Success factor
TEAM PERFORMANCE
Analyze and significantly increase the chances of success as a team with EDD.
EDD is a software for TeamDueDiligence®, which SUCCESS-RELEVANT CHARACTERISTICS in the interaction as a team and measures results in the BENCHMARK CONTEXT context. EDD thus enables a well-founded POTENTIAL- and RISK ASSESSMENT and shows how the PERFORMANCE AS A TEAM can be increased.
Success factor
TEAM DUE DILIGENCE
Analyze and significantly increase the chances of success as a team with EDD.
EDD is a software for TeamDueDiligence®, that measures SUCCESS-RELEVANT CHARACTERISTICS in the interaction as a team and makes the results visible in the BENCHMARK CONTEXT. EDD thus enables a well-founded POTENTIAL- and RISK ASSESSMENT and a data-based PREDICTION of the TEAM PERFORMANCE.
Every company is an organization shaped by people. Their strength determines success and failure.
EDD allows us to evaluate the key success factor in early-stage startups more precisely, namely the team and its composition. The detailed results of EDD enable a differentiated analysis of the human factor, and they also provide the founding teams with valuable insights into their strengths and potential.
For us as an aid organization, it is incredibly important to have a well-functioning team. EDD provides us with an exciting tool for this purpose. With a very well thought-out and high-quality questionnaire, exactly the right points for the further development of the team are addressed. Through the targeted questions, which each team member answers for himself, we have received a realistic overview of our own strengths and weaknesses. The differences between external and self-perceptions as well as the comparison to the population average were also very interesting. All very valuable information from which we can draw important conclusions.
EDD was for us the missing piece of the puzzle to a 360° due diligence. EDD helped us to professionalize our decision-making process and to enrich gut decisions about the team with structured data. Our startups have also benefited from the analysis and are dealing with the right team setup at an early stage.
Both founders and potential investors are faced with the question of what skills a successful team must have. This question is not so easy to answer. With EDD, however, we were able to optimize ourselves even further on the basis of the results and expand our potential as teams.
We found EDD to be a very exciting tool. Not only the questions, but especially the corresponding evaluation makes you think or shows things that you might have guessed before, but have not yet read in black and white. In this respect, the EDD is a very valuable tool for every founding team!
We have been using EDD Team Due Diligence for some time and really appreciate the comprehensive assessment of teams. After initially conducting an assessment of our own team to better familiarize ourselves with the methodology and evaluation, we now always use it to assess potential venture capital investments in addition to financial/operational/legal due diligence. As the quality of the respective teams is the key success factor, we are happy to have a great tool at our disposal with EDD.
We invest in pre-seed/seed phases and therefore to a large extent in founder:inside teams. EDD is a great support in assessing the teams and thus a great decision support.
EDD provides detailed analyses
THE RESULTS
TEAM EVALUATION
How strong is the team as a whole? Which characteristics are particularly pronounced, where are there shortcomings and potential for conflict? Is the team HOMOGEN or HETEROGEN?
INDIVIDUAL EVALUATION
Makes the characteristics of each team member visible in detail; expression, risk & value factors.
BENCHMARK
Reference values are used that show both the average characteristics of the population and the characteristics of successful entrepreneurs.
Excerpt from the report
Excerpt from the report
The team is the number one success factor - and one of the main causes when startups fail - so reason enough to put a data-based focus on it
Products & Prices
Conducting an EDD - Team Due Diligence will not only create awareness, but also build momentum. Therefore, it is important to monitor it over a longer period of time.
A start analysis, a follow-up analysis (after approx. 3 months) and a final analysis (after approx. 6 more months) should therefore be carried out. This allows you to track exactly how you are developing as a team and what is increasing or decreasing. It is also possible to involve another team member in the process and check the effects on the joint potential for success.
Products & Price
The decisive factor in EDD - Team Due Diligence is not just the snapshot, but that you observe yourselves as a team over a longer period of time. That is why every team due diligence process includes a start analysis, a follow-up analysis (after approx. 3 months) and a final analysis (after approx. 6 further months). Thus you can observe exactly what is increasing or decreasing over a longer period of time. It is also possible to involve another team member in the process.