Whether you are an experienced VC content spinning out on your own, an operator made investor or an angel raising your first institutional fund, a solid data space can set you apart from the pack and increase your odds of closing a deal breaker. This is especially true in the modern environment where LP appetite remains to be high and competition for new money has never been even more competitive.
Level 1–data required to make a term bed sheet. This typically includes a full financial unit, cap desk and a detailed description of the product-market fit. In addition, it includes key team details (e. g. resumes, staff stock contracts and paperwork on hiring).
A detailed competitive analysis is another key piece that includes your profound understanding of the market and a clear viewpoint of your posture within that. You should also contain customer references/referrals and a summary of any other intellectual property properties. These will not be directly related to the main product, nonetheless they will add significant value and so are often talked about in pitch. This can consist of patent filings, trademarks, and any other crucial documents which will demonstrate the caliber of your IP. Investor updates can be included throughout the method as well to show your improvement, speed and ability to perform.