You have found the target now what
The initial stages of the transaction have been completed and, following a preliminary evaluation of the target, a price has been agreed in principle with the founders. However, whether or not the deal actually goes ahead and what the final price will be is subject to due diligence. You know that due diligence is usually undertaken for traditional bricks and mortar businesses but this is a start-up company and you are unsure what value a due diligence exercise will have. Equally, you have concerns that it could delay the process and may allow other investors in.
How long will it take
Traditionally, due diligence has been carried...