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Aspiration Gets $47M For Online Banking Efforts

socalTECH

Los Angeles-based Aspiration , and online banking startup which calls itself "the financial firm with a conscience", said on Tuesday that it has raised $47M in a Series B funding round. Aspiration lets users pay what they want in terms of fees they pay to the company. READ MORE>>.

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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. Be prepared to follow-up as required.

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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

Let me start out with my premise: “Data rooms are where fund-raising processes go to die.” I have to back up and give you more context. These collective sets of documents form the basis of what somebody looking at investing would call “financial due diligence.” It doesn’t. The data room is where your process goes to die.

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

Both Sides of the Table

And a key point is that when it comes down to “negotiations&# you need to turn up your personal heat and dial back the middle man. Let me start with an example. She told me, “start with the price you want but the move in date he wants.&#. I said, “If I start with your position I have nowhere to go but down.

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How Much Information Should you Give VCs for Due Diligence?

Both Sides of the Table

Simply don’t bring them up. Follow Up Engagement. 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.