Replaces shared Google Docs checklists
Your DD checklist is a Google Doc that someone duplicates for each deal. Half the items get checked off without notes. The reference calls live in someone's email. The financial model is on a shared drive somewhere. When IC asks "is DD complete?" nobody can answer with confidence.
Start your free trialDue diligence for a seed deal should take two to three weeks. For a Series A with a $2M check, you need four to six weeks of serious work: financial audit, legal review, customer references, technical assessment, competitive analysis. That's dozens of tasks spread across your team, your lawyers, and the founder.
When your DD process lives in Google Docs and email threads, things fall through the cracks. The associate forgot to follow up on a reference call. Legal never received the IP assignment docs. The founder sent updated financials but nobody compared them to the originals. These aren't theoretical risks — they're how funds end up with surprises post-close.
Archstone gives your DD process structure without rigidity. Templated checklists ensure you never miss a step. Task assignment with deadlines keeps everyone accountable. Document collection tracking shows you exactly what's been received and what's outstanding. Red flag tracking surfaces issues that need IC attention before you sign the term sheet.
Start with Archstone's VC-standard templates or build your own. Seed templates cover founder background, market sizing, unit economics, and cap table review. Series A templates add financial audit, legal review, IP assessment, and competitive deep-dives.
Assign each DD task to a team member with a deadline. Your associate handles financial analysis, your counsel reviews legal docs, your venture partner does technical DD. Everyone sees their tasks and the overall timeline stays on track.
Request specific documents from founders and track what's been received. Cap table? Received. Three years of financials? Received. IP assignment agreements? Outstanding — with an automated reminder sent three days ago. No more chasing via email.
Track reference calls with structured notes: who was called, their relationship to the founder, key takeaways, and a sentiment score. See all references in one view instead of digging through email threads and scattered Notion pages.
Flag issues as they surface during DD: founder reference came back lukewarm, revenue numbers don't match the pitch deck, key employee has a non-compete. Red flags are visible on the deal card so IC sees them before making a decision.
Set target DD completion dates and track progress against the timeline. If you're competing for a deal and the founder wants a term sheet in two weeks, you need to know whether your DD can get done in time — or if you need to accelerate specific workstreams.
Apply the seed template: founder background check, market sizing validation, basic financial review, two customer references, and cap table confirmation. Ten tasks, two weeks. Enough rigor for the check size without over-engineering the process.
The full template: financial audit, legal review, IP assessment, six to eight customer references, competitive analysis, technical architecture review, and key hire interviews. Thirty tasks across four team members with a four-week timeline.
When a portfolio company raises their next round and you have pro rata, use a streamlined template: updated financials, new investor terms, dilution analysis, and board dynamics review. Faster than initial DD but still structured enough to make a smart decision.
Yes. Most funds need a lighter-touch seed template (founder background, market sizing, basic financials, customer references) and a more comprehensive Series A template (full financial audit, legal review, IP assessment, competitive analysis). Create as many templates as you need and apply the right one per deal.
Each DD checklist item can require one or more documents. Archstone tracks which documents have been received, which are outstanding, and sends automated reminders to founders for missing items. You see a completion percentage per deal so you know exactly where DD stands at a glance.
Absolutely. Assign legal review to your counsel, financial analysis to your associate, and technical DD to your venture partner. Each person sees their assigned tasks across all active DD processes. Managers see the full picture with completion status per assignee.
Directly. When you move a deal to the DD stage on the kanban board, Archstone can automatically apply your DD template and create the checklist. When DD is complete, the deal advances with all documents and notes attached. Nothing gets lost in the handoff between pipeline stages.
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