Data room use cases for startups.
78 jobs a startup data room does, from a first angel cheque to a sale. Each page has its own top 10, a folder index, setup steps and mistakes to avoid.
Fundraising by stage.
From the first angel cheque to a tender offer: what each round asks for and which room handles it.
Pre-seed round
8 folders, 5 setup steps, top 10 rooms.
OpenSeed round
10 folders, 6 setup steps, top 10 rooms.
OpenSeries A
12 folders, 6 setup steps, top 10 rooms.
OpenSeries B
11 folders, 5 setup steps, top 10 rooms.
OpenSeries C and later
12 folders, 5 setup steps, top 10 rooms.
OpenBridge round
8 folders, 5 setup steps, top 10 rooms.
OpenSAFE round
8 folders, 5 setup steps, top 10 rooms.
OpenConvertible note
8 folders, 5 setup steps, top 10 rooms.
OpenAngel round
9 folders, 5 setup steps, top 10 rooms.
OpenEquity crowdfunding
9 folders, 5 setup steps, top 10 rooms.
OpenVenture debt
9 folders, 5 setup steps, top 10 rooms.
OpenAccelerator applications
8 folders, 5 setup steps, top 10 rooms.
OpenDemo day follow-up
8 folders, 6 setup steps, top 10 rooms.
OpenStrategic investor
9 folders, 5 setup steps, top 10 rooms.
OpenFamily office round
9 folders, 5 setup steps, top 10 rooms.
OpenDown round
10 folders, 6 setup steps, top 10 rooms.
OpenExtension round
8 folders, 5 setup steps, top 10 rooms.
OpenPre-IPO round
11 folders, 5 setup steps, top 10 rooms.
OpenIPO
12 folders, 6 setup steps, top 10 rooms.
OpenTender offer
8 folders, 6 setup steps, top 10 rooms.
OpenFounder secondary
8 folders, 5 setup steps, top 10 rooms.
OpenExits and deals.
Selling the company, merging, licensing IP or winding down, with the buyer reading every file.
Selling your startup
12 folders, 6 setup steps, top 10 rooms.
OpenAcquihire
8 folders, 5 setup steps, top 10 rooms.
OpenSell-side process
11 folders, 6 setup steps, top 10 rooms.
OpenStartup merger
9 folders, 5 setup steps, top 10 rooms.
OpenAsset sale
9 folders, 5 setup steps, top 10 rooms.
OpenPrivate equity buyer
11 folders, 5 setup steps, top 10 rooms.
OpenStrategic acquirer
12 folders, 5 setup steps, top 10 rooms.
OpenWind-down
9 folders, 6 setup steps, top 10 rooms.
OpenJoint venture
9 folders, 5 setup steps, top 10 rooms.
OpenIP licensing deal
9 folders, 5 setup steps, top 10 rooms.
OpenPartnership deal
9 folders, 5 setup steps, top 10 rooms.
OpenManagement buyout
9 folders, 5 setup steps, top 10 rooms.
OpenDue diligence.
The reviews investors and acquirers run on legal, financial, technical and people records.
Startup due diligence
11 folders, 6 setup steps, top 10 rooms.
OpenTechnical due diligence
10 folders, 6 setup steps, top 10 rooms.
OpenLegal due diligence
11 folders, 6 setup steps, top 10 rooms.
OpenFinancial due diligence
9 folders, 6 setup steps, top 10 rooms.
OpenIP due diligence
10 folders, 6 setup steps, top 10 rooms.
OpenCommercial due diligence
10 folders, 6 setup steps, top 10 rooms.
OpenPeople due diligence
9 folders, 6 setup steps, top 10 rooms.
OpenSecurity review
10 folders, 6 setup steps, top 10 rooms.
OpenAfter the term sheet
8 folders, 6 setup steps, top 10 rooms.
OpenStartup sectors.
What changes when the company builds software, drugs, hardware, payments or marketplaces.
SaaS
10 folders, 6 setup steps, top 10 rooms.
OpenAI
11 folders, 6 setup steps, top 10 rooms.
OpenBiotech
11 folders, 6 setup steps, top 10 rooms.
OpenMedtech
10 folders, 6 setup steps, top 10 rooms.
OpenHealthtech
10 folders, 6 setup steps, top 10 rooms.
OpenPharma
10 folders, 6 setup steps, top 10 rooms.
OpenFintech
10 folders, 6 setup steps, top 10 rooms.
OpenCrypto and web3
10 folders, 6 setup steps, top 10 rooms.
OpenClimate and cleantech
10 folders, 6 setup steps, top 10 rooms.
OpenDeep tech
10 folders, 6 setup steps, top 10 rooms.
OpenHardware
10 folders, 6 setup steps, top 10 rooms.
OpenRobotics
10 folders, 6 setup steps, top 10 rooms.
OpenSpace
10 folders, 6 setup steps, top 10 rooms.
OpenE-commerce and DTC
10 folders, 6 setup steps, top 10 rooms.
OpenMarketplaces
10 folders, 6 setup steps, top 10 rooms.
OpenConsumer apps
10 folders, 6 setup steps, top 10 rooms.
OpenGaming
10 folders, 6 setup steps, top 10 rooms.
OpenEdtech
10 folders, 6 setup steps, top 10 rooms.
OpenProptech
10 folders, 6 setup steps, top 10 rooms.
OpenInsurtech
10 folders, 6 setup steps, top 10 rooms.
OpenCybersecurity
10 folders, 6 setup steps, top 10 rooms.
OpenDevtools and open source
10 folders, 6 setup steps, top 10 rooms.
OpenAgtech and foodtech
10 folders, 6 setup steps, top 10 rooms.
OpenLegaltech
10 folders, 6 setup steps, top 10 rooms.
OpenUniversity spinouts
10 folders, 6 setup steps, top 10 rooms.
OpenVenture studios
10 folders, 6 setup steps, top 10 rooms.
OpenRunning the company.
Board packs, audits, valuations, enterprise sales and the other jobs a room does between rounds.
Board packs
9 folders, 6 setup steps, top 10 rooms.
OpenInvestor updates
8 folders, 6 setup steps, top 10 rooms.
OpenAnnual audit
10 folders, 6 setup steps, top 10 rooms.
Open409A valuation
8 folders, 6 setup steps, top 10 rooms.
OpenEnterprise sales
9 folders, 6 setup steps, top 10 rooms.
OpenGrants and SBIR
9 folders, 6 setup steps, top 10 rooms.
OpenGovernment contracts
9 folders, 6 setup steps, top 10 rooms.
OpenExecutive hiring
8 folders, 6 setup steps, top 10 rooms.
OpenWorking with lawyers
9 folders, 6 setup steps, top 10 rooms.
OpenSolo founders
8 folders, 6 setup steps, top 10 rooms.
Open