Many startups are faced with the question “What should I include in my data room?”

If you’re in the market for Series A funding, or even Seed/Angel funding, the answer is easy: a well-organized, easy-to-use virtual deal room. This step is an essential component of the due diligence process that ensures that investors have a consistent experience and clear information about how your company operates.

The best practice is to include operational information that is based on customer lists and supplier contracts, employee handbooks and more. Also, including legal documents such as incorporation documents or intellectual property filings more is also essential to be reviewed by investors. This will allow investors to fully comprehend your company’s position on the market and make informed decisions. Also, information related to commercial such as competitor analysis, sales figures and marketing strategies should all be included in your investor data room.

You’ll need to ensure that only the right people have access to your data. To control this, you’ll reasons to choose docsend as your virtual dataroom require a VDR solution that has specific security features, such as keeping members separate from one another and obscuring the upload date of each document. This is a great way to make sure that your confidential data isn’t leaked to the wrong people.

A reputable virtual room will let you know the documents that were watched, for how long, and when. With this kind of data, it’s possible to create an individualized presentation for each investor and concentrate on the information that’s most important to them.