Companies · Coal Mining
DRAPER · Coal Mining
Diligence memoA one-page analyst read on East Carbon Land Co #2, LLC — recommendation, valuation, rhythm, risks.→East Carbon Land Co #2, LLC looks under-valued against its niche peers and is dormant on financing cadence.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
East Carbon Land Co #2, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
East Carbon Land Co #2, LLC is one of 76 Coal Mining companies tracked from DRAPER. By capital raised it ranks in the long tail (ahead of 28% of sector peers), and in the long tail by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.
Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 76 companies in Coal Mining. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 28% of sector peers (real $). Modeled value above 33% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #10 of 10.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Opal Five, Llc | Seed | $4.0M | $17.3M | 1.46× |
| Menotti Real Estate III, LLC | Seed | $4.0M | $15.0M | 1.26× |
| 505 Coal. LLC | Seed | $4.0M | $14.8M | 1.25× |
| 202 Coal, LLC | Seed | $3.6M | $13.3M | 1.12× |
| 303 Coal, LLC | Seed | $3.5M | $12.9M | 1.09× |
| Topaz Eight, Llc | Seed | $2.5M | $10.8M | 0.91× |
| Menotti Real Estate I, LLC | Seed | $2.6M | $10.0M | 0.84× |
| Menotti Real Estate II, LLC | Seed | $2.6M | $9.9M | 0.83× |
| 101 Coal, LLC | Seed | $2.6M | $9.6M | 0.81× |
| East Carbon Land Co #2, LLC this company | Seed | $1.5M | $6.9M | 0.59× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Seed | $1.5M | 2019-09-03 | $7.5M | $6.9M | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Ronald E. Wilhelm | — | 5 other | 2019-09 |
East Carbon Land Co #2, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Topaz Eight, Llc | Coal Mining | Seed | $2.5M | $10.8M | network1 shared operator · same sector · same stage |
| 303 Coal, LLC | Coal Mining | Seed | $3.5M | $12.9M | network1 shared operator · same sector · same stage |
| 505 Coal. LLC | Coal Mining | Seed | $4.0M | $14.8M | network1 shared operator · same sector · same stage |
| Opal Five, Llc | Coal Mining | Seed | $4.0M | $17.3M | network1 shared operator · same sector · same stage |
| Mericol, Inc. | Coal Mining | Seed | $1.5M | $6.9M | same sector · same stage |
| Lysander Minerals Corp | Coal Mining | Seed | $1.7M | $7.8M | same sector · same stage |
| NovaDx Ventures Corp. | Coal Mining | Seed | $1.0M | $4.8M | same sector · same stage |
| Borneo Resource Investments Ltd. | Coal Mining | Seed | $1.0M | $4.7M | same sector · same stage |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| East Carbon Land Co LLC | Coal Mining | Pre-Seed | $5.8M | 98% |
| East Carbon Land 3 LLC | Coal Mining | Pre-Seed | $3.6M | 95% |
| 206 Coal LLC | Coal Mining | Pre-Seed | $1.5M | 81% |
| K-Island Resources, LLC | Coal Mining | Series A | $19.0M | 80% |
| 204 Coal LLC | Coal Mining | Series A | $21.0M | 80% |
| 205 Coal LLC | Coal Mining | Pre-Seed | $2.0M | 80% |
| 505 Coal. LLC | Coal Mining | Seed | $14.8M | 80% |
| 203 Coal LLC | Coal Mining | Series A | $29.3M | 79% |
See where East Carbon Land Co #2, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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