Data room technology allows businesses to securely share and store documents during corporate transactions, such as M&A deals, fundraising and other business events. Utilizing virtual data rooms, businesses can avoid the security risks that come with generic file-sharing tools or sending confidential documents via emails, which are often not encrypted and doesn’t create an audit trail.
The best VDR makes it simple to share data with an intuitive interface and features that make the due diligence process quicker and more efficient. It is also ultra-secure and ensures that information is only accessible to those who need to see it. Premium providers also offer 24/7 support to solve technical issues or provide guidance on how to optimize a data room’s use.
A well-structured and engaging data room will help you to present the best information to your audience, whether you’re trying to convince investors to back your business or simply presenting your pitch deck. A well-organized structure and a concise presentation can be a significant advantage during a virtual roadshow in that it allows investors to concentrate on the main points you are making, instead of having to deal with granular details and complex analyses.
Make sure you only share a subset when sharing engagement or retention metrics. For instance those who spend more than 20 minutes each day in your app or have added five or more friends. Oversharing could confuse and overwhelm your users.
