Unnat Bak | Chief Strategy Officer @ TABS Suite (Diligence-as-a-Service)
Why is Technical Due Diligence/Code Audit important when investing in a startup?
The founding members, advisors, board members, and even employees of the TABS team and the parent Frontline Strategy have a large cohort of seasoned venture investors that have conducted diligence on thousands of companies.
As potential investors, when we meet early-stage companies, often they tell us a similar story: they’ve already spent a lot of money developing a minimum viable product and now need cash for scalable sales…
Whether you’re an angel investor, VC, or incubator program, we’re sure you’ve heard about TABS by now. And if you haven’t — welcome! Below are some of the most common questions we are asked daily on our demos with Investors and Companies all over. Don’t see what you’re looking for? Book some time on our calendar to chat with our leadership team!
“Does this service rival sites like Pitchbook, AngelList, and Net Capital? What is the main difference between TABS and those three? …
It is considered “best-practice” for investors to incorporate a due diligence process to evaluate a potential investment opportunity with an extensive list focusing on the internal structure of the firm, its persisting risk factors, and strategies to overcome them.
Before entering into a contract, investors and founders must both acknowledge that the verification process of an opportunity involves much more than just financial information presented by a company’s management team.
The due diligence process focuses on capturing an in-depth analysis of a potential investment to ensure that it resonates strategically…
Mountain View, CA — TABS Suite has been chosen by major SBA lender Colorado Lending Source to help augment the underwriting process for dispersing a fresh $25 million in state funding to small businesses seeking financing. The deal, poised as a pilot for a much larger collaboration, was spearheaded by Colorado Lending Source’s new Chief Executive Officer Christopher Myers, who joined the organization in November 2020.
We’re thrilled to work closely with TABS Suite to bring a modern, tech-driven approach to the financial due diligence process that is at the very heart of lending,” Myers explains. “As one of the…
TABS Team — www.tabsscore.com
Any entrepreneur who has ever raised capital knows just how frustrating, intrusive, and nerve-wracking the due diligence process can be. However, what most entrepreneurs don’t always know is that the process can be just as difficult for their potential investors.
It’s tempting to look at complex issues from a single perspective and force them into a simple and often self-serving narrative. The truth, however, is not as clear cut. Today’s investment due diligence process is broken for everyone involved.
Fortunately, all of this is about to change — meet TABS Score, the startup selling Diligence-as-a-Service.
Jim Collins differentiates what makes good companies vs. what makes great companies.
I first read this book when looking to write an article on User Interviews. Fitzpatrick provides a great framework on how to talk to customers and learn if your business is a good idea when everyone is lying to you.
An excellent book on leadership, and motivating people to action through the “why”.
A look back on Ben Horowitz’s journey from CEO to VC at Andreessen Horowitz, including how a CEO’s ability to handle difficult decisions / conversations ultimately shapes the outcome of a company.
A great read…
By TABS Team Staff Writers | www.tabsscore.com
After Founders take their TABS Score Assessments, most of them take advantage of the tailored Investor recommendations they find at the end of their report and begin to lock in the terms of their fundraising process. One of the most common requests from Startup Founders to our team, once they’ve connected with interested Investors, is whether we have an up-to-date version of a SAFE note, a document created by Y-Combinator, that we can provide to them.
Information is the basis for better judgment, especially in your chance for success relative to future performance. For investors, most if not all of what they assess in their decision making comes from the information they develop through sources that include company records, interviews, forecasts, etc.; every factor that potential investors assemble for selection purposes. However, it’s a beauty contest that goes little more than skin deep, mainly because most encounters are brief. So who amongst the warriors merits a thumbs up?
On second thought, let me suggest what you should stay away from- Start-ups…
Okay, so quarantine might be “over,” but this new disposable time that was used for our morning commutes to work, dropping kids to and from school, and more is here to stay. So, what do we do with this time until things normalize? You can finally say “yes” to yourself and begin that startup. Although times are still tough, there are countless markets that you can capitalize upon and smaller business ventures have the power to make a difference.
You can help redefine the new norm in the business world…