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The virtue-signaling in this article is pretty intense. It's like somebody tested all the burritos in Silicon Valley and wanted to remind founders to wrap thei
by choppaface 4y ago
The virtue-signaling in this article is pretty intense. It's like somebody tested all the burritos in Silicon Valley and wanted to remind founders to wrap their burritos in foil and serve them warm. I mean, I'm sure there are founders who absent-mindedly deliver burrito bowls or the occasional tacos two days late. But near the end:
> Never miss a date. (bold) The rigor of this commitment will have an outsized effect on your ability to manage the business and engage your investors to help you.
> in his experience, founders who cc their entire investor list have proven to be more successful than those who don’t.
Translation: Please be prompt in generating high-quality reports, no matter if the news is good or bad. As an investor, I need to know as soon as possible if I'm going to need to sell for a loss, or if it's time to flip for a gain. I know what is best for my capital.
Also, whenever I tell you a story that has clear survivorship bias, I am reminding you that my favorite founders are those who listen and tell me thanks for the very constructive feedback.
- Oras 4y agoWhat is high quality in these few lines? I found it quite clear to follow, and it has value not just for investors but for founders, too. They are learning to summarize their month in a few clear lines. Isn't that the basics of communication?
- choppaface 4y agoIt’s about investors hiding the consequences that are not visible to founders and/or whoever does not have access to these reports. Should all founders be capable of these reports? Yeah! I bet most non-founder employees could even write them too (and in fact do in most cases).