Your Pitch Went Well, You Have A Signed Term Sheet. But There’s One More Hold-Up Before You Get An Investor’s Check…

After you have successfully attracted angels or venture capital with your business case, your million-dollar product idea, and you have a signed term sheet, there is still one more hurdle to overcome before investors write the check.

This is the dreaded "due diligence" process.

Martin Zwilling, Startup Professionals

Full Story: http://www.businessinsider.com/understanding-the-dreaded-investor-due-diligence-2010-10