Legal – Does the startup/project meet the legal criteria for a regulated crowdfunding offering?

Fraud – Is there any reasonable basis for believing that the issuer or the offering presents the potential for fraud or otherwise raises concerns about investor protection?

Management – A background and securities enforcement regulatory history check on each officer, director, and person holding more than 20 percent of the outstanding equity.

Fact Checking – Is the information presented in the pitch true? Can we verify key facts, contracts, and investments.

Disclosure Requirements – Do the disclosure documents provide the required disclosures to allow investors to make a rational investment decision?

Liquidity – Does the offeror certify that they have enough post-closing liquidity (from the offering and any additional sources) to sustain operations for a specified number of months or a period of time which is clearly identified until the next planned funding round or, if a development project, to complete the proposed phase of the project?

Financing – How will changes and volatility in the credit and equity markets impact financing efforts and the capital structures of underlying investments?

Leverage – Construction startups and infrastructure development projects may utilize significant leverage which may increase financial and operational risks.

Valuation – Investment opportunities will be assessed to determine if appropriate and reasonable valuation procedures and methodologies are utilized by managers. Has the issuer provided a reasonable analysis of their valuation when applicable?

Traction – Has there been measurable progress, growth, and social proof? Is the company backed by other notable investors?

Team – Do the founders/managers have the skills and vision to succeed? Beyond the founders, does the team have the right people in the appropriate roles–including experienced advisors?

Business Model – Is the business proposal commercially reasonable? Is there a clear and reasonable explanation of the exit strategy?  Are projected cashflows reasonable given the current market conditions?

Technology – Is the success of the offeror based on un-proven technology and what is the risk associated with new technologies proposed? Do they have any projects completed or are these their first projects? Any proof of concept?

Market – The construction/infrastructure market is global, and investment opportunities may be dependent on international supply and demand.