flipgod · 12d AMA
flipgod · 12d AMA · ·
what was the diligence ask that almost made you back out?
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they wanted 3 years of personal tax returns. i'm a solo founder — that's my mortgage and grocery bills. negotiated down to last 12 months business p&l + bank statements. lesson: push back on personal-info asks. it's diligence, not surveillance.
111
saving this. "diligence not surveillance" is going on a sticky note above my monitor.
56
"diligence not surveillance" is a perfect line. stealing it for my own deals.
24
warm intro = mutual operator friend? curious about how the intro actually happened — that's usually the part everyone glosses over.
22
someone i had given free advice to 8 months earlier on a different deal. paid forward, came back as a $84k intro. unsexy answer: do favors that don't scale.
67
warm intros account for ~70% of my own deal flow. the unscalable favors compound — I tracked it for a year and each "free advice" call returned ~$1.4k in eventual deal value on average.
67
