Setting Up a Data Room

Establishing a dataroom is vital if you’re in the beginning stages of your business and would like to show investors the main perks of enterprise file sync and share solutions potential of your business. In our experience, the companies that get investment have a convincing pitch deck and a well-organized and accessible data room.

The most important aspect of creating a Data Room is to structure the documents and folders in a way that buyers can easily comprehend what they are studying. This may include creating an index, or table of contents that defines the primary folders within your data room (such as “Finance” and “Marketing”). Within these sections, you’ll want to create subfolders that organize your documents by subject. This will assist buyers in finding the information they need and speed up the due diligence process.

Moreover, you’ll also want to ensure you’ve included a section highlighting your company’s existing customers and references. This will help investors to understand your customer base and see how you’ve made progress in your field.

After you’ve completed the structure of your data room, it’s time to begin inviting users. You can do this through the User Management section of the Manage your Data Room page. Secure virtual data rooms come with the ability to set permissions that are granular, allowing you to invite users with the specific access rights they need to view documents. This is a major advantage over physical data rooms, which require that everyone are present at the same time. Additionally, they can only be accessed during office hours.