A data room is a secure online platform that allows the transfer of sensitive information in due diligence. If you are planning a M&A transaction or closing an investment or helping with other high-risk business processes Data rooms enable users to easily share and access documents while ensuring the security of those documents.
Investors are likely to want to look over important corporate documents during the due diligence phase. This includes contract reviews, shareholder agreements, etc. If the documents are exchanged via shared drives or emails it can be time-consuming and difficult. A virtual data room enables lawyers and other parties to collaborate securely on critical documents.
As a founder, it is essential to know what investors expect from your data room to be able to deliver quickly and efficiently. There are a few important items you can incorporate into your dataroom to help you stand out.
1. Team Information
A common request from investors is an overview of current team members and their job titles. This can speed up the process if you are able to provide it in a concise section.
2. Competitive Analysis
Investors are also likely to seek out the strengths and weaknesses of your competitors. If you can provide an integrated analysis of your competition of your top competitors in the data room, it will demonstrate your depth of research and speed up the process.
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