Nós só podemos ver um pouco do futuro, mas o suficiente para perceber que há o que fazer. - Alan Turing
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How Do You Build a Data Room for Due Diligence?

You’ve had a successful meeting with an investor, and they want to do some additional due diligence. It’s a common practice and that having a well-organized data room can accelerate the process of fundraising.

You need to provide them with a secure online platform to look over confidential documents that can be accessed and downloaded from any location, including mobile devices. The goal is to allow potential investors to be able review due diligence documents in a safe way, and in a transparent and efficient manner. You can also track activity within your VDR, such as who is examining which files, and for how long.

The key is structuring your data room to accommodate various requirements and needs. You’ll want to include only the minimum data for stage 1 due diligence (e.g. the market fit of the product and financial www.andvdr.com/what-are-the-types-of-due-diligence/ model). However, you’ll want to provide more detailed information for stage 2 due diligence. This includes documents for the company, documents related to securities material agreements, and employee bios.

You’ll need a decision on who will have access to your data room, including administrators, regular users and guests. You’ll also need to consider whether you require version control, which enables you to keep track of modifications made to a document and ensure that your team members are using the latest version of any document. You’ll also need to pick one that offers an online dataroom solution that is suited to your specific business needs. Find a vendor that has auditing capabilities for instance, if your business needs to know who is viewing which files and for how long.

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