šŸš€ Write Better Investor Updates šŸš€

Founders, investor updates are a low-cost, high-impact fundraising tool!

Investor updates are essential for keeping your startup top-of-mind with VCs.

Founders can nurture months or years-long VC relationships with updates.

But beware:
An unfocused, poorly written update can reflect the fact that a founder is
thinking about the wrong things.

To write better investor updates, take these tips from YCombinator partner Aaron
Harris (early backer of Airtable, Gingko, Podium):

šŸ”¹ Develop a consistent content strategy:
-Report growth (in revenue or users), your cash/burn, and one other qualitative
-Include Key Wins and any major milestones (or setbacks).

šŸ”¹ Ask:
-Make requests What is one key challenge they can help you with?

šŸ”¹ Be consistent:
-Send monthly updates. Every month. Religiously.

šŸ”¹ Be brief:
-You want your investors to read the whole update. A few bullets per section is

Investors who follow your progress over several months are more primed to write
a check when the time comes to raise your next round.

Do you think it's worth it to develop graphics or is text alone enough?

Let me know what you think in the comments šŸ‘‡šŸ’¬
#venturecapital #founders #startups #fundraising