According to data from Teten Advisors, the median investor in private companies reviews over 80 opportunities in order to make a single investment. As someone who has been working in private equity and investing for over three decades, I can confirm that this number sounds about in line with my experience.
While the due diligence process is rigorous and involves exploratory and confirmatory checks into practically every aspect of the business, before that process can even begin, an investor must be hooked by a compelling business plan. More than a mere task, here’s how crafting a business plan is an opportunity to articulate your business’s true potential.
