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Venture scouts, often known as VC scouts or startup scouts, are resourceful connectors that may assist venture capital firms in discovering hidden, exceptional startups and founders to invest in ahead of the competition. As part of their role VC scouts may identify interesting startups, research them, their teams and their competition, write a deal memo, and present it in-person or online to the VC firm. When working in an incentive-based approach, some VC scouts have a full-time employment, while others take on this role with the intention of eventually becoming venture capitalists themselves.