Investor update template from Waveup (waveup.com), a private-capital advisory firm for founders.
Free to reuse and adapt for your own company. No attribution needed.

# Investor update template

How to use it: copy this file into your email client or notes app, replace every bracketed prompt, and send it on the same day each month. Keep the section order and the metric definitions the same every time, so investors can compare one update with the last.

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**Subject:** [Company] investor update, [Month Year]

Hi all,

[One sentence on the month: good, mixed or hard, and why.]

## TL;DR

- [The headline metric and where it landed against plan]
- [The biggest win]
- [The biggest problem and what you are doing about it]
- [The one thing you most need from this list]

## Key metrics

Same metrics every month, each with last month and plan beside it.

- [Metric, e.g. MRR]: [this month] (last month: [figure]; plan: [figure])
- [Metric, e.g. paying customers]: [this month] (last month: [figure])
- [Metric, e.g. gross churn or retention]: [this month] (last month: [figure])
- [Metric, e.g. activation or pipeline]: [this month] (last month: [figure])

## Highlights

- [What happened] – [why it matters for the business]
- [What happened] – [why it matters]
- [What happened] – [why it matters]

## Lowlights

- [What went wrong] – [the cause] – [the fix already underway, and when you expect the metric to recover]
- [What went wrong] – [the cause] – [the fix]

## Asks

Specific and forwardable. One line each.

- [Ask: an intro to a named company or role, with a forwardable blurb at the bottom of the email]
- [Ask: a hire, with the job description linked]
- [Ask: advice on a decision, with the options in one sentence]

## Cash and runway

- Cash in bank: [amount]
- Net burn last month: [amount]
- Runway at that burn: [months]
- Next raise: [planned date, and the milestone it will price on]

## Team

- Headcount: [number]
- Joined: [name, role]
- Left: [name, role, or none]
- Open roles: [role, link to the job description]

## Thank-yous

- [Investor name] for [what they did] – [what it led to]
- [Investor name] for [what they did]

Thanks,
[Founder name]
[Company]: [one line on what the company does]

---

## Forwardable intro blurb

Paste this under your signature whenever you have an intro ask, so an investor can forward it without editing.

Hi [Name], I would like to introduce you to [Founder], CEO of [Company]. [Company] [one line on what it does] and is [one line on traction]. [Founder] is looking to speak with [role] at [target company] about [topic]. I am an investor in [Company] and happy to connect you both.