Our Due Diligence Process

• Pitch deck, [*]
• Executive team resumes & salaries,
• Business plan,
• Sales pipeline or marketing plan,
• Contracts,
• Contact of a reference customer and the lead investor,
• List of top industry associations and trade publications,
• Financial statements (2-yrs back + YTD) and financial projections
• Cap table on a fully diluted basis, including options, warrants and securities,
• Shareholder agreement,
• Term sheets,
• Board meeting minutes,
• IP, including patents, IP license agreements and claims, trademarks, copyrights, and freedom of operations studies and
• Certificate of incorporation.

[*] Mighty Capital will retain a copy of those documents in its archive post-due diligence.

TEAM

• CEO: caliber, listening skills, and appetite for risk / exit,
• Leadership team: caliber, complementarity, and compatibility,
• Advisors: caliber, complementarity, and influence,
• Board Directors: caliber, governance, and ethics, and
• Ability to attract talent and create an effective culture.

TRACTION

• Market: must-have, value chain, and company positioning,
• Product: roadmap, competition, and defensibility,
• Scale: growth drivers, predictability, and velocity,
• Business model: revenue, go-to-market, and pricing, and
• Efficiency: cost, supply chain, and margin.

TERMS

• Deal: terms, milestones, and general attractiveness,
• Lead investor: reputation, board experience, and ethics,
• Future rounds: roadmap, dilution, and general attractiveness,
• Exit: best case, worst case, and timing, and
• Law firm: reputation.

FIT W/ MIGHTY CAPITAL

• How can our relationships support the business?
• Are we aligned in our thinking around an exit?
• What role do we want to play post-financing?