Question about giving repo access for Tech Due Diligence for Seed

Question

My startup is (i think) near closing a seed round. As part of that the investor is requesting tech due diligence, fine and expected. One thing caught me off-guard and is wondering if it's the norm or not. and if so, what is the standard way as a company we should handle this.Their ask is for access to key code repositories across backend, api, and mobile. Even before the DD session. My gut is that kind of access would make sense if there was a contractual "Term Sheet Contingent on XYZ".Something just sits wrong with me, so I ask HN,am i overthinking this, or is that normal?

shikha1 · Accepted Answer

It depends on your technology. One of my friend raised funding for his security startup and the investor requested an algorithm review (code review) before term sheet. On the other hand, we raised an angel round for our B2C idea recently without any need for code access.

medialucky20 · Answer

A code walkthrough with one of their engineer can be a preferred route.

nowherebeen · Answer

Do not give access without legal documents. Otherwise they can walk away with your code and no repercussions.Don&rsquo;t let your greed overrule your mind.