Startup Investability Assessment

Please take your time to answer our confidential 68 question Startup questionaire. Many startups have found this a useful tool to understand how others may see them, and to identify areas of the business plan that may need further work.

Already Completed?
 
Team
Has the team been through starting a new business or business line before?

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Does the team have experience in the industry and technology required?

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Is the team strong in execution?

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Are there significant gaps needing to be filled in management?

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How well does the team work together?

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If M&A opportunites are there can they execute?

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Are the senior team all pulling in the same direction and same exit vision?

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Do the senior team have enough incentives (equity, options, etc..) to be properly motivated?

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How good is the advice the team is receiving?

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How well do they listen to their advisors and are they prepared to take advice?

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Model
What percentage of the capital is for a New business model?

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Has the business model been refined and tested?

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How significant is the problem this new model solves?

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How innovative is this business model

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What level of disruption will this new business model create, if successful?

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What percentage of the industry will benefit from this solution?

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How available are alternative ways this problem could be solved?

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How new is this problem?

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Industry
What is the industry growth rate?

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How safe is the industry from changes in legislation?

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How safe is this industry from changes in fashion or habits?

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How safe is the industry to changes in technology?

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Is competition reducing in this industry?

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Are the barriers to entry increasing?

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Is this an industry where small companies can win?

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Market
How big can this idea/company become?

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What is the growth rate of similar companies/customers?

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How strong is the competition?

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How strong are the opportunities in adjacent or complementary verticals?

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Is there a rollup opportunity?

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Are there any barriers to entry?

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Are there any patents?

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How significant a competitive advantage?

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Are they differentiating on more than just excellent execution?

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Monetization
In year 3, what percentage of revenues are recurrent ?

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For a new client, what percentage of year 1 revenue, recurs in year 2?

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What percentage of your revenue is earnt directly rather than as a reveue share from external sales activity?

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When do you collect the revenues?

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For each new client, what percentage of revenue is needed to be spent before the revenue is earnt?

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What kind of contact is had with the end customers?

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Traction
What is the current status of the business?

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What is the current revenue?

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What kind of clients, partnerships and business development relationships does the company have?

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How referenceable are those relationships?Can the relationships be referenced to prospects?

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How strong is the existing customer base?

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How fast is revenue growing?

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How fast are client numbers growing?

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Financial
How long before the business trades profitably?

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How comprehensive are the financial models

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How long will the current cash last?

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How long will the raised cash last?

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When is the expected liquidity on the investment?

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What compound return would be achieved for investors in the current modelling?

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How many serious exit candidates are there?

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Has previous funding been raised?

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How simple is the current share structure?

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How clean is the company balance sheet?

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Impact
What level of reporting is there on the businesses impact?

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How core are impact considerations to internal business practices?

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Which wealth group(s) will benefit?

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What role do women play in the business?

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What is the impact on energy and water?

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What is the impact on housing or Community Development?

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What is the impact on personal and public health ?

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What is the impact on Education?

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What is the impact on Agriculture production?

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What is the impact on the environment and sustainability?

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What is the impact on financial services delivery and access?

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Our analysis is based on comparisons to other Startups that have answered these questions, and analysis of weightings given by angel investors.