It's risky to buy an internet company. Never listen to anyone who suggests otherwise.
Due diligence is often the hardest phase to get through. Most acquirers will have a general awareness of their target company's financial situation, but they lack the knowledge to go into the details. Same can be said about the legal, operational, technical and business aspects. Keep in mind that about two thirds of new businesses in the IT sector shut down. And, "the devil is in the details," as the saying goes.
No two businesses are the same. And with so many areas to dive into, it is easy to go wrong on your own. Marketing and sales, source code and contractuals are all important if you’re buying a SaaS business with an established clientele, stack and staff. And since time kills deals, it’s critical to move fast.
That’s why we are pleased to announce our partnership with DueDilio to aid acquirers on BitsForDigits in avoiding restless nights during DD!
DueDulio is a premier online marketplace that links intermediaries, individual investors, and company buyers, sellers, and purchasers with pre-screened service providers for due diligence and value creation.
Time and money savings
Access our extensive network of thoroughly screened M&A due diligence resources including independent professionals, boutique, and mid-size firms.
Compare a variety of proposals
Save yourself the time and hassle of finding and negotiating with the ideal source of due diligence. DueDilio gathers and delivers you a variety of proposals tailored to your requirements and financial constraints.
A people-based company
DueDilio doesn’t offer a do-it-yourself service that leaves you with more questions than when you arrived. Every step of the journey, DueDilio is there to support you whether this is your first transaction or you are an experienced acquirer.
Short story? All businesses you will find on BitsForDigits are covered by at least some if not all of the due diligence services offered by their network of domain experts. This includes but is not limited to the following types of startups:
Whether you’re looking for help with assessing PnL statements, legal contracts, marketing metrics or sales numbers, hiring a professional at an affordable price is as easy as a, b, c. They will help you evaluate the financial, legal, commercial and technical health of your target company! Simply go through these three steps 1, 2, 3:
Follow this link to hire due diligence professionals: https://www.duedilio.com/bitsfordigits/
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