This week we are diving deeper into technology and products of technical due diligence that drive startups forward. Like the week before, where we discussed the overall process, this week we are outlining what you should look out for when assessing if a product is a worthy portfolio addition.
Unveiling the Objective
Our goal is to assess whether this technology’s current state not only aligns with business goals but also possesses the agility for growth and scalability. Because what’s the point of innovation if it can’t scale? 👀
Navigating Key Areas
- Technology Stack: Analysis of programming languages, frameworks, databases, and other technology choices for suitability, modernity, and support.
- Architecture: Examine the system’s architectural design for modularity, scalability, and resilience. This includes reviewing service-oriented architecture (SOA), microservices, and monolithic structures.
- Technical Infrastructure: Evaluation of the infrastructure setup, including servers, cloud services, and hosting environments. This also covers the use of containerization technologies like Docker and orchestration tools like Kubernetes.
- Alignment with Business Goals: Assessing whether the technology chosen supports the company’s long-term business objectives and product roadmap.
- Future Scalability: Evaluating the ability of the technology stack and architecture to handle increased loads, data volume, and transaction throughput.
Kickstarting Your Evaluation: A Starter Kit
Begin with these questions to unravel the potential of a startup’s technology and product strategy:
- What is unique about the startup’s technology stack, and how does it leverage this uniqueness in its market space?
- How does the architecture plan for future expansion or pivoting needs?
- In what ways does the technical infrastructure ensure reliability and efficiency?
- How does the technology align with the startup’s core mission and future objectives?
- What measures are in place to ensure the scalability of the product or service as demand grows?
Any questions? We are always curious to hear more about what may give you pause when determining if the startup’s product is investment-ready/worthy.
As part of our venture studio, committed to solving the world’s toughest problems with a vision for global scalability, we understand the pivotal role you play in shaping the future.
Until next time, may your investments be wise and your returns significant.
The Parallel Score Team
