A data room is a virtual platform that assists businesses in completing due diligence to share documents and conduct Q&A rounds in a safe easily controlled and malleable manner. It is used by many industries and is an essential tool in M&A fundraising, IPOs, fundraising and joint ventures. Data rooms are used to store large, private documents and to share them with multiple parties.

The information you put in a data room will differ depending on whether you’re looking to raise funds, expand your business, or share information with customers. It also depends on the overall narrative you’re promoting. There are guidelines you can follow to create a captivating data room presentation.

Avoid divulging confidential information people that shouldn’t see it. This is one of the founders “worst nightmares,” and it can occur if you’re not cautious. If you’re trying to raise funds for a Series A, don’t divulge all your investor information to people who aren’t interested in investing. This will slow down the process and could derail your progress.

Make sure that your platform is accessible. You may also consider an online data room service that supports PCI-DSS. This industry standard mandates strong security that includes secure access control https://webdataroom.com/support-from-the-data-room-provider/ and storage of data encrypted communications, as well as regular security tests. It is also essential to know who has access to what. The most efficient and simple method to do this is to use document versioning.