Sometimes it's said that due diligence takes too long. We've all heard of companies that begin the due diligence process and never close. Is it a fault of the process, or is there more to it?

Tech Coast Angels founder, Luis Villalobos, describes one critical part of DD as a transformation process; it's not just getting answers to a 9-page checklist, it's helping to focus an efficient strategy on the startup's most promising market. TCA deal lead Steve Block liked what he heard about eGuardian before they even presented! He had another company that was dealing with children online. Steve would put the two companies together and bring the critical focus to transform eGuardian.

Attorneys General from 49 states are pressuring social networking sites to protect kids. eGuardian partners Ron Zayas and Robert Patrick have a new approach to protecting children while they're online. Robert's the technical one, Ron is Mr. Marketing; now they're back to complete the funding cycle.

It's been a long process, has that initial group of interested angels grown cold? How will the company regenerate some buzz in the investor community?

It's Part 1 of a Series: Almost Funded.
Show #162 (36:46)

Today's new sponsor: Vencore Capital