Data Room & Diligence Submission
How to prepare your data room before submission
This stage evaluates whether your company can withstand investor diligence based on what you have already prepared.
You are not being asked what you plan to organise.
You are being asked what already exists, is documented, and can be verified.
Access to this submission is only provided after your Lions Den outcome.
How the submission works
You will:
confirm your company identity
upload core legal, financial, and commercial documents
answer structured questions about ownership, product control, and operations
demonstrate how your company is organised and governed
Your answers must match the documents you provide.
If your answers and uploaded materials do not align, the diagnostic cannot produce a reliable output and your submission may be rejected.
What you must prepare
This submission is structured exactly around the sections below.
1. Legal Structure & Company Documentation
You must be able to provide:
certificate of incorporation
shareholder agreement or cap table documentation
all executed investment agreements (SAFE, convertible notes, equity)
You will also need to confirm:
whether founder shares are properly issued
whether IP assignment agreements are signed
If these are missing or unclear, ownership and control risk increases immediately.
2. Financial Documentation
You must show:
historical financial statements (P&L, balance sheet, cash flow)
whether these are formal or internal
whether you have a financial model
whether your financials have been reviewed by an accountant
You will also upload:
financial statements
financial model (if available)
If your financials are incomplete or informal, this will be reflected in your output.
3. Revenue & Customer Validation
You must provide evidence of commercial activity where applicable:
customer contracts or agreements
proof of revenue (invoices, payment reports, exports)
whether revenue is contractual or usage-based
signed LOIs, pilots, or partnerships
This section is not about projections. It is about evidence.
4. Product & Technology Control
You must clearly show:
who owns the product codebase
where the code is hosted
whether third parties have control over critical components
any dependencies that could affect delivery
If ownership or control is unclear, this becomes a major risk factor.
5. Intellectual Property
You must confirm:
whether patents exist and provide details if they do
whether you rely on trade secrets
whether those trade secrets are documented and protected
Unstructured or undocumented IP reduces defensibility.
6. Governance & Operations
You must show how your company is run:
whether you produce regular reports
how frequently you report
whether you have a formal board or advisory structure
This is used to assess operational maturity.
7. Data Room Completeness
You must confirm:
whether you already have a structured data room
where it is hosted (Google Drive, Dropbox, Notion, etc.)
how complete and organised it is
This section reflects how ready you are for real investor diligence.
What this stage is actually testing
Investors are not reviewing your business idea here.
They are assessing:
whether your company is legally structured correctly
whether ownership is clear and defensible
whether financial information exists and is usable
whether revenue is real and evidenced
whether your product is controlled by your company
whether your company can pass diligence without delay
If these are not in place, investor processes stall or fail.
What typically goes wrong
Most companies fail this stage because:
documents are missing or incomplete
cap tables are unclear or inconsistent
IP ownership is not formalised
financials are informal or not maintained
revenue cannot be verified
no structured data room exists
information is spread across multiple locations
This stage exposes those gaps directly.
What to do before accessing the form
Before starting this submission:
gather all required documents into one location
ensure ownership and agreements are clearly documented
verify that financials match your actual performance
confirm that all uploaded materials are current
You are not preparing for the form.
You are preparing for investor scrutiny.
Where this fits in your journey
You will access this submission after:
completing Lions Den
receiving your outcome
receiving your submission links
At that point, your data room is assessed and converted into a structured report.
Next step
Return to your onboarding flow and proceed once your Lions Den outcome has been received.