Why Modern M&A Requires a Virtual Data Room
The word “modern” is ubiquitous in pop culture today. Modern Family is on television and Modern Times is the IPA of choice at your hip, local hangout. We’ve explained why virtual data rooms are hot. But what exactly does document storage and a virtual room have to do with your next merger and acquisition? And why does the modern M&A now require an online dealroom to share data online?
Good thing you asked.
We love a good acronym, and the letters M & A are screaming for a solid explanation. Since Virtual Data Rooms stands for “Very Doable Relationships,” the ol’ M&A can now get a classy upgrade to something more fun too. While we understand that professionalism is important to you, having fun with words doesn’t make you less professional. Here’s why: Just as the M&A can allow enterprises to grow, shrink, and change the nature of their business, a new acronym can expand your mind to impact your bottom line.
Mergers and Acquisitions can simultaneous stand for: Money and Autonomy.
Look at how autonomous the guy in the above image looks. All he needs are striped socks and some circular graphs. Voila! Just like that, he’s ready to make money and he’s so very autonomous. Here’s why the modern M&A (and the modern, striped shirt wearing man) requires a virtual room:
1. Money is Evolving
Communications occur in a “confidentiality bubble” where NDA’s get signed, and the overall flow of information restricts what’s outlined in the “paperwork,” aka digital documents.
And that’s the thing with words: “Money” and “paperwork” have taken on new meanings today, because of technology. How do you keep track not just of the terminology, but your money?
You can start by replacing ABBA’s 1976 hit “Money, Money, Money” with the words “Crypto, Crypto, Crypto.” It may not have the same ring to it, but it’s the right word for the new world.
You already know that money is a medium of exchange. But did you know about the new kid on the block called cryptocurrency, whose entire foundation is decentralized? Cryptocurrency uses technology to secure its transactions and to verify the transfer of assets. While the traditional way to manage money is through old-school banks, the modern way to manage this new type of money is through a Blockchain wallet.
Conducting any business transaction without a virtual data room today is like putting all of your paper money in the middle of a busy street in Times Square. You can trust that some people won’t pick up your dollar bills, but you can’t trust everyone. Good thing you’re savvy, and you know how to store sensitive information.
Virtual data rooms allow you the ability to manage your digital transactions without worry. Plus, you can even store your files in a decentralized platform through Storj Labs, an alternative to centralized cloud storage.
The modern world requires new rules. And when you learn the new rules, you realize that…
2. Autonomy is Necessary
You don’t need banks or board rooms to make money. You’re autonomy dictates the new rules. You act independently and have the freedom to do what you want (like buy striped socks!) But how do you keep track of your digital documents (and quell your stripe addiction) when your business transactions happen all over the world?
You can either:
1) Buy more socks (always a good idea)
2) Check out a virtual room that allows you to harness your data when you’re traveling all over the world?
3) All of the above
The modern Merger & Acquisition doesn’t require you to fit into a boring box. With the right tools, you can travel the globe and seamlessly collaborate. In a world where you don’t know whether you’ll be in Berlin or Beijing, a Virtual Data Room enables you to securely share, protect, and track your business’s sensitive data.
Virtual Data Rooms improve your relationships and keep you sane, with the bonus that you’ll have more striped sock options.
Caplinked is your source for all things mergers and acquisitions, like the cutting edge merging of blockchain and VDR technology to create the securest possible data transactions!
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