Pandas were taken off the endangered species list earlier this year, but unicorns seem to have been added to it lately. VC-backed billion-dollar companies have exited more than new ones have been funded this year. This suggests investors are a lot more cautious about investing in startups than they used to be, preferring to get their older investments sold or sent public.
That means new startups courting investors may face even more scrutiny and skepticism than they would have even a year ago. These seven venture capitalists explain what their due-dilligence tests consist of right now, and what it takes to pass them.
Image: Flickr user w a n t o i i
