article thumbnail

6 Due Diligence Goals When Vetting Business Partners

Startup Professionals Musings

You need to do the due diligence to make that decision before you sign away your equity. As a former startup investor, I was often involved with due diligence on founders, and I felt that founders should do the same on co-founders, as well as investors. Start now, and you won’t have to look back later.

article thumbnail

Interview with Mike Napoli, Tech Coast Angels

socalTECH

Investors are very focused on diligence, on business models that make sense, and those companies that have a definite competitive advantage and defensibility to what they're doing. Mike Napoli: We've revised the way we review companies at the prescreening stage. The ideas and people seeking money are out there in quantity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reflections on 2020: Andy Wilson, Alliance for SoCal Innovation

socalTECH

Every year, we feature the year end reflections of founders, CEOs, investors, sposors, and others in Southern California's high tech community. As you may recall the Alliance's mission is to elevate the region as a global leader in innovation, technology & entrepreneurship. We've been posting these throughout the next two weeks.

article thumbnail

Non-Technical Entrepreneurs Need the Right Partner

Startup Professionals Musings

I often hear the qualms of business-smart but non-technical entrepreneurs, wondering if they really have a chance in this high-technology marketplace. I tell them that if their idea or solution is technology intensive, they clearly need technology strength on the team. It definitely works, but may be beyond your budget.

article thumbnail

GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

Companies that have leveraged technology to make the procurement and delivery of food more accessible to more people have been seeing a big surge of business this year, as millions of consumers are encouraged (or outright mandated, due to Covid-19) to socially distance or want to avoid the crowds of physical shopping and eating excursions.

article thumbnail

Document Your MVP for a Developer

SoCal CTO

He is not a technical person, but is somewhat web savvy. Me : Product definition, use cases, feature list, wireframes, comps, really whatever you have. It's the same as when I've created financial models and then have it reviewed by a hard-core CFO, sophisticated investor or similar kind of expert. Founder : Ummm. Founder : Umm.

Develop 354
article thumbnail

Dual Founders Manage Technology Startups Better

Startup Professionals Musings

I often hear the qualms of business-smart but non-technical entrepreneurs, wondering if they really have a chance in this high-technology marketplace. I tell them that if their idea or solution is technology intensive, they clearly need technology strength on the team. It definitely works, but may be beyond your budget.