One more important takeaway for startups and investors.
❗️Zach Coelius: For us the quality of updates is No1 indicator of a startup success. If a startup founder is able to periodically provide meaningful updates to its investors (providing both ups and downs on its journey) it is a good sign for investors.
From my personal experience, I would say that in the best case only 1 out of 10 funded startups realizes how important it is to proactively share updates with its investors.
As a CEO of an Angel Network I am spending a solid time reaching out to startup founders and asking them to update their investors.
Food for thought for the fellow startup founders 🤔
❗️Zach Coelius: For us the quality of updates is No1 indicator of a startup success. If a startup founder is able to periodically provide meaningful updates to its investors (providing both ups and downs on its journey) it is a good sign for investors.
From my personal experience, I would say that in the best case only 1 out of 10 funded startups realizes how important it is to proactively share updates with its investors.
As a CEO of an Angel Network I am spending a solid time reaching out to startup founders and asking them to update their investors.
Food for thought for the fellow startup founders 🤔
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