Founders say investors ignore their updates. Precursor Ventures counters that investors care most about runway and burn rate, and offers a template to help founders focus on what actually matters.
There's one other reason that founders I've talked to have stopped writing them is that some of them said, I get nothing back from my investors. I send them. I don't even get an acknowledgement that they read it. I'm yelling into a void. I'd probably stop sending them, too, if no one was even acknowledging receipts. So that's part of it, I think. You know, we have our own template for people who want one. I think at the end of the day, as an investor, I want to know, how much Runway do you have? How much cash are you burning? Because everything else in the update I tend to view through the lens of, like, is this a company that's default okay or a company that's, like, in trouble?