Investors will want to examine every document a startup has at its disposal during due diligence. This can include legal documents and contracts with customers and suppliers, intellectual property data market research, as well as financial performance. A virtual data room is an ideal place to store, organise and update this vast amount of data. It also lets you monitor who has access to the data and for how long.
It is important to include a downloadable version of your financial model in the data room, whether you use Sturppy for creating it or a different software. This lets investors verify assertions and assumptions, without the need to ask for them in the future.
Investors will want to see your business plan, which includes a roadmap and forecasts of the next three year. This gives investors a clear understanding of how you intend to increase and expand your company.
A summary of your main financials, which includes the operating expenses, revenue, and capital expenditures up to date, as and projected future revenues and profits. This gives investors a full picture of your finances from the time you started through the present.
You may have already included a slide about the founding team in your pitch deck and investors might have looked at LinkedIn profiles. A section dedicated to highlighting the background and experiences of each member could help to influence their decision. This is particularly important if you are planning to solicit funds from institutional investors.