Investments goes through "due diligence" between signing a term sheet and closing. During this time, the VC gets to look at the company's financials, legal liab

Investments goes through "due diligence" between signing a term sheet and closing. During this time, the VC gets to look at the company's financials, legal liabilities, and all the other stuff that they don't get to look at before then. On the engineering side, it's common for investors to ask for a list of software vendors and open source licenses. It would seem pretty legit to me for an investor to ask an outside firm to audit whether a product's code matches what they claim during the pitch.