Investor Updater

Simple, beautiful workflow tools for investor updates

#3 Product of the DayDecember 21, 2016

Investor Updater is a tool to build monthly or quarterly progress reports to send to investors. Use it to build relationships with prospective investors, and to leverage and activate your existing investors. Research shows that founders who send regular updates have a 200% greater chance of raising your next round. Investor Updater makes you a pro.

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nathan beckord
Maker
Hiring
@sailornathan · CEO, Foundersuite
Big thanks to @nickatloot for hunting us! Investor Updater helps founders create beautiful progress reports to send to investors. The idea came from our users. We launched our first product, Investor CRM back in March, and since then, 2k+ startups have used it to improve their fundraising workflow. For these users, either: i) they raised money and thus needed to start reporting progress to their new VC overlords, or: ii) they were told “too early, but keep in touch” and they needed to start sending periodic updates. Diving in, we found that the investor updates / reporting / relations space was a really inefficient and broken corner of the startup landscape. Founders didn’t know what info to send, and investors were dealing with info spread across their inbox, Google drive, Dropbox and half a dozen other sites in half a dozen formats. It was (and is) a mess. With Investor Updater, we are taking a shot across the bow to clean it up, standardize the process, and make life easier for all parties involved. That’s our mission — to improve startup-to-investor relations. Happy to answer any questions, and I would love your feedback, ideas, suggestions. Thanks guys! Nathan ps for those of you who would like a longer overview, I posted more about our story on Medium: https://medium.com/@foundersuite... pps: if you login as a first-time Foundersuite user, the default view is our Investor CRM product. To get to the Investor Updater, click the navigation bar on the left side. :)
Ariel Assaraf@arielassaraf · Co-founder & CPO - Coralogix
I did a little search and was amazed to see that there aren't too many tools like this. super useful and right on time (1 week before a board meeting :D )
nathan beckord
Maker
Hiring
@sailornathan · CEO, Foundersuite
@arielassaraf Thanks! Yeah, we realized that too. If you're a publicly-traded company, there are several investor relations software platforms, but not many exist for startups & privately-helf companies. Investor reporting is a market ripe for improvement via software. Good luck with your board meeting-- DM me if you need a board deck, agenda, minutes template, etc :)
Ariel Assaraf@arielassaraf · Co-founder & CPO - Coralogix
@sailornathan be careful with what you say there :)
nathan beckord
Maker
Hiring
@sailornathan · CEO, Foundersuite
@arielassaraf all good! hit me up if you need any of those docs: nathan@foundersuite.com
Clara Beate Malm@clarabeate · Marketer
I can really see the value of this, these processes do indeed get quite messy sometimes. Good job guys!
nathan beckord
Maker
Hiring
@sailornathan · CEO, Foundersuite
@clarabeate Hi Clara, totally agree. We are "process junkies"... even though fundraising and investor relations is not rocket science, it can be confusing and anxiety-ridden (especially for first-time CEOs). But both activities can be broken down into actionable steps with software. This product is baby steps in that direction.
Mikael Kristianslund@mikaelkrist · Designer
This looks awesome! 👏👌
nathan beckord
Maker
Hiring
@sailornathan · CEO, Foundersuite
@mikaelkrist why thank you very much! :) We put a lot of work into NOT adding bells and whistles, and instead keeping it super-simple and flexible.
Pascal Wagner@pascal_wagner
@mikaelkrist I definitely agree!
McQuillan Shane@mcquillan_shane · Founder Trusted In Trading
excellent, well done indeed