Do venture capital firms ever hire consultants? If so, what kinds of firms hire, and for what?

My best guess is that if there are VCs that hire consultants, the ones who do so are the larger firms, and that they hire them to do due diligence on later stage companies. My second guess is that the larger firms hire consultants to do portfolio work, either for individual companies or for overall portfolio assessment work.

What do you guys think? Thanks so much as always.

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