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> I bet they pour over and nitpick lots of minor details on the financials What financials? Lots of these companies have little to no revenue.

• mmahemoff 11y ago
  Projections up and to the right.
  • erobbins 11y ago
    "this graph looks like a hockey stick, how's $50 million?"
    • cowsandmilk 11y ago
      to be fair, their competition has well-known financials. The size of the existing market for blood tests is already large; any penetration would give you a sizable business.
      • 7Figures2Commas 11y ago
        "If this company obtains 1% of a $500 billion market, things will be great!" is not due diligence. Here, everything realistically comes down to the technology because the company's ability to gain and sustain market share is almost wholly dependent on it having a superior technology.
    • PhantomGremlin 11y ago
      Some cliches never go out of style. I was at a startup in the mid 1980s and the words "hockey stick" came out of the CEO's mouth quite often. Edit: BTW that mythical hockey stick quarter never did arrive.
• raverbashing 11y ago
  The ones on the business plan