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If you’re looking for venture capital or raising an angel round, it’s crucial that startups keep all the documents required by investors in a secure and user-friendly investor data room. A good virtual dataroom can simplify due diligence on investments and cut down on time, all while creating a feeling of confidence among potential investors.

A VC will scrutinize a variety of documents, ranging from pitch decks and financial projections to company-specific information and many other business documents. Startup founders should make sure to select documents that meet the requirements of the VC for investment. Too many documents could overwhelm potential investors and dilute the impact of critical information.

To ensure that every user has an excellent experience, it’s essential that the VDR has advanced functionality, such as a search function that allows users to locate files quickly and the Q&A section which makes communication between stakeholders easy. A VDR must also be capable of handling large numbers without charging extra fees.

A VC should also have access to analytics that indicate who has accessed which files and when. This provides an understanding of the future discussions and investment. It is also crucial to select a professional platform that permits free storage and allows you to upload large amounts of files with watermarks. Carta Launch is an online document management platform for early stage entrepreneurs that offers all these features. It’s the perfect solution for managing investor datarooms.