Startup Funding Espresso -- Due Diligence Mistakes
Due Diligence Mistakes Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are several mistakes one can make in the due diligence process. Here are a few points to check: Focusing on every potential risk in the deal and not the primary risks. In this case, diligence turns into a never-ending slog with no endpoint. Many CEOs are successful entrepreneurs who did well elsewhere and are now working in a new area.\xa0 The CEO must be experienced in the domain of the startup.\xa0\xa0 Does the company have real traction in the market? It\u2019s often the case they have a few key customers who jump-started sales, but there\u2019s no real momentum. Will customers buy the product in sufficient numbers? The market demand must be great enough to grow the business.\xa0 Does the team have a focus on the exit strategy? Make sure the team knows their exit and has a strong sense of it.\xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group\xa0\xa0 Please , share, and leave a review. Music courtesy of .