Underscore VC’s Board and Investor Update Template
Seed Template (Option 2)
Hope you're having a great summer so far. Here’s our monthly investor update.
But first, how you can help:
Does anyone know a good PR consultant? The holidays will be an awesome opportunity to get our message out to the media and other outlets that will be covering this.
Closed our first 4-figure MRR / $35k ARR customer.
We hired our first full-time Marketing Manager. [Name] comes to us from [Company] and starts this month.
We’re now winning deals against major competitors (including [Competitor], [Competitor], and [Competitor]), onboarding larger brands such as [Brand] and won over a few previously churned customers last month. This signifies the investments we’ve made across product, sales, and support these last few months.
New sales bookings (% of target for month or quarter)
We announced integrations with [Product/Company] and [Product/Company].
Launched a beta of our [Product Feature].
Expanded carrier support for numerous carriers throughout South America and Europe.
Built integration with XYZ (not yet announced).
MRR was a bit flat in July despite having a strong month in net new customers as we’re recovering a bit from last month's churn and there’s a lag in reporting usage-based revenue, which will reflect in future months.
We’re continuing to focus on:
Building a great [Product] and officially rolling it out to all customers.
Onboarding Marketing Manager - step on the growth pedal and prepare content and marketing campaigns ahead of [Event].