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. The CEO must be experienced in the domain of the startup. Does the company have real traction in the market? It's often the case they have a few key customers who jump-started sales, but there's no real momentum. Will customers buy the product in sufficient numbers? The market demand must be great enough to grow the business. Does the team have a focus on the exit strategy? Make sure the team knows their exit and has a strong sense of it. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let's go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound.