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? We’ve been working to find answers to these questions —and many more — over the past few months.
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 we found in our 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. We’ve constructed this guide to help fintech startups, venture capital firms, and other investors understand it better.
In our Remote Due Diligence Mini-Guide, we’ll 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 our own investment team at Accion Venture Lab for our fellow investors, as well as startups seeking funding.