Startup Funding Espresso -- How Does Due Diligence Differ Between Angels and VCs?
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. How does due diligence vary between angels and venture capitalists? At a high level, the diligence is the same between angels and VCs. They both look for a good team, a strong market, and a quality product.\xa0 At a detailed level, the angels who come in earlier than many VCs will look at a deal differently.\xa0 On the first pass, angels look for product validation and market validation. Does the product work and will someone pay it?\xa0\xa0 On the second pass, angels look for a strong team that can take it all the way and a large market that the company can pursue. VCs on the first pass look for a strong team, initial traction, and a large market.\xa0 VCs on the second pass look for synergies in the team, KPIs that show growth, and scalability into the market.\xa0 It\u2019s important to understand who you are pitching and what they look for.\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