Due Diligence - Working In Groups Is Better

Published: 5/21/2007 11:07:36 AM

An important part of angel investing is doing due diligence.  It isn't exactly fun or exciting, but is absolutely necessary.  One of the benefits of being in an organized angel group is the ability to divide up the due diligence efforts among the interested members. 

This usually results in better information because each member has more time to devote to his or her specific area.  Additionally, a smart group will assign the more technical angels to delve into the product or service details, and the less technical members to focus on the business issues.  Having more "eyes" on the company also results in more perspectives and healthy debate on its future prospects.

Working in a group is never perfect, but working together to determine whether an investment makes sense is usually the best course.

Don Jones


Don Jones
CEO, VentureDeal

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