Data room technology allows businesses to securely share and store documents during corporate transactions such as M&A deals, fundraising events and other business events. Virtual data rooms allow businesses to avoid the security risks associated with using standard file sharing tools, or sending confidential documents via emails, which are typically not encrypted and don’t provide an audit trail.
The best VDR makes it easy to share data, with an easy-to-use interface and features that allow due diligence to be faster and more efficient. It’s also extremely secure and ensures that information can only be accessed by only those who require it. Premium providers also offer 24/7 support to resolve technical issues or provide advice on how to optimize a data room’s use.
A well-structured and engaging data room can help you provide the most relevant information to your audience, whether you’re trying to convince investors to invest in your company or simply presenting your pitch deck. A concise and clear presentation is an advantage when conducting a virtual roadshow. It lets investors concentrate on the key points, rather than getting lost in the nitty-gritty special info details or complex analysis.
Be sure to share only the data of a subset of users when sharing engagement or retention metrics. For instance, users who spend more than 20 minutes a day in your app or have added five or more friends. Over-sharing will only cause confusion and overwhelm your audience.
