Due Diligence Comes in Flavors
Sometimes it's easy to forget that there's more than one type of due diligence. At the start-up stage, remembering to do both legal due diligence and business due diligence is critical.
Scott Dig posted a good description of the two type of due diligence earlier this month. He's applying the concept the VC funding, but it works with anyone you enter into a partnership or business relationship with.
I liked his use of the W. Edwards Demmings quote, "In God we trust. Everyone else must bring data." And in the end, it really is mostly about the numbers…
Photo courtesy of iStockphoto, Image# 4623024
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February 23rd, 2009 at 9:58 am
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February 27th, 2009 at 10:19 am
I’ll second that comment! Heck, I’m still waiting for Part 2 of the holiday profile from Shawn’s last bootstraping blog. I was really hoping Valentine’s Day would see the completion of the holiday themed posts…well I guess the 4th of July is just around the corner!
March 14th, 2009 at 3:40 pm
Legal and business due diligence are both very important, yes, but don’t forget about technology due diligence. Without understanding the technology that runs a company, it’s not possible to accurately assess post merger risk or integration timetables.
December 22nd, 2010 at 8:53 am
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