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Apply HN: due diligence as a service
by hoodoof 11y ago
Apply HN: due diligence as a service
- birken 11y agoWhen you raise a Series A or later funding there normally is an extensive amount of due diligence done before the deal is closed. Sometimes you pay for it, sometimes the VC pays for it, but it happens. Before that point spending extensive time or money on due diligence is probably a waste. By all means keep accurate documentation of what is going on and follow best practices, but if there are a few minor issues it probably doesn't matter and will get cleaned up later if your business is doing well enough (note: this situation is obviously not a minor issue).
- p4wnc6 11y agoI propose the name for 50% equity: DDaS Attack!
- hoodoof 11y agoI hereby name you my co-founder. 50/50. I shall now go find a buyer.
- jsprogrammer 11y agoIsn't that a bit of an oxymoron? If you just trust some people you pay, how is that different from trusting the other people you pay? 'Due diligence' must be performed by the buyer, otherwise it is something else.