No entrepreneurs like the thought of (and often not the reality of…) Due Diligence. VC’s asking lots of questions that probably seem irrelevant and worse still entrepreneurs get the sense that they are looking for reasons to chip the valuation you’ve agreed...

So it’s happened, all that work outside your already busy day job to help VCs get through the 7 or otherwise key steps has been productive and you are in the fortunate position of having multiple parties keen to invest...

So you have successfully closed your series A/B funding round and are looking forward to having more bandwidth for your product, customers and team, what happens next?

Previously in our Navigating VC Series, my colleague Joe Knowles discussed the way we structure our thinking on a new investment. In this post, I will provide an overview of the 7 key steps of the deal process as a company progresses from first meeting to term sheet.