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The Investor Dataroom Checklist— What You Need to Include
Everything you need to know about the dataroom and what documents investors want to see
You’ve had a successful pitch with an angel group or venture firm. Congratulations!
Now we’re ready for the next step — the deep dive. We ask to see the dataroom. Gulp. What’s that?
There’s a surprising amount of confusion among early-stage startups about what a dataroom is and what needs to be inside.
Fortunately, the dataroom is pretty straightforward. It’s a shared drive investors can access that contains all the information we want to see.
Ah, but what do we want to see, you ask. The simple answer: everything. The longer answer: everything we need to evaluate the company.
In summary, that means all the corporate, legal, and investment documents the lawyers will review; financial reports and projections for the finance guys to dig into; market information to evaluate the company’s prospects; patents and tech stack for the product geeks. And, well…everything else.
Many early-stage startups simply send us the pitch deck and investment documents. As investors, that gives us pause. That gives the same impression as a half-assed pitch deck — that the…
