The right investor data rooms are crucial to the fundraising or acquisition process of your business. It builds trust, which results in better decisions and deals. It’s all about being intentional about what you discuss and when.

You’ve had a great pitching session, and then follow-up conversations with a VC or investor who’s requested more data and access to your investor data room. At this point investors are typically looking for specific information on your business model, financials, and traction. They might also want your most recent pitch deck, or a variant of it tailored to their requirements.

In addition to these typical requests, it’s often helpful to include additional documents in your investor data room to help investors understand your company better. This could include a competitor assessment or customer references, referrals as well as amended and restated articles. Incorporating the latest investor updates is a good way to show you take transparency seriously.

A data room structure that is easy for investors navigate will save everyone time. Consider placing your most important documents in the front, and less important ones behind. You should also limit access to only those who require it, in accordance with the principle of least privilige. This means that only those who are required to look over the document can access it, thus preventing other people from downloading and altering your sensitive files. FirmRoom provides a variety of tools to help with the control of the narrative, including keeping members separate from one another and masking the date of upload.