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What is Due Diligence?

Posted by Erica Duignan Minnihan on May 11, 2016 2:30:00 PM


Due Diligence may sound like a scary process, but it really just means exercising a reasonable standard of care before making an investment decision. During the due diligence process at 1000 Angels, we get to know the companies we are considering investing in very well. And a lot of that starts with getting to know the founders.

We rely on referrals from other founders, 1000 Angels and experienced investors to help us meet founders that we can trust. If you have meet a founder for the first time and like his or her idea, make sure you do a lot of “asking around” and reference checking before making a decision. Many of the founders we have made investments in we have known for several years before actually writing a check.

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Topics: Venture Investing, Invest in Startups, Due Diligence, Venture Investing Academy, Direct Investment