Investor Updates | Hacker News Reader

Investor Updates

aaronkharris.com

31 pointsBrajeshwar5 comments

Great post Aaron, but I disagree with that piece:

     [...] the best founders would write good and frequent updates because
    it reflects their own processes and attention to metrics and consistent 
    growth.

I don't think the correlation is between "best founders" and "frequent updates". I think the correlation is between "successful startup" and "frequent updates".

When your company is doing well, you are happy to report about it. On the contrary when founders feel that their startup is going down, most of them dig a hole and hide there, hoping somehow to resurface when their issues will be solved (which is not of course what we should do... but we do it...).

Thanks!

But that's exactly the point. Sending the updates when things are going badly is hugely important. That's when you may need help the most.

I think having the toughness to hit send in those situations is a real mark of being tough in other situations, which is what you want.

I did not understand the following points.

  * Make requests of your investors after you report your key metrics. (What kind of requests ?) 
  * Put the asks higher up so that the investors defintely see them (What does asks mean here ?)

The requests change depending on what you need. You may need help hiring or with a key introduction. Whatever it is, you need to ask in order to get it.

The "asks" are the requests.

Thanks :)

Reply on news.ycombinator.com