4 ms·
I just found the below reference in the YC Library. I'm definitely not against due diligence, and getting investors to look at our financials, but we're a tiny
by pedalpete 4y ago
I just found the below reference in the YC Library.
I'm definitely not against due diligence, and getting investors to look at our financials, but we're a tiny team, in a pre-revenue start-up. There isn't a lot to look at, and the investors should know that.
It's more a question of are these sophisticated investors? As mentioned, most investors are not asking for more than we are already providing which is our deck, exec summary, and whitepaper with details about research (we're deep tech).
https://www.ycombinator.com/library/4A-a-guide-to-seed-fundr https://www.ycombinator.com/library/4A-a-guide-to-seed-fundr...
> Do not spend too much time developing diligence documents for a seed round. If an investor is asking for too much due diligence or financials, they are almost certainly someone to avoid. You will probably want an executive summary and a slide deck you can walk investors through and, potentially, leave behind so VCs can show to other partners.