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Aspiration Gets $47M For Online Banking Efforts

socalTECH

The funding lase led by Social Impact Finance, and also included Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, and Capricorn Investments, plus actor Orlando Bloom, Los Angeles Clippers coach "Doc" Rivers, former Citigroup Chief Operations and Technology Officer Deborah Hopkins, Bad Robot President Brian Weinstein, (..)

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5 Steps To Reduce Due Diligence Investment Failures

Startup Professionals Musings

In my activities as an angel investor, and my work with new ventures seeking investment, I find the “due diligence” stage to be fraught with the most risk. Usually this stage only really starts after an investor has expressed serious interest, or already informally agreed to invest. Set up an interview room, stocked with current docs.

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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

Or if you’re a VC raising from LPs you have to list all of your deals, your investment value, your carrying value, your multiples, your IRRs, TVPIs, DPIs, etc along with net cashflows plus your previous LPAs. These collective sets of documents form the basis of what somebody looking at investing would call “financial due diligence.”

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How Much Information Should you Give VCs for Due Diligence?

Both Sides of the Table

I often coach that this period is often when you can engender great confidence from the partner. There is no reason to part with your cap table or legal docs until you’re convinced that they’re actually committed to doing work with you in due diligence. Have you invested money directly? Fair questions, all.

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Don’t Cede Control: Why You Need to Cut out Middle Men in Negotiations

Both Sides of the Table

But as it goes to the legal docs naturally 20 issues arise the require negotiations. You can certainly get coaching from your VC on how to play the negotiations since they do it more often than you do. I have investment money at stake so I’m a principal in the negotiation, too. You want the deal to close in 4 weeks.