Due diligence

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decisions through evaluating your prospects

Our framework

Our framework is the outcome of our team’s years of accumulated experience.
Our knowledge gained while founding and working at startups has given us a unique perspective that we use to perform extensive analyses of startups at different stages.

Artefacts

Artefacts

Through a review and analysis of existing project deliverables and documentation, we establish a reference point for further findings prior to focusing on the larger objectives of due diligence.

Vision

Vision

We verify the overall vision for the product in order to ensure that project members and key stakeholders have a shared understanding of what’s being created.

Team

Team

By working together with a project team, we aim to gain insights about them (skillsets, proper workflows, an understanding of the product vision) that ultimately contribute to the venture’s success.

Finances

Finances

We investigate project costs and cross-reference the budget with our findings from previous steps. This could also include a review of the business model, revenue projections, and other monetary aspects.

Our process

Due Diligence process steps are tailored to give deep insight into every key area of the project. Our goal is to identify all possible risks that can prevent successful market delivery of the product. Each of the risks is described with both severity of the risk and future impact explained in the audit report. The due diligence report can contribute significantly to planning short- and long-term strategies for risk mitigations and product development.

1Initial Briefing

This is the initial step of the process. Here we present the process itself with all of its deliverables. We go through each step and explain what is the purpose, outcome and goal each stage. We also establish a timeline for the whole due diligence and set a series of briefing interviews with the key stakeholders.

2Document Review

Document review step is where we deep dive into available project documentation, diagrams, code repositories and every other type of project artefact available. This allows us to build background knowledge about the project that will be a reference point in the next steps, identify initial areas to review and prepare questions for team interviews.

3On-Site Due Diligence

At this stage, we take an even more detailed view in project artefacts - review the code, check test coverage, commits to the code repository. We also conduct a series of interviews and workshops with project team members. Finally, we review project financials and budget spending.

4Ad-Hoc Summary

Document review step is where we deep dive into available project documentation, diagrams, code repositories and every other type of project artefact available. This allows us to build background knowledge about the project that will be a reference point in the next steps, identify initial areas to review and prepare questions for team interviews.

5Critical Risks Analysis

At this stage, we take an even more detailed view in project artefacts - review the code, check test coverage, commits to the code repository. We also conduct a series of interviews and workshops with project team members. Finally, we review project financials and budget spending.

6Final Report

This is the step when we share with the customer our initial findings, list critical areas we should focus future inquiries and start forming the final report. This usually has a form of high-level summary followed by a call or meeting when we discuss the next steps.

7Debriefing

Discussing the final report is the last step of the process. During the debriefing, we go through the content of the document with the customer and highlight the most significant findings and risk areas for the project. This is done with some additional context added on top of the report content and some suggestions on how to proceed from this point. This provides a full overview of the project situation for the customer along with possible ways to proceed from here on project delivery.

Initial Briefing

This is the initial step of the process. Here we present the process itself with all of its deliverables. We go through each step and explain what is the purpose, outcome and goal each stage. We also establish a timeline for the whole due diligence and set a series of briefing interviews with the key stakeholders.

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