Our Process – 50K Ventures

Our Process

We want to make sure that our process is as transparent, fast and founder-friendly as possible.

1Within 1 week of receiving the application, we send out an indication of initial interest. We will have a call with the founders to understand more about them and their business.

2Within a week of the first call, we will send out another indication of interest. We will have another call with the founders in which the founders can ask us anything they want.

3Within another week of the second call, we will indicate our investment interest and propose terms. Once the terms are agreed upon, we will ask the founders to complete our Due Diligence process.

Due Diligence Checklist

Corporate

Incorporation Certificate, AoA, MoA, PAN, GST.
Cap Table (fully diluted proforma), Details of Directors

Team

Profiles of all key team members and corresponding agreements

Sales & Marketing

Current Sales Pipeline
List of all customers and corresponding revenue generated

Product

Product Development Roadmap

Finances & Other

Annual Financial statements for previous two years
Monthly P&L and Balance sheet for the current year
Most recent Tax Returns
Accounts Receivable
Details of Debts/Advances/Loans/Investments
Outstanding Legal matters

References

2 Paying Customers
2 Partners, if any
2 Board Members/Investors/Advisors
2 Personal References for each founder
PoC at Accounting Firm

We usually complete our Due Diligence process within 2 weeks. It may also take a little longer based on how quickly the information is shared and how quickly the reference calls are done with. Once completed, we will complete the signing of agreements and transfer the investment amount to the company’s bank account.