Most investors eventually ask founders to send monthly email updates. These updates can seem like a tedious task, akin to your parents asking you to call them every week when you go to off to college. Since founders are busy and writing takes time, it’s tempting to skip updates and hope no one makes a fuss. Besides, monthly check-ins only benefit investors, right? Wrong. Almost every founder that I’ve talked to finds the act of writing updates valuable, often to their surprise. Here are some of the key benefits of sending updates, from most obvious to most subtle:
Do Founders Get Value from Investor Updates?
Do Founders Get Value from Investor Updates?
Do Founders Get Value from Investor Updates?
Most investors eventually ask founders to send monthly email updates. These updates can seem like a tedious task, akin to your parents asking you to call them every week when you go to off to college. Since founders are busy and writing takes time, it’s tempting to skip updates and hope no one makes a fuss. Besides, monthly check-ins only benefit investors, right? Wrong. Almost every founder that I’ve talked to finds the act of writing updates valuable, often to their surprise. Here are some of the key benefits of sending updates, from most obvious to most subtle: