In the second episode of our series on due diligence, we learn from Blockchain Founders Fund about how they evaluate blockchain startups and what they specifically look for in the due diligence process.
Recording from Money 20/20 China in Hangzhou, our host Oscar Ramos had an in-depth discussion with Aly Madhavji and Mansoor Madhavji, partners of the Blockchain Founders Fund, who shared their insights about their due diligence process, strategy and preferences when evaluating blockchain projects, and the examples how they work with early-stage projects, which is also illuminating for other startups. Here are some keywords they mentioned: Trust, product, traction, finance, etc.
01:32 Introducing Aly and Mansoor
03:00 Portfolio and their Investment Strategy & Philosophy
06:10 How do they work globally?
07:21 Stages of Investment
07:35 First Step in Due Diligence for Blockchain
10:37 Transparency and Trust Matters
11:54 Checking Background and Company’s Strategies
13:30 How do companies react to your due diligence and how does that matter
14:38 Bringing in External Parties to the Due Diligence Process
15:23 Other Important Areas for Due Diligence
16:48 Product Evaluation in Blockchain Companies
19:06 Role of Stress Test
20:10 Measuring Traction and Evaluating Analytics
22:08 Financial Due Diligence
25:52 Their Perspectives on Startups Outsourcing Key Team Roles (e.g. CFO)
27:41 Do they look into Cliffs? 28:55 Additional Tips from Aly and Mansoor
30:29 Due Diligence in East Asia
32:37 Contact Information and Signing Out
Many thanks to our host Oscar Ramos and guest Aly Madhavji and Mansoor Madhavji , editor David and Geep, producer Eva Shi, organizer Chinaccelerator and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com.
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