The Visible team was fortunate enough to give a seminar on investor updates to the 2017 Techstars Chicago class today. It was great getting to synthesize our key learnings from the past two years to create a great dialogue with an engaged group of entrepreneurs.
You can find the investor updates presentation below as well as some key takeaways.
Key Takeaways for Investor Updates
- Companies that provide regular investor updates are 200% more likely to receive follow on funding.
- Don’t be scared to share bad news. You are not alone even though it might feel like it.
- Build a cadence and keep updates succinct as well as comparable
- Just do it! Get feedback and iterate.
Always Include These Items in Your Investor Updates
- Cash, burn and runway
- Use comparable metrics
- Make specific asks