The two resources below are some of the best, most-concise posts I’ve found so far to lay out more on running technical diligence for early-stage venture capital investments:
VCs typically want to know the following:
- Are the claims made by the team in the areas of technology accurate?
- Is the team technically credible and competent?
- Is the organization capable of executing on their current roadmap?
- What are the technical strengths, weaknesses and risks of the company?
The final report is a lengthy document that includes
- a summary of the technology developed by the company and its underlying infrastructure
- technology advantages and risks
- external dependencies
- an evaluation of whether the technology is best in class and its future roadmap
- a summary of the organization and the team’s technical credibility and capability across all product and technical areas
- product quality and development process and the degree at which future plans seem viable
- Assessment
- Code History
- Agility
- Monitoring
- Compliance and Security
- Learning
- Intellectual curiosity and thoughtfulness
- Processes and Tools
- Organization
- Teaching
- Leadership
- Hiring
- People Management