Coupled with financial data analysis, is the need for technical due diligence of the underlying technologies that drive a technology startup. Financial data alone might not be conclusive enough to give investors enough to play with before they can invest. Key elements to consider would revolve around present and future technical roadmap as this is critical for the deployment of capital. Charting out a product or service roadmap is of utmost importance in this fast-paced digital environment which is primarily driven by artificial intelligence. In the same vein, there are a group of budding startups that claim to be developing AI technology yet they are not. At best, they are calling a third-party API that does some very low-level machine-learning manipulations. AI therefore exists as-a-service to those companies and they are not primary AI developers.
There are instances where a startup needs to pivot and the new venture needs to be backed by a sound technical strategy. A well-architected system can be pivoted to new ideas with great ease as opposed to one that is not.
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