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Ask an Angel! Startup funding overview, investor red flags, negotiating early-stage terms | E1694
This Week in Startups
What Is an Audit for Venture Capitalists?
Zach: I probably spend third, no more, probably 40 to 50% of my time looking at new stuff. And then I'm probably spending 30 to 40 per cent of my time helping existing companies. Every year we go through a process where we hire effectively an accounting firm to go through and they look at all the different companies. Zach: It's important for founders to keep their investors up to date and the audit is like the ultimate backstop of that.
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