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When you are considering investing in a startup there are several important questions that you should first ask the founder. These questions will give you a better understanding the market, the team, as well as the business.
- What's the problem your startup is solving
- Who is your target audience?
- Who are your rivals?
- How can you make money?
- What is your business model
- How did this idea come about?
- What is your company's vision and mission?
- What are your long term goals?
- Why do you think that your team is the best for executing this vision?
- Do you have previous experience in the field?
Conclusion:
These ten questions can help you get to know the startup and make a decision about whether it is right for you. Before making any investment decisions, do your due diligence.
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