For good investment decisions you need:
- Expertise: Investments in your field of expertise lead to a a 60% better return on investment.
- Hard Work: Investing more than 20 hours per deal leads to a 2x better return on investment.
- Due Diligence: Structured analysis of the team, market, product, competition and initial traction.
In a nutshell, due diligence includes:
At the very early stage, most investments are made based on the founding team
Research has shown that perceived passion can influence your investment decision
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