One of the first questions I ask a founder when I am interested in investing in their company:
👉 Can I access your Due Diligence room?
It still amazes me how many founders are raising money without having a DD room.
It is also pretty normal that most founders are not familiar with the concept (unless told before), but experienced angel investors are and they will expect a nice Due Diligence room.
To help you in the process, here is the list of documents you should have in your Due Diligence room (aka DD room, Investor room, or Data room):
– Your pitch deck
– Your business plan
– Your product roadmap
– A product demo video
– The cap table
– The shareholders´ agreement
– the term sheet
– Articles of Association
– Loans & SAFE agreements
– Other relevant legal documents
– Financial projections + numbers (LTV + CAC + CHURN + LVT to CAC ratio etc.)
– Sales pipeline
– Client contracts
– Partner contracts
– Sales presentations
– Partner presentations
– Accounting/audit statements
– Company policy
– CVs + team contracts
– Employee stock ownership plans
– IP & patents
– Licence agreements
Get the most important documents related to your company into a google drive or a Notion account before you start raising money.
In addition to speeding up the process, it will make a great impression on investors.
Note: Depending on your business, industry, stage, etc. customize the investor room.
Always stay inspired and wishing you a great Friday!