Please share a brief summary of the business.
What is happening with the business, trends, revenues, customers?
Tell me about the team, how long together, key players, experience?
Do you have a formal board of directors/advisors? Anyone key?
Is the business making/losing money, break even?
Do you have a Controller/CFO ? Full-Time or Part Time? Are statements audited or reviewed?
How much has been invested to date ?Have you raised outside capital? If so, from who?
How much capital is needed? Use of proceeds?
When does this need to close, anything hanging in the balance of this happening?
What is the impact to the business of this capital?
What happens if you don’t raise capital? How does that impact the business?
How do you envision this capital working? Is this debt or equity?
What are your expectations on pricing and terms?
Is there any debt in the business? Receivables financing? Convertible notes?
Any lawsuits or judgements outstanding against company or principals, any shareholders or employment issues, any recent loss of key customers, any fines, any negative press?