# Data room

Concept · [Fundraising and equity](https://ecosystem.samcarlton.com/fundraising)

Also called: dataroom, virtual data room, VDR, diligence folder, investor data room

An organized online folder of a company's key documents, shared privately with investors or buyers so they can check the facts during [due diligence](https://ecosystem.samcarlton.com/due-diligence).

**For example:** Before a [seed round](https://ecosystem.samcarlton.com/seed), a [founder](https://ecosystem.samcarlton.com/founder) fills a shared folder with the [incorporation](https://ecosystem.samcarlton.com/delaware-incorporation) papers, the [cap table](https://ecosystem.samcarlton.com/cap-table), customer contracts and financial statements, and gives the [lead investor](https://ecosystem.samcarlton.com/lead-investor) access.

## Connects to (6)

- [Due diligence](https://ecosystem.samcarlton.com/due-diligence): The checking an investor or buyer does before committing money: reviewing your finances, legal documents, product and the claims you have…
- [Pitch deck](https://ecosystem.samcarlton.com/pitch-deck): A short slide presentation that explains your business to investors: the problem, your solution, who it is for, your traction and what you…
- [Lead investor](https://ecosystem.samcarlton.com/lead-investor): The investor who negotiates the terms of a round with the founders and usually puts in the largest share of the money.
- [Cap table](https://ecosystem.samcarlton.com/cap-table): Short for capitalization table.
- [Google Drive](https://ecosystem.samcarlton.com/google-drive): Google's online file storage.
- [DocSend](https://ecosystem.samcarlton.com/docsend): A service for sharing documents by secure link and seeing who opened them and which pages they read.

> This glossary is plain-language orientation, not legal or financial advice. Before you decide on a company structure, a contract, taxes or a fundraising deal, talk with a lawyer or an accountant.

Map view: https://ecosystem.samcarlton.com/data-room