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How Do You Prepare For A Venture Capital Technical Diligence Meeting?
“Let’s look this guy up,” I said to Jeroen, my cofounder and VP Engineering, about the expert the VC firm was using to do technical diligence on us. I then did a search on LinkedIn and found “Peter’s” resume.
“Well, there’s good news and bad news,” I said to Jeroen.
“What’s the good news?” Jeroen asked.
“The good news is Peter at least has relevant industry experience. The bad news is he’s not that technical.”
You have to expect the worst when VCs do technical diligence on your company.
“What do you mean?” Jeroen asked.
“Take a look at his bio. He’s spent the bulk of his career in management roles, not engineering roles.”
Jeroen scrolled through Peter’s bio on my computer. Then he said, “You’re right.”
“I think we should prepare for a technical review, but you’ll probably have to dumb it down. But my worry is this (the review) is going to turn into something else.”
Jeroen nodded his head in agreement. “I know,” he replied.
