A tidy data room signals that you run a tight company, and it keeps diligence from dragging on. Start with the list below and include only what’s relevant at your stage.

Corporate

• Certificate of incorporation and bylaws, or operating agreement

• Board and shareholder consents

• Current cap table, including options, SAFEs and notes

• Stock purchase and option grant documents

Financial

• Monthly financial statements for the last 12 to 24 months

• Current budget and financial model

• Bank statements and a summary of any debts or obligations

• Tax filings

Commercial

• Key customer and partner contracts

• Pipeline and sales metrics

• Pricing and unit economics

Team

• Org chart and planned key hires

• Employment and contractor agreements

• Invention and IP assignment agreements

Product and IP

• Product roadmap

• Patents, trademarks and domain names

• A summary of the open-source and third-party software you rely on

Legal and compliance

• Any pending or threatened litigation

• Licenses, permits and regulatory filings relevant to your business

• Privacy and security policies