If you want to increase your chance of getting money from an investor, study their due diligence checklist and prepare a due diligence data room properly.
If you don’t intend to grow your startup into an 8 or 9-figure company, you can save time. This post is not for you.
Venture Capital Due Diligence Checklist
I’ve helped hundreds of founders prepare their pitch decks and financial models. These are the pre-requisites to making contact with investors.
I’ve also spent countless hours extolling the virtues of preparing a due diligence data room BEFORE they begin investor outreach.
This advice falls on deaf ears in 99% of the cases.
However, there is a method to my madness! Why prepare an enticing deck and model, hook an investor, and then proceed to lose said investor because you took 4-6 weeks to provide them with due diligence documents?!
Where Can You Find A Due Diligence Checklist?
I could cut and paste something into this blog and pretend it is my own. The fact is, these checklists have been around for as long as the Venture Capital Industry has been. That’s like seventy years. I’m 62. Go figure!
Sooooo, as always, it pays to NOT re-invent the wheel.
I have used this company myself, and have recommended them to many of my startup portfolio companies.
They have created this due diligence checklist page, which I highly recommend you read.
About The Author
James Spurway is an Angel Investor, Advisor, Mentor, Speaker, former Commercial Pilot, and Author specializing in raising debt and equity funds for pre-seed or early-stage seed rounds for Startups in the Fintech, DeepTech, AgTech, ClimateTech, and AgeTech verticles. He lives in Singapore and has spent the past 30 years living and building businesses in Hong Kong, Vietnam, Germany, Switzerland, Monaco, the USA, Thailand, the Philippines, and Australia, where he was born.