analyst access by seat.
Annual seat subscriptionEvery card below is a sample with a placeholder title, shown to illustrate format and tier. Zax has not yet published research, and the first initiations are planned for Phase 1.
Placeholder title. A full initiation covering industry structure, unit economics, a three-statement model, DCF, comps and precedents, scenarios and key risks.
Request accessPlaceholder title. Coverage of a sector, with a competitive map, KPI benchmarks and relative valuation across the peer set.
Request accessPlaceholder title. Results against the model, thesis checkpoints and estimate changes, all logged to the Conviction Ledger.
Request accessPlaceholder title. Initiation-grade work on a private company, drawn from public and licensed data only, with no client MNPI.
Request accessPlaceholder title. A custom sector map and diligence-grade company studies. Commissioned work is labelled as commissioned.
Request accessA seat-based platform with the library, the Conviction Ledger, briefings and analyst access.
Request accessA preview of the first pages of a flagship report on Example Co., a fictional company. Every figure is a placeholder, and the layout is what is being shown.
[Sector] · Initiation: [View] · Analyst: [Named analyst]
[Placeholder] Example Co. is a fictional company used to show the Zax initiation format. This page would summarize the thesis in three points, the key debate, and what has to be true for the view to hold.
1. [Market structure point]. 2. [Unit economics point]. 3. [Catalyst or risk point].
[What the market may be missing, framed as a testable claim recorded in the Conviction Ledger.]
| Case | What has to be true | Value |
|---|---|---|
| Bear | [Driver and evidence] | [—] |
| Base | [Driver and evidence] | [—] |
| Bull | [Driver and evidence] | [—] |
[Dated, observable milestones the view will be scored against in the Conviction Ledger.]
[Placeholder] Concentration, value-chain economics and where profit pools sit, with sources cited inline [1]–[4].
Illustrative bar shapes only. No data.
[Placeholder] Moat assessment against named peers, and switching costs evidenced by [source].
[Placeholder] Incentive alignment, capital allocation record, board composition.
[Placeholder] Triangulated across DCF, trading comparables and precedent transactions, with bear, base and bull scenarios.
| Method | Key assumption | Low | Base | High |
|---|---|---|---|---|
| DCF | [WACC / terminal] | [—] | [—] | [—] |
| Comparables | [Multiple, peer set] | [—] | [—] | [—] |
| Precedents | [Deal set] | [—] | [—] | [—] |
[Bear], [Base], [Bull], each with the explicit drivers and the evidence that would move it.
[Placeholder risk register, with a probability and impact view.]
[Positions held by Zax entities, funds, the principal book and the analyst in the covered company: None / Disclosed.] [Any advisory or broker-dealer relationship: None / Disclosed.]
The view was not influenced by advisory, banking or investment interests. The analyst is not compensated on transaction revenue.
No Zax account, fund or employee may trade this security in the embargo window around publication.
Drafted with Grok Bot research agents from cited sources. Every figure was verified and the view signed by a named human analyst.
Research is a revenue line and a record of judgment, so it is governed like both.
Agents draft from cited sources. A named analyst verifies every figure, owns the view and signs off, and the Head of Research approves publication.
Views are not shaped by advisory, banking or investment interests. Analysts are not paid on transaction revenue.
Every report discloses positions held by Zax entities, funds and analysts, and any advisory or broker-dealer relationship. Commissioned work is labelled.
No Zax account, fund or employee may trade a covered security around publication. Distribution to all entitled subscribers is simultaneous.
Research distributed through the broker-dealer follows FINRA research rules. Advisory MNPI never enters research.
Tell us what you cover, and we will contact you when the first initiations publish. You can also write to research@zaxcap.com.