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

I need to set up a Virtual Data Room. Any advice on vendors and ideas on cost would be very welcome.

7 Replies

Kevin Chugh
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Kevin Chugh Entrepreneur
Founder, Main Street Computing
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.
Graham Crispin BE MBA
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Graham Crispin BE MBA Entrepreneur
CEO at XelAqua, Inc.
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
William Swiggart
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William Swiggart Entrepreneur
Attorney for technology and biotech companies
Unless the documents are extremely voluminous, I recommend Dropbox. Bill Swiggart
William Swiggart
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William Swiggart Entrepreneur
Attorney for technology and biotech companies
Dropbox allows you to control access easily, and at a reasonable cost.
Scott Harrison
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Scott Harrison Entrepreneur
Founder at Quinch
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.
Rachel White
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Rachel White Entrepreneur
CFO at Flamingo Customer Experience Inc
Hi Paul, I use ansarada to good effect Cheers Rachel Sent from my iPad
Paul Phillipson
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Paul Phillipson Entrepreneur
CEO Plasma Antennas Limited
Thanks for the replies, I really want view only not downloadable. Ansarada looks interesting. Cheers Paul
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