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Due diligence is often regarded by entrepreneurs with skepticism if not with dread. Like any prudent investor, VCs need to assess the quality of management, the potential of a product or service and the target market. The general rule is that VCCs will take the time we need to reach the comfort level necessary to invest someone's hard-earned money into your company. In most cases, this takes 1-2 months, depending on complexity and most of all, on transparency. The more organized your thoughts, your documentation, and your response time, the less time this process will take. More often than not, VC's due diligence is a valuable exercise for entrepreneurs in validating their strategy, financial planning, and corporate structure.
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