Diligencing the Technology

In diligencing the technology in a startup, here are some key questions to ask:

How many of the tech modules have been completed and how many more must be completed before going to market?

Does the technology provide a substantial advantage over the competition?

One way to check this is to see if it provides a 10X improvement over the current technologies.

Does the technology architecture scale?

Is there a roadmap for the technology and how to grow it?

Who on the team owns the technology and the roadmap? 

Do they work in the company, or is that outsourced?

What other platforms does the startup’s technology rely on? Does it rely on Google, Facebook, or other platforms that can change?

How does the startup protect their technology — trade secrets, patents, or others?

A new technology wave comes out every 3 to 5 years. How long before this technology is obsolete?

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.