What would you wear to meet an important investor? A clean suit or a worn out, dirty shirt not washed for the last three years? It is obvious, yet some of the data rooms I reviewed in 2021 are five years old. These are red flags to investors!
A data room represents the professionalism of the developers. A well-organized data room that houses all documents is key, will serve as a good indication of the quality of the development engineering work, and shorten the investment review time.
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