Changing jobs is a major choice for everyone. Changing jobs every time means dedicating a few years of your youth to the target company. Personal development is closely tied to the development of the company. Together, we are both prosperous. Everything is lost, so how to find a good company is particularly important.
In the field of Internet venture capital, investors have summarized a set of scientific and standard due diligence processes and methodologies to guide the selection of pre-investment companies. Due to too many factors in the market, although the performance of the invested companies is different, it is a stone in the mountains. Job seekers can still learn from investors’ due diligence process and methodology. Before interviews and entry, they should conduct in-depth due diligence on the target company they want to know about. After collecting information, they can make a comprehensive analysis to decide whether to join. Avoid stepping on a lot of pits.
The content and scope of due diligence are relatively wide, and it is impossible to know 100% of the target company due to limited time and resources. When job seekers are looking for jobs, they can also refer to the way investors find target companies. For example, Lei Jun Investments only invests in people they are familiar with, and job seekers only look for companies they are familiar with, and do not go to companies they don’t know enough about. Chances are less.
In general, due diligence investors need to inspect the target company from the perspective of business, law and finance, and there will be cooperative FA and law firms stationed in the company to conduct on-the-spot investigation. Considering the Latest Mailing Database limited time and resources of job seekers, it is impossible to do so in actual work. Work hard to learn so much, especially from the financial point of view, unless you have contact with the top management and financial personnel of the target company, it is generally not available. Therefore, from the perspective of business and law, the following draws on the framework of a due diligence form, and We discuss the resources available in the limited time and obtain as much information as possible about the target company.
2. Business due diligence
1. Company Profile
Founder and Team
The core resumes of the core team members must be deep enough, or stronger than other similar companies. Generally, they must have a successful experience in continuous entrepreneurship, a background in a large company such as BAT, and a continuous experience in a certain industry.
The background capabilities of the founders and teams determine the overall company's ability to raise funds, strategically and get things done.
Company ownership structure
For start-up companies, it is best for the founder to have a large share. The CEO of angels and A-round companies is best to be the core single major shareholder (more than 50%), and the founder and team can use the VIE structure to occupy a large share. Voting rights.
Because the success or failure of a startup company is, to put it bluntly, to verify the founder's idea, so the weight of the founder's voice must be maintained. At the same time, you can also find out whether there is an employee shareholding platform and the employee shareholding ratio. If the management can share the benefits, the team will generally have stronger cohesion. The employee shareholding platform is directly related to the treatment of job seekers after they join the job.
In the Internet circle, if there is no enterprise with an employee shareholding platform, job seekers generally don’t need to consider it, because the startup company has nothing, and if they can’t even share the benefits, the employees have no motivation to “play the local tyrants and divide the land”.
History and Financing
Take history as a mirror to know the ups and downs, and people as a mirror to know the pros and cons, understand the business development model since the establishment of the company, the breakthrough points encountered in the middle, what big pits have stepped on, and how to survive in the end, so that you can understand the team from the side. Solving ability. Understand the team's historical financing situation and the background of shareholders, which shareholders can provide what resources, these are the soft power of the company, generally speaking, large investment institutions bring more resources, BAT and other investment institutions, there are still opportunities for enterprises Bringing traffic is an important plus.
2. Market overview
The size of the market and target users determine whether the target company has room for imagination. The greater the room for imagination in a market, the more financing the company can obtain, the more diverse the business model, and the more room for trial and error. Enough is enough, and the business will go further.
Industry Development Trend
The industry development trend mainly analyzes the current policies of the industry, hot spots and user demand outbreak trends. Given the existing market size, the industry trend is the "wind outlet" of the market. The target companies that step on the outlet are very likely to be transformed and become the outlet. Pig, if the job seeker finds the right company, it is very likely that the sparrow will turn into a phoenix.
Competitiveness analysis is to understand the core strengths and weaknesses of the target company. The cake is on the table, and the core strength determines whether the target company can cut this cake, such as resources, funds, low cost, execution, talent, industry Understanding, etc., can be regarded as the competitiveness of the target company. We need to analyze whether the disadvantage is fatal. For example, if the company transforms into a technology direction, but the team's technology is weak and it cannot attract big cattle to join, it is tantamount to sitting and waiting to die.