Guide to Remote Due Diligence
When the COVID-19 pandemic struck, founders and investors alike wondered what effects it would have on the startup market. How would companies adapt? What effects would the crisis have on operations? And would investors continue to evaluate potential opportunities?
Now that some time has passed, we’re seeing that the startup ecosystem has adapted in stride — and as an encouraging sign, investors are still investing. Just as Accion found in its own experience and in conversations with other investors, the approach to the due diligence process has changed – and some of these changes may transcend the current pandemic. This guide is intended to help fintech startups, venture capital firms, and other investors understand it better.
The Remote Due Diligence Mini-Guide will share:
- Which steps in the due diligence process have changed, and how.
- How investors are using technology, in-market relationships, and other tools to approach due diligence in a remote fashion.
- And, some words of advice from the investment team at Accion Venture Lab for fellow investors, as well as startups seeking funding.