Due Diligence

Is it suspicious for a startup to decline offering bank statements because of an agreement with a third party?


April 5th, 2017

The third party’s a F500 company that’s sponsoring the startup, which is a big reason I’m interested in investing. The startup cannot share bank statements because allegedly, that’d reveal details that’d violate NDAs with the F500’s clients. The F500 more or less confirms this. The startup passes every other test I have and the historical financials wouldn't have helped their case, but still, should I be concerned?

More than 65% of new companies fail because they lack funding. In this course, you’ll learn common fundraising mistakes, how to nail an elevator pitch, how to craft a killer pitch deck, where to source investments from, and all about term sheets and convertible notes.