Comments on: Why Investor Updates Are Important (Even If You Don’t Have Investors)

By: KuH

KuH — Sun, 27 Jul 2014 15:01:06 +0000

Agree completely. That’s the whole basis of our company, VentureLynx.com (reporting as one of 10 modules, and 9 more modules to make your operations social, so that sharing – at the depth the receiver is interested in – is ongoing not just something you do once a quarter).

By: Scott Welch

Scott Welch — Sat, 26 Jul 2014 15:36:28 +0000

Alex,

Just discovered your blog a few days ago. This is excellent! I work as a project manager, so keeping everyone in the loop about all the different piece is challenging. I hope to glean as much as possible from your writings.

By: Gaurav Chandra

Gaurav Chandra — Fri, 25 Jul 2014 04:32:39 +0000

Great read. Definitely bookmarked. Even though I don’t have investors I will follow this practice. Thanks, Alex for the post.

By: baadiersydow

baadiersydow — Thu, 24 Jul 2014 16:58:37 +0000

Firstly, I think this is my first post here and I’ve been a reader since I first saw your journey to $100k posted on HN.

I’m completely self funded and dont have investors to report to but I still found that the post resonated with me.

I believe that their is actually merit to putting together a report of this nature every quarter even if you are self funded as it keeps you focused on what is truly happening in your business.

It is really easy to get distracted with everything around you. I should be holding myself accountable seeing as I am investing in myself.

Keep up the great work Alex. Its been inspiring following along on this journey with you.

By: Kyle Van Pelt

Kyle Van Pelt — Thu, 24 Jul 2014 16:25:17 +0000

Hey Alex-

Great stuff as usual. I have always thought that sending an update like this to your investors is the mark of an amazing entrepreneur.

I’m also a huge fan of CEO’s who send a weekly update to their team in a short e-mail.

When you’re running so hard at a startup it’s hard to be on the same page as everyone else, communication is always the answer.

How much time do you typically spend crafting this e-mail to your investors?

By: Spraak Conferencing

Spraak Conferencing — Thu, 24 Jul 2014 15:32:27 +0000

Great information Alex! As a new comer on your blog, this information has been extremely helpful. I update my partners on a weekly basis, in the same way you do your quarterlies, albeit different headings. (Highs, Lows, Updates) It has become an excellent way for me to keep organized and keep my partners involved in successes and issues.

Thanks!

Andy

By: Mart Shark

Mart Shark — Thu, 24 Jul 2014 15:20:49 +0000

A very interesting blog topic Alex, and with the usual takeaway for readers.

Just one comment about how you could improve the transparency of your investor updates: with the stats, include details of the change vs last month (in green or red as appropriate).

If you’re going to be open and honest, you might as well make tracking as easy as possible as well!

Mart

By: Tripzuki team

Tripzuki team — Thu, 24 Jul 2014 15:03:29 +0000

thanks Alex, I always read your posts.
I head a travel start-up (http://www.tripzuki.com/) based in India – which is pretty distant from what you do – but you always manage to touch on things that are applicable across all sorts of online businesses. More importantly you always give me ideas that I can take away and apply to my day-to-day. I’ll be writing a monthly report for our shareholders from now on!
Cheers!

By: Lars van Wieren

Lars van Wieren — Thu, 24 Jul 2014 14:58:38 +0000

Hi Alex,

Great read. At http://www.starred.com I update my investors every 3 weeks. The most important reason: It stops them from calling me every week to ask ‘What’s going on with my money?” It’s a pro-active way to save myself a lot of time 🙂

But once every 3 months sounds even better… Are they fine with that timeline? Or do they call you still often?