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Terms of Engagement

    Before starting an assessment we recommend agreeing on the high level objectives and the length and size of the engagement.

    For seed round investments we will take a call as a service to a VCs we already have a relationship with for free. Due diligence can be potentially done remotely but could become more expensive due to inefficiencies. For a large seed or anything bigger than that, we highly recommend an on-site visit. Our typical due diligence process consists of the following.

  • Introduction to the process & request of various data insights
  • Preliminary research into the company’s business and people.
  • Interviews with senior staff members, on-site or remotely (by exception).
  • A thorough overview of the technology implementation and assets made available by the company.
  • A final report detailing technology and people.
  • A (remote) debrief with all stakeholders to align on the key findings.
  • Introduction to the process

    • A letter of engagement
    • NDA if needed
    • Other required paperwork
    • Kick off and brief the due diligence process
    • Schedule an invitation call
    • Share data collection surveys
    • Schedule the (on-site) interviews
    • The audit process for an average Technical Audit @ Audit à la Carte
      The audit process for an average Technical Audit @ Audit à la Carte

      Preliminary research & preparation

      • Review website / Investor deck / Pitch video
      • Review collected insights
      • Prepare what i would like to hear more about and discuss?
      • Team review
      • Security & Privacy reviews
      • Prepare audit interviews
      • Share an agenda prior to the interviews
      • Interviews

        • Understanding the problem the company is trying to solve
        • The solution they’re trying to implement or have created
        • Get the actual value of the business
        • History of the company’s software and systems & future plans
        • Workflows and processes
        • Infrastructure and architecture of your systems, including network, data, etc
        • Technology roadmap, plans and major initiatives.
        • Technology team, experience & leadership
        • The audit process for an average Technical Audit @ Audit à la Carte
          The audit process for an average Technical Audit @ Audit à la Carte

          Writing up the report

            The final report is a lengthy document that includes a summary of the technology developed by the company and its underlying infrastructure, technology advantages and risks, external integrations, an evaluation of whether the technology is solid and its future roadmap, the team’s technical credibility and capability across all product and technical areas, product quality and development process and the degree at which future plans seem viable.

          • The team
          • The product development process
          • User Experience and derived aspects
          • Technology & infrastructure
          • Maturity of company process compared to their stage
          • The debrief with different stakeholders

              Probably the most important phase of the technical review. The auditor solicits a response from management that indicates whether it agrees or disagrees with problems in the report, a description of management's action plan to address the problems and a projected completion date. At the closing meeting or debrief, all parties involved discuss the report and management responses. If there are any remaining issues, they're resolved at this point.

            • The auditee reviewed the report
            • The auditee prepares a brief plan to resolve the possible issues
            • We'll discuss with the different stakeholders and ensure alignment
            • The output of the debrief can be used as input for a 100 day plan
            • Need (remote) advice to make it actionable? Just call us!
            • The audit process for an average Technical Audit @ Audit à la Carte