Nick Haase

Investor Updater - Simple, beautiful workflow tools for investor updates

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.

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Kurt Akers
@sailornathan love this product and how easy it is to use. Way better than our excel sheets!
nathan beckord
@kakers1789 hi Kurt. Yep-- Spreadsheets and email are what we are aiming to (eventually) kill off. before starting Foundersuite I spent several years as interim CFO / finance guy at startups building investor lists and spreadsheets for tracking investors. Spreadsheets work fine for about a week and then become a sprawling mess.
Kurt Akers
@sailornathan agreed, we will be using investor updates where appropriate and excited for new additional features. Keep it up and Goodluck! Foundersuite is becoming an essential tool to the fundraising/management process for us.
Ashok Kamal
As a founder, I find this useful to organize my thoughts and process. As an angel running a group with a large portfolio, I love the idea of streamlining and normalizing our updates from companies. Investor updates are one of the overlooked but critical tasks running a startup. This reduces friction for both sides, freeing up time for getting back to building the company. Nice work!
nathan beckord
@ak_launchleader Thanks Ashok, preaching to the choir here :) I can foresee a day when updates are totally "normalized" (and maybe semi-automated) and folks will wonder how people ever did them back in the olden days...
Ashok Kamal
@sailornathan Semi-automated ... now I'm semi-salivating! ;)
Nicolai Wadstrom
Really like this idea, would like to get our portfolio companies to use something like this. Can you tell me how I would use it as an investor?
nathan beckord
@nicolaiwadstrom Hi Nicolai, a couple ways: i) you can be a "member" of each of your portfolio companies' Investor Boards, which allows you to add investor leads, tag yourself as connector, and in general help them work on their round; you can also toggle between your portfolio companies; and, ii) we have an alpha of an "Investor Dashboard" that will let you track all your companies in one place, see their funding status, and request progress updates.
nathan beckord
@nicolaiwadstrom That's what we have at present for investors, but we have a pretty robust game plan to improve the lives of both founders and investors. What would be on your "wish list?" :)
Derek Andersen
Great product and team. Well done on the release guys.
nathan beckord
@derekjandersen Thanks Derek! Your feedback has always been awesome and super useful!
Ida Marie Welle-Watne
How is this different than AngelList?
nathan beckord
@ida_marie_welle_watne Good, relevant question. AngelList is *awesome*- we've used it for hiring engineers, and we raised a chunk of our seed round on it. But I view it as more of a marketplace for finding investors and talent + workflows for syndicates and VCs to run their deals. Our focus, by contrast, is squarely on building workflow tools that help founders "get sh*t done" (esp. WRT fundraising and investor management). Same general space, different product and value props, IMO.
Ida Marie Welle-Watne
@sailornathan thanks Nathan, really helpful! I'll definitely check it out. Ps. love the design:)
Ingvild Karine Sandmo
This looks really cool, and I would like to try it! But, why is this better than sending an update by email?
nathan beckord
@ingvild_karine_sandmo Hi Ingvild, yes, do give it a try (it's free!) and share your thoughts. In brief, it looks a lot better than email (I get a lot of updates from startups I've advised or i'm involved with, and invariably they look disjointed and "messy"); plus the format is specifically built for the investor update purpose (but customizable). The KPI table is a nice add on, and you can track which investors have opened the link. Over time, as we build more interactivity and tracking features into the tool, having it hosted online (vs. sent in an email, which is static) will become increasingly important.
Nearlist
It's great to have a simple organized template that's easy to update and share with stakeholders.
nathan beckord
@nearlist Thanks! Simplicity = beauty IMO :)
ronsheridan
I've often envisioned the need for this product. I recently spoke to an IR manager who was in complete agreement of the need for startups to use this kind of tool. I have a FounderSuite account and will be trying it out. hope it's not too expensive to use :)
nathan beckord
@ronsheridan Hey Ron, thanks for the kind words. I would love to hear your feedback after you try it out (keep in mind this is basically V 1.0). It's definitely not too expensive, in fact it's FREE to create unlimited update reports and templates. Only certain features, like view tracking, are on the paid plan.
Sarah Cornwell
Love the look and feel
Dana Severson
Another great tool from FounderSuite solving a much needed pain point for most founders. Kudos, Nathan!
nathan beckord
@danerobert Thanks Dana! Just trying to make life easier for what is among the hardest jobs around :)