A data room is a secure online platform that facilitates the transfer of sensitive information in a due diligence process. Data rooms are great for any business with high stakes such as preparing for an M&A deal or closing an investment aiding in another high-risk transaction. Users are able to easily access and share documents while maintaining the security of these documents.
In the due diligence phase of any business transaction, investors should review a variety of important corporate documents including contract review agreements with shareholders, contract review, and more. This exchange of information can be a challenge and time consuming when it’s handled in an email chain or shared drives. However the use of a virtual data room permits legal teams and other stakeholders to collaborate securely on important documents.
As a founder you need to know what investors expect from your data room to be able to be able to deliver efficiently and quickly. There are several key things to include in your data room to make you stand out from your competitors:
1. Team Information
Investors frequently request a list with the current team members’ job titles. This will help speed up the process when you provide the information in a short section.
2. Competitive Analysis
Investors will also be looking to understand the strengths and weaknesses of your competition. If deadbeats.at/ you can provide an analysis of your competitive strengths and weaknesses that is consolidated for your most prominent competitors in the data room, it will prove the depth of your research and help to speed up the process.