8/10/2008

The WOW Team on Due Diligence


Greetings,

After another hot weekend in Dakar the Summer Intern team will meet again tomorrow morning to put our heads together on the important topic of creating a due diligence process to help improve the impact and mitigate the risks of WOW’s investments. During these short 5 weeks some of our most important and engaging work has come in brainstorm sessions with each of us giving out contributions. While working in teams has allowed us to focus on specific companies and their particular strengths, needs, and problems, it is also productive (and fun) to put our heads together. With Laurent at the white board taking down ideas and helping to steer our discussions, we have come to some important understandings that should help WOW to continue its current success.

Sadly, this is our last week together as a team, with Sachiko and Laurent scheduled to leave on Friday. But it is also one of the more important weeks we’ll work together as we will be joined by Linda, a WOW founder, and work closely with her and Suparna, WOW’s CEO, on a range of topics. This will provide an opportunity for the team to give feedback on our experience and report on what we recognize as the achievements and challenges ahead. One of the more important considerations at hand is adapting WOW’s due diligence process in order to make its investments and services to portfolio companies more effective. The team’s experience from the last few weeks has given us value impressions that allow us to identify best (and worst) practices and thereby provide suitable input to the topic of due diligence.

We expect that this week of meetings will give us the chance to bring our recent experience to the fore and demonstrate the positive results of WOW’s Summer Intern Program. We also look forward to a nice dinner out with Linda, hopefully accompanied by some good Senegalese music!

Until next time,

~Christian

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