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These are legitimate requests if you are in latter stage due diligence. If you are at this stage, you should be at a point where you are pretty positive that th

These are legitimate requests if you are in latter stage due diligence. If you are at this stage, you should be at a point where you are pretty positive that the firm and its people will be accretive if they do decide to participate in your company. It's a bit dicey if you've gone through preliminary chats and into DD while not being 100% about the people at the firm yet. Definitely don't just jump off the DD train since it can be hard to get that rolling again. However, do get a beer or lunch with them ASAP and really try to get a hold of whether you trust them and want them as partners.

The_DaveG 9y ago
This, if you are in the latter stages they will want to see everything you are saying is true. If you're projecting a hockey stick growth, but don't necessarily have the numbers to back it up that's ok, projecting is just guessing in any business. None of the good VC's I've done business with would be put off by this. If you've overinflated your numbers 20%,then it's time to have a heart to heart with your champion at the VC firm. If they are senior enough to get the deal done and they believe in you/your team, it may not matter. VC's invest in people as much if not more than a company. No matter what happens be honest with these people, the VC community is small/close knit and if this goes bad because you weren't honest from the get-go EVERYONE will know.