How to Prepare for Technical Due Diligence
An article we liked from Thought Leader Michael Kimball, Esq.:
Before You Launch: 5 Steps to Technical Due Diligence
You’ve developed your tech product to the point it is ready for a Proof of Concept.
You are about to raise a venture capital round. You’ve assessed its market potential. Now it’s time to be ready for VCs to conduct a deep dive into its technical infrastructure. Here is a starting list of five questions.
1. Is the product built using inhouse or outsourced employees?
Any product begins as a concept, with employees bringing that concept to life. Ask these questions about the development team:
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How are the developers approaching code quality?
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Are technical specifications in place?
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What agreements exist regarding ownership of the IP and outsourcing?
2. How agile is the product? (speed versus reliability)
Tech products work to strike a balance between speed and reliability. Investigate these issues more thoroughly to determine where a particular product falls on that spectrum:
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Are the developers using version control?
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Does version control, if used, allow for rapid deployment of product changes?
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Are the developers using...
Read the rest of this article at kimballesq.com...
Thanks for this article excerpt and its graphics to Michael Kimball, Esq.
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