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Due diligence by Mind Map: Due diligence
5.0 stars - 5 reviews range from 0 to 5

Due diligence

Ownership, structure & capitalization

Paid in capital

Total common shares

Options and warrants

Issued shares documentation

Certificates, Legends, Copies

Board votes

Stockholder approvals

Model capitalization to exit

Capitalization legal opinion

No subsidiary

Intellectual property & licenses

Freedom to operate

patent searches

license agreements

infringement letters

Barrier to entry

filing dates

Other

switching costs

regulatory advantages

Intellectual property portfolio

Patents, Status, filing dates, geography, prosecution history, Ownership, assignments, licenses, Chain of custody

License agreements, Royalty, patent costs, fixed fees, termination clauses

Trademarks, copyrights, trade secrets

IP growth plan

Policies and procedures

Employment agreements

Legal representation

Management

Resume and CV

Outside activities

Governance

Advisors

Board

startup track record

References

SOS entities and standing

fundraising expertise

Environment

Investment in venture

Reasonable startup salaries

Responsiveness

Accuracy

Market

Customer

references

primary research results

product specification desires

Who buys

Who decides

Who pays

Competition analysis

Market size references

related portfolio companies

Checklist

Financial plan

Financials

Burn rate

Audited financials

Historical financial statements

financing history, Source of capital, Terms

Cash on hand

Schedules, Accrued expenses, liabilities, related-party transactions

Funding sources

Use of funds

Sales initiation

Breakeven point

total funding planned

Debt, equity rights & deal terms

Corporate form

Bylaws

C-corp

Charter and amendments

Previous series and terms

Preferences

Anti-dilution

Investor credibility

Valuation

Paid in capital

Other sources of capital

Technology

Platform technology

product-related

disruptive

stage of development (TRL)

Independent review and validation

protected and defensible

Other references for due diligence preparation

Checklists

ASME

Inc.

Meritus Ventures

Businessweek

Questions to ask

Guy Kawasaki

Startup professionals

Business plan & pitch

Demonstrated traction in fundraising

Professional pitch and plan

Team

Value proposition

Competitive advantage

Market

Intellectual Property

Marketing plan

Operational plan

Regulatory plan

Government regulations

Financial projections

Exit strategy

Clearly articulated business plan

Reasonable use of funds

complete due diligence package

List of all contracts

Capitalization back-up available

Analysis complete, competition, intellectual property, revenue model, Faq available, Technology validation

Diligence checklist