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What I Learned Reading 1k Investor Reports

collabfund.com

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Re: What I Learned Reading 1k Investor Reports

#4
I've been experimenting with a few different formats. Think the best updates don't take longer than a few hours to write because they should have been in the making for the whole time. It's like "closing the books".

Need to wrap our next update. Think I'll start with this format.

Re: What I Learned Reading 1k Investor Reports

#7
The virtue-signaling in this article is pretty intense. It's like somebody tested all the burritos in Silicon Valley and wanted to remind founders to wrap their burritos in foil and serve them warm. I mean, I'm sure there are founders who absent-mindedly deliver burrito bowls or the occasional tacos two days late. But near the end:

> Never miss a date. (bold) The rigor of this commitment will have an outsized effect on your ability to manage the business and engage your investors to help you. > in his experience, founders who cc their entire investor list have proven to be more successful than those who don’t.

Translation: Please be prompt in generating high-quality reports, no matter if the news is good or bad. As an investor, I need to know as soon as possible if I'm going to need to sell for a loss, or if it's time to flip for a gain. I know what is best for my capital.

Also, whenever I tell you a story that has clear survivorship bias, I am reminding you that my favorite founders are those who listen and tell me thanks for the very constructive feedback.

Re: What I Learned Reading 1k Investor Reports

#8
I quite like the inclusion of the help needed section. I work for a publicly traded company so I don't know if it has much application for our size, but for a pre-IPO company it seems like a great opportunity to leverage the skills of their smaller investor base.

I also like the transparency of sharing it with ALL investors, and would add that it needs to be shared with all employees as well. Our publicly traded company is in the midst of an acquisition and a lot of detail has been shared with our investors. The issue is that most employees are not signed up to our investor alerts or monitoring SEC filings. It has resulted in some employees remarking that they felt left in the dark by leadership because they hear about acquisition details from the press (who pay attention to IR and SEC docs) instead of their own company leaders.

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