How much revenue is recurring after churn and support costs?
Examine annual recurring revenue, churn, contracted support, utilisation, gross margin, hosting cost, customer concentration and development work needed to maintain the product.
Does the company own the code and comply with third-party licences?
Review repositories, contributor agreements, open-source obligations, licences, hosting, backups, incidents, privacy controls, technical debt and administrator access.
Can the product operate if a key developer or the founder leaves?
Key-developer dependency, weak documentation, insecure systems and customer contracts that can terminate on a control change may destroy expected recurring value.
How will infrastructure, releases and customer support pass without downtime?
Sequence repositories, cloud accounts, credentials, monitoring, support queues, release plans and key-person knowledge, with tested access before completion.