The basic things one need to do is to check the antecedent of the team behind the project you want to invest in.This will help you to know the profession they are into before managing the project. The question is,does the purpose of the project tally with their profession?The reason is,one can only give out what he has or what is in him.We have seen some project managers raised $15 million,but they failed to deliver a working product that will attract investors.
You should also check the white paper and as well observe how they respond to constructive questions on their various social media outfit,you will have the overview of their capacity.