Techstars Minimum Viable Update

By Jens Lapinski - Techstars

Hi Investors,

Last month we burned through [$X]. We are on track to turn cash flow positive before [Date]. We will decide over the next [X] months whether we need a little bit of extra cash for working capital purposes or not.

Key Metrics:
Financial Overview
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Cash on hand and months of runway
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There were no key changes last month. We are interviewing for [Position(s)] and should have offer(s) out by [Date].

Key Problems:
  1. We have some problems with [Product Initiative]. We are lacking experience in [X]. Can you recommend a [Mentor/Partner/etc.] to come in and help (this can be a paid coaching position)?
  2. I have been approached by a VC who wants to potentially pre-empt a [Series X]. How do I best deal with this?
  3. We have lost 2 important [customers/potential customers] due to [X]. Can any of you spare some time to talk through our positioning statements and sales process?
  4. I am worried that [key competitor X] has just closed a [$X Round] (see here for more info), how shall we best deal with this (if at all)?

Many thanks,