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Startup Boards -- How to Perform Diligence in a Group Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In performing due diligence in a group of investors, it helps to assign roles and responsibilities. There are three phases to diligence: Documentation diligence Team diligence Domain diligence The lead investor should take the three steps and assign each of these to one person or group. Assign the first team to review the key documents and write a short report on what the company has and if there are any discrepancies with the submitted documents. Assign the second group to review the startup team. Meet with the team, assess their skills, and write a short report.\xa0 In most cases, you\u2019ve heard the CEO pitch, but it\u2019s important to understand the CEO\u2019s skills set, including what is there and what is not.\xa0\xa0 Assign the third group to research the competition. The group should check the positioning of the company in the marketplace. Identify the value proposition and how well it resonates with customers.\xa0 Look at their pricing compared to the competition. Check the industry to see the conditions in which it will grow or decline. Remember to write down in one document the findings to share with others. The lead brings the group together to review the results and check any red flags.\xa0 Shared documents and folders make this step easier. 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\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .