Venture capital funding has accelerated in recent years. Investors aren’t able to delve into every deal. It’s the responsibility of the founders ensure that their due diligence is as efficient as they can with the help of the virtual data room.
Whether useful site you’re raising Series A funds or just preparing to pitch to investors who are new, it’s essential that you have your stage 1 data space ready to go prior to one fundraising meeting. Having your data organized and easily accessible is the best way to speed up the investment process and ensure that investors have access to all the documents they need.
A stage 1 dataroom typically includes the pitch, financial statements (including quarterly income statements and year-to-date income statements) and any other information you wish to communicate. It also should include a section showcasing your market research done by hand and analysis of competition to help investors understand your unique position in the market.
It is important to include any recent investor updates you’ve received, such as milestones reached and any concerns expressed by previous backers. This is an excellent way to prove that you’re transparent with potential investors. It can affect their decision.
When choosing a room for virtualization, choose one that is easy to use and allows you to share files securely with third parties. Also, make sure that the service provides a full range of features, such as an import/bulk-upload feature, customizable watermarking, as well as an built-in NDA that can simplify the process and eliminate the need for extra paperwork.