Angel Expertise: Technological Due Diligence – professionally designed
"No competitors" or "No competitor masters our technology." You'll read this in some pitch decks. Many founders consider their technology unique, but haven't done any in-depth research, for example, to see whether the business model couldn't be implemented just as effectively using other technologies.
The truth is often: Somewhere in the world, there's probably someone who can do it just as well. The technologies used are becoming increasingly difficult for investors to understand. Simply believing is risky. Therefore, thorough technology research is essential for both sides, and for investors as part of their technological due diligence.
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