We would like to proactively ensure that all SecureDocs customers are protected against unauthorized access to their data rooms. Our engineers have analysed User data across our entire system and, while use of 2-factor authentication (the code sent via SMS text on initial login) is high, we would like to further encourage Administrators to ensure its switched on for every user.
Fundraising is quite a process, and for early stage startups, there will be a million things to do and a lot of information coming from every direction. Of course, one of the priorities will be preparing the pitch presentation, whether for seed funding or potential angel investors. This initial cash infusion is usually critical in shaping a company's trajectory, so the pitch definitely needs to be on point. But, founders need to do more than put together a solid slide deck and rehearse their spiel. They also need to be prepared to handle an intense round of questioning, and making general statements without some details to back it up will not suffice. Here are five questions startup founders absolutely must be prepared to discuss intelligently:
Successful companies should be prepared for other companies to approach them to seek a strategic merger or a complete acquisition. For younger enterprises, this may be unexpected and perhaps even a bit jarring. Even though the news is always full of stories about high value mergers and acquisitions, plenty of entrepreneurs do not fully grasp everything that such a deal entails. After all, although these kinds of deals are becoming increasingly common, they also tend to be rather complicated. And, for many people, going through a deal like this is something that they only experience once or twice during their careers, so there is understandable confusion surrounding the process. Here are the key things that everyone should know about mergers and acquisitions:
Signing a confidentiality and non-disclosure agreement (NDA) is fairly standard when joining or working with a company involved in technology, life sciences, and other innovation-driven industries. Competition is fierce in those sectors, and companies must ensure that valuable intellectual property (IP) is protected. Although NDAs are commonly used and generally necessary, they don't actually do much to keep data safe. For the most part, they really serve as a deterrent and afford a company recourse in the event that someone inappropriately uses or disseminates the information covered under the agreement.
People have the understandable yet incorrect belief that a Series A round is the first fundraising round that a startup undergoes since it contains the first letter of the alphabet. However, before a company even gets to that point, it will usually receive seed funding and/or have the backing of one or more angel investors. It is only after the business has been operating for a bit and demonstrated real potential that it normally takes the next step and goes through a Series A round.