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  2. Setting Up a Data Room

Setting Up a Data Room

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The establishment of a dataroom is vital if you’re at the beginning of your journey and wish to demonstrate to investors the viability of your business. In our experience, the firms that are successful in securing investment have a convincing pitch deck and an organized and accessible data room.

The most crucial aspect of creating a Data Room is to arrange the folders and documents in a way that acquirers can easily understand what they are viewing. This can include creating an index, or table of contents that outlines the primary folders in 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 allow buyers to find the information they require and speed up the due diligence process.

You’ll want to include a section that highlights your company’s current customers and references. This will help investors to understand your customer base and see how you’ve made progress in your market.

Invite users to join your data room after you have completed the structure. You can do this by visiting the User Management section of the Manage your Dataroom page. Secure virtual data rooms have the ability to set permissions that are granular, allowing you to invite users with specific access rights they require to view documents. This is an advantage over physical data rooms, which require that all guests are present at the same time. Additionally, they can only be accessible during office hours.

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