What due diligence step is essential before pursuing venture capital for a stagnant but potentially viable entrepreneurial venture?

A crucial due diligence step before pursuing venture capital for a stagnant but potentially viable entrepreneurial venture is an independent, third-party valuation of the business, including a thorough audit of its financial statements and operational metrics. Venture capital firms invest in high-growth potential companies and require a clear understanding of the company's current value and its potential for future ....