what are some of the best practices in due diligence in VC

Best practices in VC due diligence include having significant expertise in the sector to evaluate deals, bearing diligence costs as an investor, and not asking companies to pay for diligence in advance. It's important to quickly conduct due diligence, especially for in-demand deals, and to create a detailed deal memo summarizing key investment aspects. Additionally, background checks on startup founders and a robust data room with due diligence materials are essential components of the process.