Data Room
Your deck, LPA, track record and DDQ in one room, in folders. Each LP gets their own link, and you see what they opened, the time on every page, what they downloaded, and when they came back.
just nowEndowment, Boston opened Track record page 4 · 6:20
just nowFamily office, Zurich accepted the NDA
just nowFund of funds, London downloaded DDQ allowed on this link
just nowEndowment, Boston came back Legal documents third visit
just nowPension consultant opened Fund overview page 2 · 0:45
just nowFund of funds, London read every page of Track record 18 minutes
The room
Rename them, add your own, or drop files straight in. Pick a folder to see what usually goes in it and what an LP checks first.
What an LP checks first. Strategy, fund size, the GP commitment, and why this team, in five minutes.
What an LP checks first. Fees, carry, key-person terms and the clauses their counsel will mark up.
What an LP checks first. Gross and net returns, realised against unrealised, and whether the numbers add up.
What an LP checks first. Who makes the decisions, how long they have worked together, and who to call.
What an LP checks first. The questionnaire answered in full, so their analyst does not have to ask.
What an LP checks first. How you report when things go well, and when they do not.
millionrounds.com/r/••••••••
One link per LP
Every link is set up on its own. Pick the LP from the LP database or type the name, then decide what it opens and what it asks for. Try it:
Switch a link off and it stops working at once; the other LPs' links carry on.
Page by page
Seconds on each page of a track record, by four example readers. The darker the cell, the longer they stayed. Page 4 is the fee and returns table.
| p1 | p2 | p3 | p4 | p5 | p6 | p7 | p8 | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Endowment, Boston | 0:40 | 1:35 | 1:00 | 6:20 | 3:30 | 0:30 | 0:15 | 13:50 | |
| Family office, Zurich | 0:55 | 1:10 | 0:20 | 2:20 | 4:45 | ||||
| Fund of funds, London | 0:30 | 2:00 | 2:40 | 5:00 | 4:20 | 3:10 | 2:20 | 1:30 | 21:30 |
| Pension consultant | 0:25 | 0:45 | 0:30 | 1:00 | 0:35 | 0:20 | 3:35 |
Readers are made up for the example. In your room they are the people you sent each link to.
If a page travels
With the watermark on, every page an LP views is marked with their name and the date. PDFs are read in the browser page by page, so unless you allow downloads, the file itself never leaves the room.
Who to send it to
The room links to the LP database: pick an LP and their link is named for them. 10,578 investment firms have raised a fund in the last 18 months, which is who you are competing with for these allocations.
Open the LP databaseAgainst the alternatives
| Email attachments | General file sharing | Enterprise data rooms | Millionrounds | |
|---|---|---|---|---|
| A link for each LP | ✗ | Partly | ✓ | ✓ |
| Time on each page | ✗ | ✗ | ✓ | ✓ |
| NDA, password, watermark, expiry | ✗ | Partly | ✓ | ✓ |
| Stop a link at once | ✗ | ✓ | ✓ | ✓ |
| Built-in LP database | ✗ | ✗ | ✗ | ✓ |
| Set up in minutes, without a sales call | ✓ | ✓ | ✗ | ✓ |
| Price | Free | Low | High, often per page | Free |
Make a room, drop in your documents, and send the first LP their link in a few minutes.
Nothing, for now. Make a room, upload your documents and share as many links as you need.
Only if you allow it on their link. Otherwise PDFs, Word documents and spreadsheets open in the browser and the file never leaves the room. Other kinds of file can only be downloaded, so they need downloads switched on.
Every page an LP views carries their name and the date across it, so a page that travels is traceable to the link it came from.
Write your NDA once for the room and switch it on per link. The LP accepts it before anything opens, and you see who accepted which version and when.
Upload the new version and every link shows it at once. The old one is kept, so you can see who read which version.
Yes, at once: switch it off, or set it to expire on a date. Each LP has their own link, so ending one does not touch the others.