Who does background checks on startup founders?
Who does background checks on startup founders? Is this is part of the process of due diligence for each deal?
Background checks on startup founders are typically conducted by investors as part of the due diligence process for each deal. This includes extensive background reference checks on the general partners, speaking with portfolio company CEOs, reviewing the Data Room, and validating the model.
This response appears to pertain to VC founders and not startup founders. But please clarify if that is not the case.
A VC (or accelerator/incubator/studio) may run background checks on startup founders it intends to invest in based on its own due diligence procedures and policies - it is not universal though, especially at the very early pre-seed stages. The actual background checks are typically outsourced to specialized third-party vendors.