EBAN – Due Diligence Guidebook for Angel Investors (1)
The aim of this documents is to provide a template for a due diligence report, and
some ideas for questions to ask and lines of enquiry to make. The list of questions is
not intended to be comprehensive, and many may be inapplicable to certain
companies. Clearly with a wide range of business models, stages of development and
trading history, this will never be a “checklist” exercise. The template is therefore
intended as a guide as to the principal areas to cover and a starting point of
questions to ask. Depending on the answers, some areas will certainly need more
thorough investigation. A further aim is that we have some consistency in the due
diligence exercise, to allow the investment committee to compare different
investments.
