We introduce to you Lab Member, Nicholas Watson from Ruby Datum. Ruby Datum is a pioneering Virtual Data Room platform with a strong emphasis on user experience. Breaking the mould of the usual cumbersome API's and documentation often found around Virtual Data Rooms, Ruby Datum takes a fresh approach by assigning dedicated developers to clients. With plenty of automation and unrivalled speed, Ruby Datum is quickly gaining the recognition it deserves amongst Law Firms both small and large.
Your favorite quote?
"Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!"
- Hunter S. Thompson
Advice to an entrepreneur starting out?
Don't just dive at the low-hanging fruit without careful consideration and market research.
Your favorite entrepreneur?
What is your company’s mission?
To make LawTech that people don't just find easy to use, but enjoy.
How did you start off and when?
We launched May 2016, but have years of experience creating bespoke LawTech including Virtual Data Rooms for over 15 years.
Where is Ruby Datum at in the business journey now?
We have a number of clients, incredibly resilient infrastructure and have landed 2 top 100 law firms, with discussions well on the way for more. We're always improving our offerings with a very strong core value to never clutter the platform.
How has Eagle Labs supported you?
Through constantly listening to feedback and improving. Hosting our LawTech London events, making introductions to their key partners but most importantly, providing an energetic environment.
What has been the biggest impact the Lab has had on your company?
Bringing like-minded companies together.
What does the future hold for your company – what are your plans? What’s the next big challenge?
More automation, more integration, more partnerships.
As an Entrepreneur what tips do you have for entrepreneurs starting out on their journey?
- Know your market inside-out and who the key decision makers are (and probably more importantly, key influencers - those using your product)
- Understand and review all your contracts, especially with your key suppliers
- Don't prioritise the 'fun' things, just because you enjoy them more (or at least, exercise discipline)
- Don't build more unless you have demand (one client saying they may sign if you implement x feature is usually not enough - focus on delivering for the strong leads and more importantly, existing clients)