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Field Manual › Vet an Investor

Vet an Investor

They diligence you for weeks; most founders sign on a handshake. Close the asymmetry: pull the investor's real check cadence and stage fit, read their term-sheet patterns, and call three founders they backed — including one whose company struggled. A warm brand name is not worth a bad board seat.

Investor diligence is the most avoidable blind spot in fundraising. The investor spends weeks on you; the median founder spends an afternoon on them. Yet you cannot un-sign a board seat, and the way a partner behaves in a down round — not their Twitter following — is what you are underwriting. The good news is the signal is public: SEC Form D filings show what capital an investor has actually deployed, Crunchbase maps their cadence and co-investors, and founder references reveal how they treat people when the plan slips. These guides show how to assemble that picture before the term sheet, so you choose an investor on evidence rather than reputation.

Vet an Investor — the playbooks

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