Seed Due Diligence Checklist

Seed-stage due diligence goes deeper than pre-seed. You're evaluating traction, product-market fit signals, and the team's ability to execute. Use this checklist before writing a seed check.

Product checklist: Working MVP (live product with users), User engagement (retention curves, usage frequency), Product roadmap (clear vision for next 12 months), Technical moat (proprietary tech, data, or network effects).

Traction checklist: Revenue (if applicable, $10K-$100K MRR for seed), User growth (month-over-month growth rate), Customer acquisition (CAC and LTV, even if early), Engineering velocity (GitDealFlow signal, strong momentum).

Team checklist: Full-time founders (all committed), Key hires (technical and commercial leads identified), Advisors (relevant domain experts), Cap table (clean, reasonable founder ownership).

How to Use This Checklist

A checklist earns its place when every line maps to evidence you can obtain. The items above follow the same public-data discipline behind GitDealFlow: 350+ startup GitHub organizations tracked across 15 sectors, refreshed weekly, with breakouts identified 21 to 47 days before the round. Where a line asks about engineering execution, the evidence is usually public: commit velocity, contributor concentration, and repository expansion, all confirmable from the repository itself rather than from a pitch deck.

Related Checklists

A practical read-through of Seed Due Diligence Checklist: the dataset behind this page refreshes weekly across 350+ organizations and 15 sectors, and every figure shown traces to a public GitHub REST API pull. That matters for two reasons. Reproducibility: any number here can be re-derived from primary sources, which is the standard the published methodology sets for itself. Timeliness: engineering acceleration precedes announcements, so this page follows the data cadence rather than the news cycle, and the freshness endpoint always reports the exact pull date.

If Seed Due Diligence Checklist is your entry point, the fastest next steps are fixed: skim the glossary for the three or four terms that anchor the topic, open the research dataset to see the raw weekly snapshots behind the summary numbers, and run one live query against the free momentum checker with a company you already know well. Seeing the signal fire on a familiar name is the quickest way to judge whether code-side sourcing belongs in your own workflow.

One caveat worth stating plainly on Seed Due Diligence Checklist: momentum is a leading indicator, not a verdict. A repository can accelerate for reasons that never become a fundraise, and a quiet quarter does not mean a team is failing. The disciplined use of this page is as one input in a stack, a way to rank where scarce diligence time goes, and a way to notice change early. The methodology page documents every limitation, including the bot filter, the two-period confirmation rule, and the sectors where coverage is thinnest.

FAQ

What revenue should a seed startup have?

Varies by sector. SaaS: $10K-$50K MRR. Consumer: less revenue focus, more user growth. Developer tools: often pre-revenue at seed. Engineering velocity (GitDealFlow) matters more than revenue for technical products.

How much dilution is reasonable at seed?

Founders should retain 70-80% post-seed. More than 25% dilution at seed is a red flag, it suggests either over-raising or weak negotiating.

Should I require customer references?

Yes, for revenue-generating startups. Talk to 3-5 customers. Ask: 'Would you pay more?' and 'What would make you churn?'

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