Given that four out of our team of about 10 are developers that is a bit of a hard question to answer. Let me try anyway: we do not actually develop software (other than our own tooling) but we do look at other people's software, as well as many other aspects of IT operations, development processes and so on.

So software development experience is a definite plus, but it is not required that you do software development during the normal course of our work, at best it would result in some actionable advice in one of the sections of the report.

I hope that answers your question satisfactorily, if not feel free to follow up either here on in email.

Thanks! It does explain it. It's an interesting concept for sure; I guess VCs want to make sure the money they are investing is as safe as possible, and taking a hard look at the engineering behind the company is a part of the due dilligence. (If I understood the business model correctly). And startups are probably not too keen on sharing their code and IP like that but the VCs will pressure them to do it. I kinda like it :)

Yes, you got it perfectly. Start-ups are especially wary of sharing their IP with VCs or their portfolio companies so we come in handy as trusted third party (trusted by both) to not leak critical IP while still being able to say something useful about it.