Will going through the checklist for each investment mean you'll always be right? No.
But I think going through these questions as an exercise will help you understand what makes a good/attractive business which is a fundamental skill in investing.
This list is also full of useless questions that tell more about the potential investor than the actual company. For instance:
>>If the company succeeds, does everyone—employees, managers, founders, investors, suppliers, customers—get about what they deserve?
"What they deserve"??? Really? That says nothing about the company. That only tells you whether or not the company's reward scheme comports with your personal notion of fairness. It is more about politics than investment potential. But maybe that's what people want these days.
The reason to care about Founders is to see if they have skin in the game. Investors to see if you're going to make anything. Employees to see retention and hiring.
Still a bit sideways but perhaps worth thinking about anyway.
But it would still have warned about something like Bolt - the marginal hire will have received an insane strike price.