Startup Beat
Global pre-seed startup accelerator and support organization Founder Institute (FI) has released its Investor Update for startups.
The resource includes an easy to use template that lets you write a consistent and useful investor update in 5 minutes or less.
According the accelerator, the ideal investor update is a short email from the CEO, with a simple subject that includes the company name and timeframe. It should be delivered in plain text and without graphics.
Founder Institute CEO Adeo Ressi
Said Founder Institute CEO Adeo Ressi, “For as long as I can remember, producing investor updates has been time consuming and difficult for entrepreneurs.”Reading them is no better for investors. We needed a better way.”
Investor updates need to be sent out at least once every month for the first 24 to 36 months. The ideal frequency is either every two or every four weeks. Not sending updates or sporadically inconsistently
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