Data room
The secure repository of documents shared with investors during diligence.
Why it matters
Beyond storing files, it tells you who opened what and when, which is a genuine buying signal. An investor who spent an hour in your financials is in a different state to one who never opened the folder.
A worked example
Sections typically cover incorporation and governance, financials, metrics, customers and contracts, IP, team, and pitch materials.
What is typical
Build it before anyone asks. Assembling one after the first request costs you two weeks at exactly the moment interest peaks.
The full pre-outreach checklist →
Related terms
Due diligence
The investor's formal verification of your business, financials, legal position, technology and team.
Read more →Wall crossing
Formally bringing someone across an information barrier and making them an insider with respect to confidential information.
Read more →Run your raise on this
VCTerminal models these terms on your real cap table, so you can see what a term sheet pays you before you sign it.
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