https://mac-interactive.com/5-simple-no-designer-tools-for-structuring-your-data/
A secure, easy-to-use virtual data room is essential for any startup looking to accelerate their fundraising process. But creating an effective VDR isn’t without problems. Most common mistakes can be avoided if that the following best practices are in place:
Too many details
It can be tempting to include all relevant data in a data space stage 1. However, this could distract investors and diminish the value of important information. It’s also important to remember that not all data is equally important. For instance, investors at stage 1 do not need access to cap tables or shareholder certificates.
Poor document structure
Before you upload your files to an VDR ensure that they’re organized and labeled appropriately. This will help the acquirers comprehend the structure and contents of the document more easily. For instance, using an organized filing system that has consistent file names, and the use of tagging and indexing systems will aid users to locate files. Also, using summaries and outline of the key points will support users in understanding the complexity of documents. In addition, having clear guidelines to eliminate outdated documents will eliminate unnecessary clutter and improve the overall user experience.
Overstating security
Some companies overdo it by the claim that their secure data rooms are ultra-secure. It’s similar to the cereal bar company boasting about its nutritional benefits because it is fat-free while they should be focusing on whether the product is suitable for the intended market.