What to Include in Your Data Room

A data room is an online storage facility that secures the storage and sharing of sensitive business data. It is usually used for due diligence, M&A, or capital raising. It helps prevent sensitive documents from falling into inappropriate hands. It also makes the process of closing deals more efficient as it allows several parties to view and discuss information at the same time. While there are a variety of free file sharing tools available but they aren’t equipped to handle the security requirements associated with the storage and management of confidential business information. They don’t have the same amount of permissions as well as auditing capabilities and watermarking features as a VDR.

Depending on the stage of your business, the items you include in your data room will differ. There are several key things that investors can expect. These include:

1. History of the company and growth. This can be a brief section outlining your company’s founding story, a page that outlines your product’s and marketing goals and key growth indicators, or a more thorough section that outlines your company’s history, growth trends and market insights (including customer retention and engagement metrics).

2. Charts of the team and the organization. This includes the number of team members, their roles and salaries as well as titles and titles. It is essential to share this information with your investors so that they are aware of the strengths of your team as well as the ways your company intends to scale.

Remember to use a reliable data room solution such as Firmex that is specifically designed for the purpose of keeping your information safe and secure. This will facilitate the process of funding and M&A more simple, safer and more efficient.

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