Virtual Data Rooms for Private Placement

https://gamedataroom.com/

If you are contemplating the possibility of a private placement (PP), it is important to send confidential documents to potential investors/partners. A virtual data room provides an improved security and streamlined alternative to email and spreadsheets for sharing information with many parties.

PPM Preparation: You can create a document library with specific permissions for each prospective partner/investor and monitor the usage metrics to gauge interest levels. Access expiration, dynamic watermarks, view and print permissions, as well as view-only permissions, help stop unauthorized access to sensitive files. Physical Security Physical Security: Your VDR should be equipped with industry-standard facilities with multiple backups and offsite storage. Additionally, there should be redundancy, fire protection and biometric access. They should also use restricted access, multi-factor authentication and forensic auditing.

Investing in your own company: You can provide confidential revenue forecasts as well as IP ownership documents to provide potential investors an accurate picture of the future growth prospects of your business. You can also upload a cap table that shows the division of equity between founders and existing investors. This will speed up the due diligence process and enable you to move faster towards the termsheet.

A virtual dataroom also facilitates collaboration between internal teams and external partners through the ability to post specific questions about documents in a specific section. Questions can then be addressed by the responsible person as soon as possible and save time searching for information in emails or sending files that may be lost.