[Ang Pek HowParticipant]

A startup company does not possess historical track record and there are no record on the financial performance of the business. The key focus in due diligence shall be on the experience and track record of the management team, the experience and the capability of the management team decides the future prospect of the company. It is also important to focus on market due diligence of a startup company to at least understand and analyse the total addressable market of the business.