IK
Iris Kapoor
Is the retention line based on logo retention or net revenue retention? The assumption on page 12 looks stronger than the cohort table in the appendix.
Series A fundraising
Run institutional diligence from one shared round state.
Series A adds deeper requests, more stakeholders and weeks of parallel work. Keep the room, the investor state and the follow-through in one system.
Data Room free forever. Operator adds the operating layer.
Institutional weight
More stakeholders, more documents, one narrative to hold together.
Associates run a first pass, partners build conviction, finance checks assumptions and counsel examines the contracts. The room has to distinguish their access and activity without fracturing the story into separate sends.
One institutional room
Structured for the diligence process.
Keep the deck, cap table, financials, contracts and product evidence in the same ordered room. Update a material once and the existing room links lead reviewers to the current version.
01Company and roundOverview
02FinancialsModel + cohorts
03CommercialPipeline + contracts
04LegalCap table + documents
Series A room · Founder viewCurrent diligence index
Share
№DocumentStatus
01Series A deckReady
02Financial model v4Ready
03Cap table summaryMissing
04Metrics workspaceReady
Live room · access controlled
Stakeholder depth
Name the groups for the process you are running.
Create room-local access groups such as associate review, partner review and counsel. The names are yours; the access boundary is enforced by the room.
AssociateCore room and first-pass materials
PartnerFull investment case and financial depth
CounselContracts and legal materials
Data Room · Diligence Q&AQuestion context preserved
Financial model · Page 12
Question attached to its source context
AM
Alex Morgan
Net revenue retention. I added the cohort reconciliation below the assumption and linked the source export in the appendix.
Answered
Questions stay with the source
Answer the question once, in the context that created it.
A viewer can ask from a material or a rendered page. The founder sees the source context, answers the thread and chooses whether the response belongs to that thread, the originating group or the room.
The second look
See where diligence is deepening.
A room open is not the same as a partner returning to the model. Keep viewers, sessions, pages seen, longest attention and return visits separate, so the process does not collapse into one blended engagement number.
Named diligence analytics
Know who examined what, and whether they came back.
Read the activity at the individual, session and material level. Page detail appears for page-rendered materials, while every supported material still keeps its viewer and session history.
Room analytics · Stakeholder viewPerson · Session · Material
Operator · Shared round stateEvidence and open work together
RoundOS
Committed$4.2M
Soft-circled$2.8M
Active funds65
Days to close74
Pipeline
Selected37
Designer Fund
Prepare positioning before outreach.
ColdToday
Sequoia Capital
No next action set.
Cold—
Outreach18
Unusual Ventures
Nudge connector for status.
Warm4d
Conviction
Wait two days, then follow up.
Warm1d
Conversation5
Greylock
Ask about partner walkthrough.
Warm8d
Homebrew
Next action generated from call.
WarmToday
Diligence3
First Round
Send customer proof packet.
HotToday
Bessemer
Weekly usage view prepared.
HotThu
One round state
The founder, co-founder and finance lead see the same process.
Room activity, replies, meetings, waiting state and open work remain attached to the investor opportunity. The team can inspect the same evidence without reconstructing it in another status tracker.
Series A diligence playbook
Four rules that keep the process coherent.
Institutional depth should add evidence, not multiply versions of the truth.
Set the normal access path once.
Use room-local groups for recurring stakeholder patterns and explicit exceptions where needed.
Keep questions with their source.
Material and page context prevent the same diligence question from being answered twice.
Read engagement individually.
An associate session and a partner return are separate signals inside the same fund.
Update the room, not every thread.
Existing links continue into the current material and preserve the version history.
Questions
Series A diligence, answered.
01How is this different from the room I used at seed?
It is the same product with more structure: deeper sections, room-local access groups, more named stakeholders, heavier use of Q&A and version history, and a shared operating state around the room.
02Can I control what each stakeholder sees?
Yes. Set group access, apply individual exceptions, protect entry with the gates the process needs and revoke a link when the conversation ends.
03Are associate, partner and counsel special roles?
No. They are examples of access-group names a team may create for its own process. The room enforces the permissions assigned to the group.
04Does Q&A replace email?
It keeps diligence questions tied to the room, material or rendered page that created them. Scheduling and relationship conversations can continue through the connected tools the team already uses.
05How are multiple people from one fund tracked?
Each stakeholder can receive a tracked link, so their sessions remain separate while still belonging to the same investor opportunity.
Keep the narrative intact
Run deep diligence while the round stays legible.
One structured room, named stakeholder context and a shared next move across the team.
Data Room free forever. Operator from $99/month.