Foundersuite
Modern software for raising capital - over $17B raised
Start new thread
Nick Haase

Investor Updater - Simple, beautiful workflow tools for investor updates

by
Real Talk With Carlos Gil Episode 7 – What’s Next For Social Media Storytelling
•

Investor Updater is a tool to build monthly or quarterly progress reports to send to investors. Use it to build relationships with prospective investors, and to leverage and activate your existing investors. Research shows that founders who send regular updates have a 200% greater chance of raising your next round. Investor Updater makes you a pro.

Add a comment

Replies

Best
Jay Melone
Seems like Nathan and team have put yet another great tool out there for startups to take advantage of.
David Plonsky
This is clever. It looks way better than using email and I like that you can add attachments. Can investors interact or respond with the updates?
nathan beckord
Maker
@davidplonsky David, not at present. But interactivity is on the roadmap...one idea we had (maybe a bad one, not sure) is an interactive message board where investors can comment on the Update report and the CEO can respond. We also had an idea for a "leaderboard" of the most active, engaged investors. Would love to hear the Product Hunt community's opinion on these (or other) ideas.
Kevin Siskar
This is fantastic! Founder to investor communication is often under-rated, but time and time again I see it as one of the most effective ways to get the great help and support most startups need! Anything that makes that easier is a big win! Nice work @sailornathan
Mike Suprovici
This looks like an awesome addition to FounderSuite @sailornathan! Do investors need to create a Foundersuite account to access the update link?
nathan beckord
Maker
@msuprovici Hi Mike, no sir-- investors do not need to create an account to access the update. However, some founders may require the investor to enter their email to be able to view their report (this is at the option of the founder). Having said that, we are working on some tools for investors to better track their portfolios (pay attention, @ak_launchleader :) which will require account creation. But we can save that for a future Product Hunt post :)
john frankel
It's is crazy how difficult it is to see investor updated in one place. Just not possible without FounderSuite. Well done @Nathan in bringing your vision to fruition.
Andy Cook
Congrats on the launch. Big fan of FounderSuite's products. We used the Investor CRM to help us stay organized while raising almost $1M for Tettra.co. What really sold me was the AngelList integration. Made it super easy to add new investors to the pipeline with a quick search. Is there a sample investor update we can check out to see this product in action before signing up? Also, how did you come up with the template structure for the updates? I've seen quite a few different suggested structure so would love to hear the story about how you chose your sections to include the in the product.
nathan beckord
Maker
@andygcook Hey Andy! Congrats on the successful seed round-- super exciting. Here is a sample investor update: https://foundersuite.com/reports... This was made before we released the KPI builder feature (just last week), so it doesn't include that.
nathan beckord
Maker
@andygcook As for how we chose the template structure, it was a balancing act between including all the various report options vs. keeping it simple and clean. We tended toward the latter. In short, we read a ton of blogs, articles, etc on the subject and consulted with several VCs and angels on what they wanted to see in an update, and then put together the "minimal viable report" -- but with the flexibility to customize it around your own needs.
Mike Preuss
Glad to see more players in the space & tackling the problem!
nathan beckord
Maker
@mikepreuss Likewise, Mike! :)
Steve Chew
Nice job, Nathan and team. Staying on top of investor communications can be challenging. This new feature will be super helpful!
nathan beckord
Maker
@schew56 Thanks Steve. Yep, investor communications is usually ranked about last on the list of things that founders want to do :) But it's sort of like going to the gym-- it gets easier after the few few sessions, and you start to see results. One of my many "soapboxes" is that founders need to "put their investors to work" helping out, but that only happens if a) the investor knows what's going on in the company and b) the CEO specifically asks for help. Both can be improved with better communications flows.
Huan Ho
Awesome product and team. The FounderSuite tools and templates were a huge help when I was starting up my company. Highly recommend this to any startup/entrepreneur. Keep it up guys!
nathan beckord
Maker
@huan_ho thanks Huan, glad to see you are thriving :)
Spencer Fry
Cool tool. Back in May I wrote an article on how to write a perfect investor update: http://www.spencerfry.com/how-to...
nathan beckord
Maker
@spencerfry Good article! I like your process -- it's actionable -- and you get into some of the more nuanced "whys" of doing regular investor updates such as time for reflection (so rare in startup land) and team morale. Thanks for sharing! :)
Spencer Fry
@sailornathan Thanks, Nathan! It's all about the whys... :)
First
Previous
1234
Next
Last