Due Diligence Webinar
This module is a part of NACO Academy Module Series.
This highly reviewed webinar is geared to both entrepreneurs and investors. It will take place in one 3-hour session. This is a serious half day workshop, not a simple 1 hour overview and is primarily designed for founders and investors in startup to early revenue technology companies, seeking Seed or Series A stage funding.
Presenter: Kirk Hamilton
Kirk is an active Angel Investor in a variety of BC based start-up businesses and as an investor member of WUTIF Capital and eFund Angel funds. His career has always focused on the challenge of new technology adoption. His current ‘CEO Growth Coach’ practice helps tech entrepreneurs ‘scale-up’ their companies with faster market growth, improved productivity and reduced cost. As an Executive-in-Residence for Innovate BC, he teaches and coaches entrepreneurs in BC Venture Acceleration Network. Prior to taking on a coaching role, Kirk took on CEO assignments to transform a number of public and private technology companies from a loss position to profitability. During his career, the scope of his assignments ranged from the repositioning and turnaround of a global provider of smart card equipment and software solutions, NBS Technologies Inc, to major telecom start-up operations with leading wireless technology for BCE and others, to turnarounds of manufacturing operations within GE Canada.
Kirk is a graduate of Electrical Engineering from McGill and received his MBA from the Rotman School of Business at University of Toronto. He is a member of the Institute of Corporate Directors and trained in Board Effectiveness for Small and Medium sized businesses.
Overview: Effective due diligence (DD) is one of the most important parts of angel investing. This module introduces both investors and entrepreneurs to the key investigations that will uncover major risk factors and potential deal-breakers. The module emphasizes how to identify the most critical information, the risks of not knowing it, and the methods and costs of getting it.
Participants will learn what it takes to mitigate the risk of investment by validating a market opportunity, a management team, and a plan. They will be introduced to a disciplined investigation approach that systematically examines sources of risk, which establishes the basis for a productive and trusting relationship between entrepreneur and investor.
By the end of this module participants will be able to:
- Identify the major sources of risk in an investment deal
- Explain the tradeoffs inherent in the time and costs of due diligence
- Identify the essential risks in a particular deal and avoid wasting time on minor matters
- Apply a range of checklists, templates, and frameworks to ensure appropriate depth and breadth in their investigations
- Proactively manage the process of due diligence investigation