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Modern software for raising capital - over $17B raised
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Nick Haase

Investor Updater - Simple, beautiful workflow tools for investor updates

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Real Talk With Carlos Gil Episode 7 – What’s Next For Social Media Storytelling
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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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Edward Marks
Looks great! Congrats on the progress!
Chris D
Does it track views, as in, can I confirm who has read it?
nathan beckord
Maker
@chrisgeniusly Hi Chris, yes there is the option to "mark report as private" and require the recipient to enter their email to view it. This is how we currently track who has read it.
Steve Bennet
I sure as hell hope all of my portfolio company CEOs start using this tool. With dozens of active angel investments, it is really hard to keep up with updates. Being able to access the latest info at my convenience would be great. It's also got to make life easier for founders to not have to respond to a bunch of pesky emails from investors. (Full disclosure: I'm an investor in FounderSuite and know Nathan will be using the investor updated religiously).
nathan beckord
Maker
@professorvc Hi Steve! Yes, exactly. That's the plan. And stay tuned...we will be announcing a product to help you keep on top of multiple portfolio companies simultaneously.
Fred H.
@sailornathan do you guys have an API?
nathan beckord
Maker
@fredlumiere Hi Frederic, we do not at this time, but will likely add one this year. What kind of use case or data feed are you thinking? Would love to hear...
Fred H.
@sailornathan Well many potential use cases. Gathering CRM, Performance Metrics, LinkedIn, Crunchbase, Proudcthunt info into the platform for instance. I've added it in our catalog: https://apiant.com/?app=founders... and if we get any custom requests, I'll forward them to you. Should help you decide what kind of endpoints to develop in your API to start with. Seems like a really great set of tools!
Brian R Marks
Such a much needed tool. Great work @sailornathan and team.
nathan beckord
Maker
@brianrmarks Thanks Brian! Always appreciate the kind words.
Arlo Gilbert
Similar to AngelSpan
nathan beckord
Maker
@arlogilbert Hi Arlo, I haven't used that product; care to elaborate?
Adam Lieb
Looks great! I think I was one of the first few alpha? users of FoundSuite. I've tried something LIKE this before for investor updates and has one major problem. Investors (by-and-large) don't want to be on-boarded to some new platform just to receive an update. They want to get the information as fast as possible with the least amount of overhead. Your layout + structure is compelling. It looks like it would have me a bunch of time and let me present something beautiful + consistent. Big Q for you. Are you planning any export or email functionality? I can obviously take a screenshot of the report now, but I'd call that less than ideal. Anything that requires my investors to leave their email is a dealbreaker for me. Would love your thoughts! Great work on continuing to innovate in this space. @sailornathan
nathan beckord
Maker
@adamslieb Hi Adam, yes I remember you from waaaay back! Hello again! :) So, to your first point, investors do not need to create an account or on-board to receive the founder's update. The investor simply receives a custom URL to click (though if he/she wants, the founder can "make it private" and require the investor to enter an email address).
nathan beckord
Maker
@adamslieb Having said that, we are creating a (separate) structure for investors to be able to cluster all their companies and all the updates in one central hub.
nathan beckord
Maker
@adamslieb Regarding your second question about exporting...if we can get away with NOT having export (for example to a PDF), we feel that's better for all parties involved. Part of our vision is that the end-to-end process will be hosted online and the report is "dynamic" and can be controlled, edited or updated by the founder, vs. a PDF or slide deck that is out of your control once you attach it and hit send. Keeping it online also enables future features like an investor-to-founder Q&A and investor leaderboard and other interactive features. But realistically, we may need to add export simply because some people want it (just like some people still like to print and file copes of their bills, for example :)
Adam Lieb
@sailornathan makes sense. I agree completely and would prefer everything to be on web. I just struggle to get people to click links and 'check new things out' that are outside their typical flow. Not just an investor problem, sort of an internet user problem. Either way very cool, I definitely want to check it out.
Nina Tumanishvili
Absolutely brilliant!! I think I'll be getting a lot of use of this. Also very handy to have an Investor directory on there.
nathan beckord
Maker
@ninachino Hey, thanks Nina! Glad you like it. Over time you will see more integration between the database/directory, the CRM, and the update tools.
Dan Driscoll
Really love this product, Nathan and his team are fantastic and this saves so much headache for founders
nathan beckord
Maker
@dbdriscoll Dan, blushing :) Thanks for the kind words, always nice to hear.
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