How to Write a Monthly Update (Hint: Use Numbers)

This a very basis yet effective monthly update to follow with anything you are working on.

Mike Collett

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I’ve alluded to the importance of data before (“Results Always Win,” “Tackle the Hard Stuff Head On”), but at Promus Ventures we continually see entrepreneurs sending decks and updates full of verbiage but lacking substantial numbers.  Data should be front and center in any update or pitch, and in copious amounts. 

Paul Graham hit on this exactly in a tweet last week:

The more data that can be sent to those around the table, the more efficient key investors and advisors can be in helping/connecting and not wasting founding teams’ time getting up to speed on progress.

Don’t be afraid of showing data to trusted insiders, no matter how bad it may look at the time.  For example, some…

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Just Getting Started

This is very new to me but i wanted to learn more about writing a blog and using blogs for commercial use as well so as part of my New Year resolution I made a personal commitment to dive head first into the whole process. I’m not sure where it will lead me and what personal satisfaction will be gained  but I am excited about the possibilities!