Venture capital

Advice on setting up a Virtual Data Room for a start up please?

Paul Phillipson CEO Plasma Antennas Limited

April 11th, 2016

I need to set up a Virtual Data Room. Any advice on vendors and ideas on cost would be very welcome.
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Paul Phillipson CEO Plasma Antennas Limited

April 12th, 2016

Thanks for the replies, I really want view only not downloadable. Ansarada looks interesting. Cheers Paul

Kevin Chugh Founder, Main Street Computing

April 11th, 2016

Hi Paul, 

We evaluated 3 or 4 vendors and they all wound up being so expensive that we built our own.  Sharefile seemed like the best but it wasn't quite customizable to what we needed and it was going to take more time to build the workaround than just build our own.  The VDR we built has been running solid for a couple of years and does exactly what we needed. Things may have changed since then, but hope this is helpful.  Let me know if you'd like details.  

William Swiggart Attorney for technology and biotech companies

April 11th, 2016

Unless the documents are extremely voluminous, I recommend Dropbox. Bill Swiggart

Scott Harrison Founder at Quinch

April 11th, 2016

I agree with William. I've used more secure systems in the past, including Merrill's, but unless you are a public company or handling a very sensitive deal Dropbox is typically fine.  There is one notable exception.  If you want people to view files but not be able to download them, you might opt for one of the more secure systems.  

William Swiggart Attorney for technology and biotech companies

April 11th, 2016

Dropbox allows you to control access easily, and at a reasonable cost.

Rachel White CFO at Flamingo Customer Experience Inc

April 11th, 2016

Hi Paul, I use ansarada to good effect Cheers Rachel Sent from my iPad

Graham MBA CEO at XelAqua, Inc.

April 11th, 2016

The most important thing is workflow and credibility of the security. Setting up something on Sharefile or similar is a sure way to let someone know that your a newb. This one I've used is well regarded: https://www.merrillcorp.com/technology-and-support-services/merrill-datasite