Demystifying Due Diligence

Fundraise like a pro

(I’ve been slightly swamped with work this week, so this post is not research intensive - but more of a quick overview of what my experience of looking at 300+ projects over the last 2 years at a venture capital fund.)

I recently spoke to Sidd, research lead at Buidler’s Tribe about the process of due diligence. Here are the key takeaways from our conversation:

Fundraising can often be confusing and even frustrating. The sages from the investing world (cc: Naval Ravikant’s 7 tips) will tell founders to use the fundraise phase as an opportunity to hone their evangelising skills and indeed, with the right support system - raising capital can be a breeze.

However, don’t worry if it’s not - which is why point #6 is a crucial piece of information to remember. Find analysts or other founders who can guide you through this journey (they are called angels for a reason) and work with partners who truly believe in your project.

Nothing attracts VCs like a well-researched founder and someone who has an interesting background. Put your best foot forward, there will be some hits and some misses, but that’s how the journey goes.

Crypto projects raised US$ 30bn in H1 2022 - even with the bear market, the ecosystem is still hungry to back good projects. Build on, my dear anon.