Precursor Ventures says investors devalue free information and rarely invest just from reading updates, but often help after reading them. Founder updates work best for building a support system of people who care, not for converting passive readers into investors.
I've sort of stopped sharing this take with people, but I'll share it here. I think in general, investors have a hard time valuing information that they get for free. I think in general, I get a piece of information for free. I'm used to having to work to get information from companies. I'm not already an investor. And so I told someone this a few years ago. I can't think of very many, if any, companies I've invested in because they've kept me on their update list. I can think of plenty of companies I've helped. Yeah. Where I've read and been like, oh, you need an introduction to that person. And so I think if your goal is to build your support support system and the ecosystem of people who care about your company, it's great.
