Mathilde Collin, CEO of Front, outlines rules for founder investor updates during an interview on 20VC.
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“The first one is you should choose the metrics that you will track and you should not change them. Too often I've seen entrepreneurs For example, track revenue, and then maybe revenue is not going as well as expected, so all of a sudden we'll switch to DAUs because DAUs is going better. I think that's the wrong thing to do. So pick a metric and make sure it grows, and I have no excuse for this metric not to grow, and if it doesn't grow, just be very transparent about the fact that it's not growing, and just show what you're doing in order for this metric to grow.”
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More from Mathilde Collin
Disclosure
Collin Understated Front's MRR to VCs to Guarantee Growth Later
“I always talked about the one that was the best, but also I always said that, so let's, let's say I was at 30 KMR. I would say we're at 20 KMR. So I would always give a number that's below so that, you know, if I raise it in two months and for some reason thin…”
Mathilde CollinMay 24, 2019▶ 21:1420VC: Front's Mathilde Collin on Why Discipline Is More Important Than Vision, The Right Way To Approach Investor Updates and Director Reports & How To Effectively Structure 1-1s
Insight
Collin: VCs Should Weight Founder Execution at 90% and Vision at 10%
“I think, you know, you can put a 10% weight, that's important, but 90% should be, okay, now how confident I am that the person can execute on this brand vision, because it's super easy to say, this is how big my company could be, and this is insanely hard to m…”
Mathilde CollinMay 24, 2019▶ 6:4220VC: Front's Mathilde Collin on Why Discipline Is More Important Than Vision, The Right Way To Approach Investor Updates and Director Reports & How To Effectively Structure 1-1s
Insight
Collin: Employee engagement stems from trust and transparency, not relentless good news
“So I think there is some misconception about engagement being created by the energy of announcing good news versus engagement created by the trust and the transparency and the context that you will give to your employees.”
Mathilde CollinMay 24, 2019▶ 16:4220VC: Front's Mathilde Collin on Why Discipline Is More Important Than Vision, The Right Way To Approach Investor Updates and Director Reports & How To Effectively Structure 1-1s
AssertionNot checkable as stated
Collin: Evaluating enough candidates naturally yields a 50/50 gender ratio
“If you, let's take, for example, women versus men, if you spend the time to evaluate a lot of people, you should end up with fifty-fifty. If you don't, then you will probably not end up with that ratio.”
Mathilde CollinMay 24, 2019▶ 27:0620VC: Front's Mathilde Collin on Why Discipline Is More Important Than Vision, The Right Way To Approach Investor Updates and Director Reports & How To Effectively Structure 1-1s
Insight
Collin: Early-Stage Startups Don't Need a Grand Vision From Day One
“I actually think it doesn't matter if you don't have a grand vision from day one, because as soon as you know that you're operating in a market that could be huge, then you'll have all the time you need to figure out what will be step two, step three, and then…”
Mathilde CollinMay 24, 2019▶ 5:4220VC: Front's Mathilde Collin on Why Discipline Is More Important Than Vision, The Right Way To Approach Investor Updates and Director Reports & How To Effectively Structure 1-1s
Insight
Collin: Founders who send consistent investor updates make faster progress
“And I quickly noticed that the entrepreneurs who were sending the updates in the same format as At the same time of the whatever month, week or quarter were people that were making more progress than the people that would change the format all the time. Someti…”
Mathilde CollinMay 24, 2019▶ 8:1120VC: Front's Mathilde Collin on Why Discipline Is More Important Than Vision, The Right Way To Approach Investor Updates and Director Reports & How To Effectively Structure 1-1s
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