What Is a Business Data Room?
A business data room (BDR) is an online repository that is that stores confidential business information. They are used for M&As and IPOs as well as fundraising rounds and other corporate transactions. Only those with access privileges can view or read the information in a data room. If you're a founder of a startup and you've prepared an investor deck practice your pitch and then reach out to investors, it's common for the first meeting to conclude with a request to view your "data room." While there are some debates about what constitutes an investor data room (it could encompass...