Setting up a dataroom is essential if you’re at the beginning of your journey and want to show investors the potential of your business. Our experience has shown that companies who secure investment have an organized data space and a compelling presentation deck.
The most important part of setting up the data room is organizing the documents and folders in a way that allows users to know what they’re looking at. This can include creating a table or index that lists the main folders in your data room, such as “Finance” or “Marketing”. Within these sections, you’ll want to create subfolders to further organize documents by topic. This will make it easier for buyers to locate the information they need and speed up the due diligence process.
In addition, you’ll want to ensure you’ve included a section highlighting your current customers and references. This will allow investors to comprehend your customer base and how far you’ve come in your market.
Once you’ve created the structure of your data room, you’re now ready to start inviting users. You can access this via go to the website the User Management section of the Manage your dataroom page. Secure virtual datarooms come with permission settings that are flexible and allow you to invite users who require specific access permission to access documents. This is a significant benefit over physical data rooms which require that all attendees are present at the same time. They can only be accessible during office hours.