Startups are in a phase in which they’re making their first investments, forming teams and preparing documents that must be organized. This is where the virtual data room comes in handy. They offer a safe place to share pitch decks with investors while also providing the founders an overview of who’s watching their presentations, and how much time they’ve spent on them.
The best virtual datarooms are simple to navigate for investors, and provide robust security for startups. This includes the ability to limit access to users based on roles, IP addresses and places to prevent screen capture, downloading or sharing worldvdr.com of sensitive information. They can even include customizable NDA templates to prevent disclosure of confidential information. Startups can also track which documents are being viewed the most to identify what areas investors are spending more time on and follow up with their queries.
This information can aid a founder to impress investors during due diligence, which could last for weeks or even months. Datarooms can simplify the process for everyone involved and speed up the final decisions.