VC due diligence

I've never run a company and I have never been involved in any kind of due diligence, but going through David Hornik's post on Venture Blog, something did not strike me as right. Here's what Hornik looks for in a company:

• Personal References


• Business References


• Technical Due Diligence


• Financials


• Hiring Forecast


• Competition

As I said, I have no experience in running a company, maybe I should shut up and listen to what is being said here, but the one point that strikes me is Hiring Forcast. Here hornik is simply referring to 'head count'. In my experience working with software startups, the one thing I've learnt is that it is not the quantity of people but the quality of people that matters the most. Great companies are born with the help of great people, I do hope when I finally decide to open a firm and look for venture, VCs will be evaluating companies a bit differently....

Posted by Navneet at June 17, 2003 08:04 AM | TrackBack | Comments disabled due to spam