Startup Funding Espresso -- Going Through Due Diligence
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. After an investor expresses interest in funding your deal, the first question to ask is, \u201cWhat is your diligence process?\u201d While most diligence processes follow the same format of document review and analysis with follow-up questions, each investor has their own start time, timeframe of work, and specific documents they look for. It\u2019s best to ask for their process and then follow along with it. Having a due diligence box with the standard documents helps a great deal. It shows you are prepared and there are usually only minor additions you need to make for each investor. It\u2019s helpful to make contact with the associate or analyst who will be doing the detailed work and have a direct line of communication with them.\xa0 In some cases, if you build a rapport you may have the option of contacting them directly for progress status and updates. Position your calls as opportunities to answer questions and help the associate find specific pieces of information. If the investor does not have a specific process, then presenting the due diligence box should be enough.\xa0\xa0 For new investors who are not sure what to do, you can offer to walk them through the diligence document by showing them all the relevant information. The investors are busy and can get drawn away by other deals so it\u2019s important to be timely with the follow-up.\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 For Feedback please contact info@tencapital.group