Communicating effectively with investors is an important job that any CEO faces.Given today's excitement over seed investing, it is not unusual to have 5 - 15 investors in any given round.
Thus, keeping everyone up-to-date but also knowing how to get help when needed and from whom, is a complex operation. If you do it right, they will give you major value add without taking up too much of your time.
When a new CEO for one of our portfolio companies was hired, we wanted to help him streamline information so that he would have time to run his business. We worked with him to put together a weekly email to provide us with the key metrics the company tracked along with departmental updates on key high priority projects. We weren't asking the company to create something they shouldn't already have (key metrics, departmental priorities, cash balance) but rather we just wanted the data shared on a timely basis.
To read the full, original article click on this link: This Is The One Document You Need To Get The Most From Your Investors
Author: Ed Sim
