In this episode we chat with Brent Sanders and Roman Beylin on due diligence when it comes to technology. This discussion is everything a first-time (or tenth-time) seller needs to know when it comes to managing your exit strategy with technical diligence.

Some of the top things a first-time buyer should take away from this session:

• Why proper documentation right from the beginning is key
• What licenses really mean and how you may need to upgrade your software dependencies and packages 
• The rubric for what a buyer is looking for: code, testing infrastructure, source and product management, how team works, service set up
• The key licensing questions you need to be clear about with your company
• Why folks that work with brokers tend to leave it up to the buyer to be diligent rather than be proactive in being diligent
• The role attorneys and fractional CTO’s have in technical diligence and who else you need to talk to in your business to get started
• Why centralizing access control and single passwords are essential
• Understanding legacy code and why you need to be prepared to go places that haven’t been touched in a while
• The most common things that business owners get wrong with the transition 
• Why agencies often aren’t necessary and how to avoid a walking dead portfolio company
• At what point in the M&A it makes sense to bring on someone to help with technical due diligence
• The importance of diligent password management
• Why it’s important to keep your software updated constantly to minimize risk and mitigate future issues

If you’re looking for a smooth transition, this episode on technical diligence is not one you’ll want to miss. Tune in to get all the details to manage your exit smoothly.

Related episodes:

Who's Your Buyer? A Look Into the Most Common Types of Buyers in a Business Acquisition
Don't Spill the Bean. Why Confidentiality Matters when You're Planning an Exit

Links:

VerneHQ

DueDilio

FastCTO

Keywords:

Due diligence in technology, passwords, technology, tech, licensing