This Week in Startups How VC diligence works at different stages + Fion's Sudarshan Sridharan on wildfire tech | E1522
Jul 31, 2022
Sudarshan Sridharan, CEO of Fion Technologies, is revolutionizing wildfire management with innovative mapping software designed to assist firefighters. He shares insights into the pressing need for modern communication tools in the face of escalating wildfire challenges. The conversation also delves into the varying stages of venture capital diligence, emphasizing the importance of thorough research and preparedness in investment strategies. Sudarshan's passion for tackling climate change through technology shines as he outlines Fion's mission to enhance the efficiency of wildfire response.
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Diligence Buckets
- Separate diligence into several buckets: basic checks, technology, and market.
- Basic checks can be done by anyone, while technology and market require expertise.
Vertical Expertise
- Gain a competitive advantage by becoming deeply knowledgeable in your investment vertical.
- Learn from each founder you meet; they will teach you about the space.
Prepared Mind
- Develop a prepared mind by understanding frameworks and seeking opportunities.
- Test and validate products yourself, like comparing Theranos' blood tests to others.