Investor Updates

“I feel like investor updates with a lot of words and no metrics. Oh yeah, those are bad. Those are bad. And actually like, no investor updates is fine. Like you didn't have to send me. Yeah, yeah, exactly. Yeah, no with either very good or very bad. Yeah. met…”

“And you can treat it like a checkbox and send out a monthly letter or a quarterly letter that, you know, includes the balance sheet and the income statement. But if you treat it like a checkbox, your investors are going to treat it like a checkbox and they're …”

“One of them is to send an investor updates every month. Because accountability really matters. Having someone else looking, looking at this every month actually forces you to be more accountable.”

“Those three numbers, revenue, burn rate, and runway are absolutely crucial to include. And if they're not at the top of your investor updates, honestly, I always assume this founder has something to hide.”

“I believe that founders are better operators when they write investor updates. It is so incredibly easy to get stuck in the weeds just doing, doing, doing when you're running a business, especially in the early days, and the act of writing recurring investor u…”

“Don't include more than three asks. Beyond that, people don't have a sense of what's important.”

“I think if you don't send the updates, then you're halved in terms of re-commitments for next round.”

“I think that updates that are more frequent will actually be more transparent, will actually be more useful. It'll be more easy to read, be easier to write. It'll get more interaction between the investors and the founder.”

“If you're one of your companies stop sending their updates for a bit that company is about to die or they're on their way to dying and they go into a shell”

“You know, for us, everything is, is rendered directly first and foremost in email. And that's kind of our baseline, right? So if someone if you're sending email anyways, people can forward around. So it's really up to kind of you and your investor and making s…”

“Some of the best investor updates I see are in a monthly cadence. They really kind of keep it on a rigid schedule and they have the key numbers. They have the trends around those numbers and they have the goals. They also have the highlights and lowlights arou…”

“And at the end of the day, how can someone be helpful if they don't know the full picture, right? So I think if you're not starting from the initial view of I'm going to be honest, transparent, say actual problems, then you've like already failed.”

“The best scalable way I've seen to leverage your cap table is sending out, whether it's monthly or quarterly updates, and putting your explicit top two or three asks at the beginning of that email.”

“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…”

“The top section should be what are your asks from your investors? Or investors and advisors, or whoever you're sending it to. So it's very clear immediately how they can help. So if they don't read anything else, if they just open the email, they'll see that, …”

“The truth of your business, the facts of your business, those things are critical, but just as important are the surrounding stories around what's happening within the business.”