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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