During due diligence, investors may need access to precisely the same documentation you make use of internally to perform your business. Having all of this info in one place and organized is critical to accelerating the fundraise process. The ability to the path if your paperwork have been looked at and by to whom is also critical. Using a purpose built investor virtual data room gives better end result in your deals this capability and more.
While a startup could use a distributed folder just like Box, Dropbox or Yahoo Drive to accommodate its investment documents, an investor info room is the most suitable because of the added security plus the tracking features available in an ardent tool. A fervent tool can also provide a more rubbed presentation to investors and the ability to get the new venture to customize the record structure for each individual investor.
The best buyer data rooms have the ability to meet the needs of any potential trader. Having the right information in a single organized and simple to find their way file structure allows startups to push through the fundraise process quicker and show that they can always be trusted when using the sensitive data they are posting.
VCs can be reviewing hundreds of companies a month and the more prepared a creator is in the fundraise process, the quicker they will close the offer. Having an investor data room that may be clean and ready for due diligence displays a level of professionalism which will likely set you apart from other startups competing for the similar investor us dollars.