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If you're a startup and you're not even growing 2X per year, and you're wondering if you're failing... yeah, you probably are. The interesting thing is the vast majority of those who are in that situation don't ask that question, and instead write VERY LONG investor updates.
Very long investor updates with a high ratio of words to numbers.
First this went wrong, then this went wrong. Then THIS went wrong!
Oh that would be amazing... but usually instead it's This went right, then this went right. WE'RE KILLING IT!
Totally true. And erratic updates, too. Not sent monthly, but ad hoc. And using different metrics every time to obscure trends.
Time to sense trouble - the business is now in an living dead zone. Majority number of startups fall in this category. No excitement, no dreams with no sense of achievement with the idea. Read more https://www.linkedin.com/pulse/living-dead-entrepreneurs-quitting-good-sanjay-mehta … #startups #founders #success #planb #pivot #change
Same thing with pitch decks - on your third round of funding and the entire deck is still all about describing the product? Then it’s usually a safe assumption that the traction numbers are bad.
Just put this as investor update “
”
Hahaha
That’s soo true @paulg
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