Prepared to be the next startup millionaire?
Ready for that next investment round or huge exit?
All savvy investors will conduct some due diligence before they commit to funding your startup.
Don’t run into landmines during due diligence that are largely avoidable. Due diligence comes with each investment round and during M&A activity. 47% of deals fail due to issues that surface during the due diligence process. Uncover these early and be ready to seize opportunity.
Lay the foundation for due diligence in advance of any deal. Structure, index, and categorize deal documents easily inside Board Director. Collaborate securely with Angel Investors, VCs, Lawyers, Advisors, and/or Investment Bankers. Ensure your deal is ready for an Angel Round, Series A round, or a Merger/Acquisition with proper preparation.
What is due diligence? The process by which a buyer of or an investor in a company, asset or business investigates the records of the target to support its value and find out whether there are matters on which it requires further information or which it should use as a platform to renegotiate the price.
If your paperwork is in order and your numbers check out, then you’re unlikely to lose out on the deal after this process completes. Show your investor that you’re serious about getting past the due diligence phase and bringing them on board to help your business grow!
Be Deal Ready, Every Time
A well-prepared company for the due diligence process has everything an investor or buyer needs—cap tables, valuations, investments, equity plans, contracts, incorporation documents, customer agreements, HR and IP issues (see full list), etc.—is accurate, up-to-date, and organized. Maintaining this data in a state-of-the-art document repository displays your professionalism.
In Board Director, we also securely store all of your company’s meeting documents. Your meeting minutes, approvals, and board packets are all available on-demand. With our Board Portal, your company can exchange documents securely, collect signatures, annotate, and keep accurate records. Our granular permissions creates levels of access for each folder and/or document.
Impress Your Investors
THE DUE DILIGENCE PROCESS
All savvy investors will conduct some due diligence before they commit to funding your startup. Due diligence is a common process in which investors will critically analyse the key facets of your startup to familiarise themselves with its structure, operations and arrangements and assess whether or not to make the proposed investment. The due diligence process is likely to include an examination of the assets (including IP) that your startup holds, the terms on which you have contracted with your key customers and suppliers; who owns what; the key members of your team and their employment arrangements, and any specific regulatory regimes with which your business needs to comply.
- Copies of certificates of registration together with any certificates of change of name
- Constitution or equivalent constituent documents
- Shareholders’ agreements or similar
- Details of any charges or other encumbrances over shares
- Management accounts and board minutes
- external loan capital, overdraft facilities/term loans etc
- irepurchase or other finance leasing arrangements
- mortgages, charges or other security arrangements
- guarantees given by, or other material contingent liabilities of, the company
- any loan/financing arrangements with suppliers or customers/distributors
- any grants by government or other regulatory authorities or bodies currently outstanding or received
SUPPLIER AND SALES/DISTRIBUTION ARRANGEMENTS
- Details of all arrangements for the supply of: (i) key materials, consumables and utilities; and (ii) key services.
- Details of sales/distribution arrangements, including customer lists and details of pricing arrangements
- Standard terms and conditions of trading
OTHER CONTRACTUAL ARRANGEMENTS
- Details (including copies of written agreements/terms) of any other material contractual arrangements relating to operations, including partnership, strategic and customer alliance arrangements
- Details of which contracts are key to your startup
INTELLECTUAL PROPERTY DOCUMENTATION
- Details of all registered intellectual property rights including: patents; trademarks; designs; domain names; and business names
- Details of any material unregistered intellectual property rights including copyright (including logos, advertising materials etc), methodologies, confidential information, process information and technical knowhow, data and specifications, and details of who developed that intellectual property
- Copies of all agreements relating to intellectual property, including IP assignments, licences to and from the startup, research and development agreements, collaboration agreements, settlement and coexistence agreements and confidentiality agreements
- Policies and procedures in place to protect key confidential information
INTELLECTUAL PROPERTY DOCUMENTATION
- Details of any material software used, including: (i) copies of all licence agreements; (ii) details of who maintains and supports the
software; and (iii) details of any development, configuration or customisation/enhancement work performed
in relation to that software and copies of all agreements relating to the design, development or configuration of that software.
- Details of any material hardware used in the startup, including: (i) copies of all lease or hire purchase agreements relating to that hardware; and
(ii) confirmation of who maintains and supports the hardware.
- Details of all telecommunications services used within the startup and corresponding agreements relating to the supply of those services or the provision or maintenance of associated hardware and software
- Copies of all other agreements in relation to the supply, support and outsourcing of information technology
- Details of business continuity plans and procedures
- Details of security policies, protocols and procedures
- employment agreements and standard terms of employment
- copies of employment manuals/policies
- details of superannuation/pension arrangements
- terms and conditions of engagement of any consultants or contractors used in the business
The Best Way to Grow Your Startup
Enhance the Power of Your Board
As an early stage CEO, you wear a lot of hats. It is easy to lose sight of growth when bogged down with day-to-day tasks that eat away your day—not to mention all of the preparation needed for board meetings.
With Board Director as your partner, you can say goodbye to email as your primary tool for board communication. Our comprehensive Board Management Software will maximize the effectiveness in the boardroom. Level up your board’s value when you need it most—so you can focus on growing your company.
Leave Emails Behind
Board Meeting Software
Streamline board meeting creation. Your board and committee meetings have never been so easy to schedule. With Board Director’s automated meeting scheduler, you can add your meeting’s purpose, invite business units and guests, share date, time, location, phone and video conference details, and more.
You can also create your meeting’s agenda and board packet in our intuitive Agenda/Board Packet Builder. And with our annotation suite, your board will have the necessary tools to be fully prepared for each board meeting. Say goodbye to scheduling meetings email with attachments when you choose Board Director.
Early Stage Eligibility Requirements
Once we’ve verified your startup’s eligibility, you’ll be able to activate your Board Director discount.
✔ Up to $1M in funding and less than 3 years old
✔ 5 employees or less
✔ Currently not an Intercom customer