Elevate Due Diligence Checklist 2024.xlsx

	A	B	C	D
1		Due Diligence Checklist
2	Folder	Document/Clarification	Applicable? (Y/N)	Company Comments/Notes
3	A	Team
4	A1	Resumes for all key management personnel
5	A2	Board composition and resumes of all Board members
6	A3	Head count plan (can be included in financial pro-forma)
7	A4	Signed conflict of interest disclosure form
8	A5	Summary of all executive compensation, perks, and incentive plans
9	B	Market
10	B1	List of competitors and analysis of competitive positioning
11	C	Company Overview/Corporate Information
12	C1	Detailed cap table showing all shareholders and each holding broken down by class, series, options, warrants, etc.
13	C2	Pro forma cap table for the current round
14	C3	Details of any significant claims or litigation made by or against the Company, where significant means claims exceeding or potentially exceeding $25,000
15	C4	Corporate organizational chart showing current legal structure
16	C5	List of any subsidiaries or JV's with dates, state of incorporation, % ownership
17	C6	Copies of all management, board, or investor presentations from the preceding 24 months
18	C7	Details of all insurances maintained by the company in respect of its business, assets, or key personnel
19	C8	Copies of certificates of good standing, incorporation or comparable documents and all amendments, and operating agreements or bylaws
20	C9	Business registration in the State of Indiana
21	D	Product
22	D1	Up-to-date product roadmap
23	D2	General pricing policies: volume, pricing models, differences for channels, specific agreements, and any potential discounts by product or major customer
24	D3	Details of all intellectual property used by the Company, whether owned by the Company or belonging or given to third parties (including details of royalty receipts and payments and material licensing agreements)
25	D4	Plans for commercialization
26	D5	Plans for regulatory approval/regulatory pathway strategy
27	D6	Pre-recorded product demos
28	D7	Please explain your software/technology development framework. What software development methodologies do you use? How is versioning done and approved?
29	E	Go-to-Market
30	E1	Go-to-market strategy details
31	E2	List of current customers
32	E3	Sales pipeline details
33	F	Financials
34	F1	Annual financials including balance sheet, income statement, and cash flows
35	F2	Projected financials for the next two years
36	F3	Grant details, if applicable
37	F4	SaaS Summary Metrics
38	F5	Accounts receivable (AR) detail and AR aging. Accounts payable (AP) detail and AP aging
39	F6	AR schedule of write offs and doubtful accounts to date
40	F7	Tax returns, audits, and reviews for the last two years
41	F8	Template contract (order form/MSA)
42	F9	Customer contracts for the top 25% of revenue
43	F10	Details of all existing loans (including shareholder or director loans), borrowings, or other facilities (whether or not currently drawn down) to date made to the Company for the benefit of a business by third parties. Please provide copies of all relevant documents.
44	G	Fundraising
45	G1	List of all investors currently in due diligence
46	G2	Capital strategy for the current round
47	G3	Copies of all existing SAFE and convertible notes
48	G4	Stock purchase agreements from all shareholders
49	G5	Term sheet for the current round
50	G6	Milestones and runway for the current round
51	G7	Potential exit strategies and comps
52	G8	Total cash raised to date
53	H	References
54	H1	1-3 customer references
55	H2	2-3 professional references for each key management personnel
56	H3	Contact information for founders and key management personnel
57	H4	1 industry reference
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