An investor without an investment thesis is like a boatman without oars – directionless. Armed with an investment thesis an investor is able to navigate the choppy waters of startup investing with relative ease. In the absence of one, the investor risks a capsize.

Building one’s own investment thesis ensures that you are taking the right approach. It will also help you keep a check on your ‘conscious biases’ while investing. Here’s the ultimate checklist for building a compelling investment thesis.