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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.  Before You Launch_5 Steps to Technical Due Diligence

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:

  • How are the developers approaching code quality?

  • Are technical specifications in place?

  • 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:

  • Are the developers using version control?

  • Does version control, if used, allow for rapid deployment of product changes?

  • 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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