COREangels MEA’s Post

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Early-stage startups often make the following mistakes during the due diligence phase: As a community of early-stage investors, we frequently see avoidable mistakes during the due diligence phase, and there are some common errors we consistently encounter. Don't let these missteps stand between you and your big opportunity: 1. Unprepared Documentation: Failing to have necessary documents like financials and legal agreements organized. 2. Legal Oversights: Not having all legal aspects, such as contracts and IP rights, properly covered. 3. Unrealistic Financial Projections: Presenting overly optimistic numbers not backed by solid data. 4. Poor Communication: Not being transparent or consistent in communicating with investors. 5. Weak Market Research: Lacking a clear understanding of the market, competition, or customer needs. 6.  Underestimating Time and Effort: Not realizing the time and effort required for due diligence, leading to rushed work. 7. Lack of Traction and Validation: Struggling to show early successes or market validation. Due diligence is a significant phase in your investment journey so give it too much attention and do not rush yourself and your team, just give the investors what they really need to know honestly. Learn more about angel investment at COREangelsMEA: https://lnkd.in/eahp7PSv  #COREangelsMEA #startups #Angelinvesting #MEAregion

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