Due diligence is too timely and expensive

posted by entrepreneurtim , 383 days ago , show insights

Due diligence is the process of conducting an investigation, review, or audit to verify facts and info about a particular subject.

Often due diligence is done in the business world to verify a business's value or economics. Usually investors, businesses, and governments will do due diligence to get a full picture on a company or person.

However many startups, private investors, or under-resourced organizations cannot afford or don't have the time to manage a thorough due diligence investigation.

Many internet companies sold through online marketplaces end up being scams or have fraudulent revenue or profit numbers.

Ex: JP Morgan Chase getting scammed for$100+ million dollars, simply because of bad, biased, or non-existent due diligence.

Major fraud cases like Theranos, Nikola, and FTX are simply a result of bad or non-existent due diligence.

We need a quick, thorough, and affordable way to conduct due diligence for private investors, startups, buyers, and more.
Register Login to comment or vote on this problem
Need karma! Please check submission guidelines.
Why pay twice?