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By contrast, venture capital and angelinvestments normally take the form of Preferred Stock with rights and preferences set forth in the company’s Certificate of Incorporation and other governance documents. Options and warrants, when issued, are also typically exercisable for shares of Common Stock.
Due diligence on a startup can be divided into the following two components: Industry due diligence , which refers to the big picture and involves understanding the industry, who are the incumbent players in the market, who are the competitors, what competitive advantage the startup has, what their chances of success might be, and similar research.
Also, the company has reportedly disabled sharing of Google documents internally and they’ve blocked access to all companywide dashboards – likely because business has probably suffered dramatically. For over two years, Nik has been putting out a newsletter called This Week In Fintech, working at Google Pay and angelinvesting.
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