When your startup wants to raise capital, the first meeting ends with a request from potential investors to gain access to your “dataroom.” What does this mean? What should you include there?

A data room is an electronic vault for documents of a company. Its purpose is to allow authorised people to review sensitive information safely. It is used for M&A due-diligence and other business processes that involve the exchange of large amounts of confidential data. The best data rooms online offer security protocols and standards for removing or replacing information as well as software search functions that ensure only authorized personnel have access to the information.

A data room can save time and effort when compared www.ceinturedesudation.fr to traditional methods such as printing and handing out hard copies. And the data can be accessed from anywhere in the world – so long as someone has an internet connection and a computer. A virtual data room will also ensure that your information won’t be vulnerable to natural disasters or fire.

Consider how many employees you will need to access the data room and their technology capabilities when choosing a provider. Consider platforms that offer free trial versions so you can test them out before investing. It’s worth asking your friends and colleagues what platforms they prefer, or if they can recommend any. This will allow you to narrow down your choices and make the best decision for your situation.