For aspiring entrepreneurs and startup companies, knowing how and when to raise capital for their businesses can be a challenging endeavor. This challenge only becomes compounded when you consider the dynamic digital landscape that all companies are required to navigate. Now more than ever, there is a growing need for companies to be able to provide secure and easily accessible information to their potential investors while minimizing lead-times through seamless virtual data exchanges.Read More
The invention of web-based corporate tools and services have alleviated a plethora of communication and organizational needs faced by businesses. With this mass adoption, however, comes a potential danger that proprietary information might be accessed by unauthorized users.
Hackers are utilizing developed techniques, typically brute-force attacks, that allow them to search for passwords based on trends and frequent user habits.Read More
As the name suggests, a virtual data room, or as it is more frequently called, a “VDR,” is an online database in which companies can store and share confidential information, usually used during a financial transaction. It may also be described as a type of electronic repository or document filing system. With the ubiquitous reliance on computers and specialized software to keep a business running smoothly, coupled with the fact that more and more companies are making the transition to a completely paperless office, many of the previously document-heavy operational practices have been shifted to the virtual realm.Read More
Many entrepreneurs create startups with the hope that in the future, their business will be acquired. For young companies, an acquisition is an incredibly exciting achievement. It is a time in which you are assured that the startup you imagined, built and nurtured was, in fact, a successful business venture. Your years of hard work and perseverance through the hurdles and the doubters has brought you to the thrilling realization of your business being valuable and sought after.Read More
Acquiring another company, especially a promising startup, has become a bit of a competitive sport. Big enterprises are eager to capture larger and larger shares of a particular market, and a lot of companies want to expand their offerings by purchasing startups with an unrelated but highly lucrative focus. However, in the rush to snatch up the next big thing for the sake of a dollar, some important matters may be overlooked. No matter how exciting a prospective acquisition is, financially-motivated haste should never become the catalyst for a deal's downfall. There is a reason that successful businesses tout the principle that a slow and steady approach ultimately wins the race. Here are 5 common startup acquisition mistakes:Read More
From individuals to businesses, everyone these days needs a secure, straightforward system for keeping track of their documents. Surprisingly, setting up a document storage system is far easier than most people think.
Data theft is alive and well, and for companies that fail to institute an appropriate document retention and management strategy, becoming a victim is all too likely. Even though technology is becoming more sophisticated every year, the cost of many solutions is actually declining due to fierce competition and the basic economic principles of supply and demand. As a result, there is really no excuse for any company, large or small, to neglect this facet of running a business. In simplest terms, if companies don't want private data misappropriated, then they shouldn't expose it in the first place. All it takes to achieve this is some planning, research, and a reasonable investment in the right technology. Here are the five key steps to take:Read More
The simplest answer to this question is that it depends. Granted, that is not really an answer, but it really does depend on the strength of the NDA, as well as whether the party signing it correctly understands its requirements. Here are the reasons that NDAs often fail to fulfill their very purpose:Read More
These days, an increasing number of businesses have begun making the transition from physical data rooms to virtual storage. In fact, one survey found that more than 50% of businesses use some form of cloud data storage—and for good reason. Not only does virtual data storage save space, but it also makes for more convenient file access. Rather than having to dig through countless filing cabinets to locate a specific document, virtual data storage makes it possible to access digital files remotely, from the convenience of a personal computer or other electronic device.Read More
Most of us are familiar with the steps involved in setting up a new online account, whether for email, shopping, or other purposes. It usually requires the selection of a unique username as well as a password. In some instances, the password must meet certain criteria, such as a specified character length as well as the inclusion of uppercase and lowercase letters, numbers, and a special symbol. In general, people are advised not to select passwords based on their names, pets’ names, or other personal information that would be fairly easy for others to figure out. For professional accounts, in particular, it is heavily frowned upon to select a password with personal meaning. However, despite a company’s request that its employees create passwords that will not be compromised easily, personally relevant words are almost always the type of passwords that people choose.Read More