Why Virtual Data Rooms are the Spotify of Finance

Virtual Data Rooms are hot and doable. Yes, if you’re not describing your document sharing platform like it’s a person, you’re not as hip as you think. Experiencing deals from start to finish is just like streaming music from Spotify: It’s simple, easy, and dare we say it, nerdy fun! No need to play Somewhere Over the Rainbow to see that you’re not in Kansas anymore. So, say goodbye to those CDs circa 1976, and say hello to the modern way to do finance. Here’s why Virtual Data rooms are the Spotify of finance:

1. They Bring You Business

The good news is that you don’t need Boyz II Men streaming on your Spotify to get business today (but hey, we won’t judge you if you’re all about those slow jams). The streaming economy is here, and just as you have access to millions of songs through Spotify, you can access millions of deals through your Virtual Data Room.

Business is all about relationships, and when you make sure that the right people see your super secret documents at the right time, you’ll get action.

2. They’re inexpensive and instant

The Baby Boomer generation believes that better tech is expensive, mostly because they love stuff…stuff! They’re clinging to their files and CDs. But everybody knows that the action is in streaming. As George Carlin said best, “Everybody’s gotta have a little place for their stuff. That’s all life is about. Trying to find a place for your stuff.”

Well, we hate to break it to you sugar pie honey bunch – but the Baby Boomer days are over. And if you’re living for the days of yore, the world will pass you by.

Technology has evolved so that everything is always available when we want it. You can now do things (that used to cost lots of money) for free. We don’t like to name names, but we know some folks who pay over $200,000 a year on data rooms when they could get it for much cheaper.

Spending money on virtual data rooms is like paying to see the box-office hit. No one else is watching yet you feel the need to keep going to stay current.

Here’s the thing: Streaming services like Netflix, Hulu, Amazon, have allowed modern day culture to fall out of love with the movies. When you can get everything instantly, you don’t care about overhyped Hollywood movies.

Spotify makes it easy to find the right music for every moment – on your phone, your computer, and your tablet. Just like Spotify gives you instant access to millions of songs for free, you can check out a virtual data room instantly during a 14-day free trial.

3. All of the cool kids are using it

If you’re a part of the Baby Boomer Generation, you probably want to hear what’s familiar and usual, which can make you a bit out of touch with the cool kids these days. But the kids are the ones who come up with unconventional ideas. And while streaming services and seamlessly sharing files are no longer regarded as “unusual,” it’s an unconventional way to do business. But it’s often the path to prosperity.

When it comes to doing business online, you need to make sure that you’re using software that’s safe and reliable – even better if it allows you to store files in a decentralized platform. Alternatives to traditional centralized cloud storage are all the rage, and we’re excited to collaborate with the cool kids of Storj Labs.

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