This website uses technical, customisation and analytical cookies, both first-party and third-party, to anonymously facilitate browsing and analyse statistics on use of the website. Learn more
Chicfy
-
Reference: E-212-E
-
Number of pages: 11
-
Geographic Setting: España
-
Publication Date: Nov 20, 2020
-
Source: IESE (España)
-
Type of Document: Case
Description
In January 2018, Cristina Nevado, an experienced business development professional, made a decision to join Chicfy. Cristina's job description was Chief Operating Officer, and the reported mandate was to lead international expansion and growth, but, somewhat to her surprise, her first assignment was to lead the process of a new financing round. Before launching this project, she reviewed the recently audited financial statements for 2017 to prepare management presentation for potential investors.
This case describes the "due diligence" process carried out by a top executive both before joining a startup, and in the first few weeks in the job. This is a process increasingly relevant for MBA students as they receive employment offers from startups.
Learning Objective
Both if you plan to join a startup, or if want to invest in one, you will have to perform your own due diligence in order to make a responsible decision.