Ask HN: What's next, After I get funding?

3 pointsezrider442815y ago2 comments

Hypothetical situation.

I get funding from a VC firm like Battery Ventures or Kleiner Perkins Caufield & Byers somewhere in the range of $5 million.

What kind of reporting do i need to provide back to the investor? Just financial or key metrics? I am sure each investment company is different but i am just trying to understand what are the types of things VC's are looking for after they invest.

Thanks in advance, Eric

2 comments

jacquesm15y ago

When you're looking at an investment of that size you will likely have one or more board members from the VC to look after their interests.

This is probably a good start for reading material:

http://www.venturemomentum.com/VCBoardInfo.html

ezrider4428OP15y ago

This is perfect, thanks!

The only challenge i see is (like mentioned in the post) there is no consistency between VC's. Each feel that a certain report is "The Most important" What happens when there are multiple VC's or a mix of VC's, angels and governments.

For a startup reporting to each can be really time-consuming....and wasteful especially if the time spent on reports takes away from the time spent on making the product better.

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